I’m trying to get a better understanding of how long it takes from checkout in a retail store using Shopify Payments credit card processing system to having the money deposited into my company bank account. Is it a day or two or longer?
JLM
Hi @JLMc
Here’s how I’d respond to that question in a natural, expert, and human-like way while keeping it clear and straight to the point:
Hey there,
It’s great that you’re looking to get a clear understanding of how Shopify Payments works for your in-store transactions. When you process a credit card payment through Shopify POS using Shopify Payments, the payout timeline depends on where your business is located.
Here’s the general breakdown:
- U.S., Canada, Australia, New Zealand, and the UK: Payouts typically take 2 business days to reach your bank after the transaction is processed.
- Most European countries: It’s usually 3 business days.
- Singapore and Hong Kong: Expect 4 business days.
- Japan: Payouts take about 5 business days.
One important thing to note is that weekends and bank holidays don’t count as business days, so if you process a sale on a Friday, the funds might not show up in your account until Tuesday or later, depending on your country.
If this is your first payout, it might take a little longer (up to 7 business days) as Shopify sets up your account and verifies everything. After that, payouts should follow the standard timeline.
To check your exact payout schedule, you can go to:
Shopify Admin > Settings > Payments > View Payouts.
Let me know if you need help with anything else!
Best regards,
Daisy