Using Payoneer Individual Account for Shopify Payments Payouts?

Payments + Shipping & Fulfilment

Topic summary

A dropshipper with a UK LTD company but residing in Iraq is seeking to use Shopify Payments for their store. They cannot open a traditional UK bank account due to their location and want to know if a Payoneer individual account (which provides UK sort code and account number) can receive Shopify Payments payouts.

Key Issue:

  • Shopify Payments requires a real UK-based bank account tied to the company
  • Payoneer’s virtual UK account details are typically not recognized as valid by Shopify for payouts
  • This applies to both individual and business Payoneer accounts

Suggested Solution:
A respondent recommends using alternative payment providers like WallidPay, which:

  • Accepts international merchants with UK LTDs
  • Supports Payoneer payouts directly
  • Doesn’t require UK residency
  • Integrates with Shopify

Status: The question remains unresolved regarding whether Shopify will accept the specific Payoneer setup, though the consensus suggests it likely won’t work.

Summarized with AI on October 28. AI used: claude-sonnet-4-5-20250929.
1

Hi everyone, I’m dropshipping with Shopify and using Shopify Payments. My store location is set to the UK, and I have a registered LTD company there. However, I live in Iraq (a very restrictive country) and can’t open a UK bank account. I have a Payoneer individual account that provides a UK sort code and account number.

I’m attaching a screenshot from Payoneer where they explain how to use this bank account information.

Can I use this Payoneer individual account for Shopify Payments payouts, or do I need a business Payoneer account?

Payoneer Bank Account Guidelines:

My Shopify Payments Setup:

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So, Will Shopify accept my payout request based on the information I’ve provided?

Thanks.

2

Hi! Since you’re running a UK LTD company and you’re based in Iraq, you’re in a common situation for international dropshippers using Shopify.

Regarding Payoneer & Shopify Payments:

Unfortunately, Shopify Payments does not support Payoneer (individual or business accounts) for payouts. Shopify requires a real UK-based bank account, typically tied to your company, for payouts to be processed. Even though Payoneer provides UK account details (via Barclays or similar), Shopify often doesn’t recognize these virtual accounts as valid for payouts.

What you can do instead:

Use an alternative payment provider like WallidPay – it’s designed for international merchants with UK LTDs who can’t use Shopify Payments.

  • No UK residency required

  • Supports Payoneer payouts

  • No holds like Shopify Payments

  • Easy Shopify integration

This way, you can avoid Shopify Payments altogether while still accepting card payments from your customers.