Configuring Shopify Payments

Configuring Shopify Payments

This page was printed on Mar 18, 2022. For the stream version, visit hypertext transfer protocol : //enrolldetroit.org/en/manual/payments/shopify-payments/configuring-shopify-payments .

Note

Shopify Payments is available entirely to stores in certain countries. For a list of corroborate countries, see Can I use Shopify Payments ? .

Set up payout notifications

By default option, Shopify sends you an email whenever a payout is sent to your bank account. The e-mail includes the amount paid and a connection to the payout in your store, so you can review the include ordain and customer details. You can turn these emails on or off in your Shopify Payments settings .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click Manage.
  2. Under Payout schedule in the Payout details section, check or uncheck Enable notifications.
  3. Click Save.

Set up fraud prevention

Shopify Payments can do enhanced fraud analysis checks to let you know if an order is potentially deceitful. Shopify Payments has two imposter filters that you can choose to enable, AVS and CVV :

  • Address Verification System (AVS) – ab compares the numeral part of the customer ’ s bill address and nothing code or postal code to the information on file with the credit card issuer. This helps reduce a meaning measure of imposter, because unauthorized users much do n’t have the correct placard address .
  • Card Verification Value (CVV) – The CVV is a 3-digit or 4-digit number on the back of the customer ’ sulfur citation card. Credit card companies prohibit the storage of the CVV code, so asking for the CVV is a way of ensuring that a customer has the card physically in their possession. Credit wag information stolen from a merchant database is besides less functional, because it should n’t contain CVV information .

Note

not all banks support AVS and CVV security checks. When it ‘s enabled, AVS and CVV imposter filters apply only to orders where the customer ‘s card-issuing bank supports these checks. If a bank does n’t support AVS or CVV security checks, then the holy order is processed, but the security system check is n’t flagged as a risk indicator in the risk analysis tool .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click Manage.
  2. In the Fraud prevention section, check the options that you want to use to automatically decline charges.
  3. Click Save.

Edit bank account information

If you change banks or if your bank account details change, then you can update the information in your Shopify Payments settings. You need to verify your old bank report information to edit bank information. You ca n’t use prepay depository financial institution cards as bank account credentials to receive payouts from Shopify Payments .

Caution

For your security, only the shop owner can edit your memory ‘s Shopify Payments deposit information .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click Manage.
  2. Under Payout account in the Payout details section, click Change bank account.
  3. enter your bill data, then click Save .

    Note

    If you are adding a japanese bank explanation, then you need to use Kanji ( full width ) characters .

Caution

You ca n’t use prepay bank cards as bank account credentials to receive payouts from Shopify Payments .

Edit customer billing statement

You can change the statement that appears on your customer ‘s credit circuit board bill when they make a purchase on your memory. You must add your phone number so that customers can call you if there is a trouble. You can besides add the identify of your store, so that your customers know what the accredit card bang was for .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click Manage.
  2. In the Customer billing statement section, enter a customer statement descriptor and your phone number, and then click Save.

When you set up Shopify Payments, you need to enter your tax details. All businesses need to submit a tax ID. If you are a lone owner and do n’t have a tax ID, then you can submit your Social Insurance Number ( SIN ) or your social Security Number ( SSN ) rather. If the tax ID that you submit is not valid, then you have to update it. When you ‘re required to update your tax details, you receive an electronic mail from Shopify and a notification appears on the home page of your Shopify admin. As of June 24, 2019, you need to contact Shopify Support to update your tax details .

Tax reporting

As a merchant, you are required to abide by all applicable regulations, including tax report. Depending on your legal power, Shopify Payments might besides be required to report your sales to the local tax authorities. The United States, Australia, and Europe have singular tax report requirements .

United States

In the United States, your requital liquidation entity is required to file a 1099-K shape to the IRS if you meet any of the take after criteria :

  • For calendar years prior to 2022: You receive more than 20,000 USD in gross payments and have more than 200 transactions.
  • For calendar year 2022 and later: You receive more than 600 USD in gross payments and have any number of transactions.
  • You meet your state’s individual thresholds.

Shopify is required to submit a 1099-K form to the IRS for your transactions that are processed through Shopify Payments, and you are required to report these values when you file your income taxes. This form is generated by Shopify Payments and it is provided both to you and to the IRS on an annual basis. only store owners can access information that is related to the 1099-K shape. The shape that you receive from Shopify entirely accounts for transactions that have been processed by Shopify Payments. Transactions that have been processed by other gateways, such as PayPal, are accounted for on a separate shape provided by that gateway.

memory owners can download a transcript of the 1099-K in the payments section of the Shopify admin. Learn more about the 1099-K form on the official web site of the IRS. .

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click View payouts.
  2. Click Documents.
  3. Click Download PDF next to the 1099-K tax form.

If you need to refer to a list of transactions that will be accounted for in your 1099-K form, then memory owners can download them in CSV format .

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click View payouts.
  2. Click Transactions.
  3. Click Export.
  4. Select 1099-K Transactions.
  5. Choose the date range of transactions to download.
  6. Click Export items.

Australia

In Australia, you need to file the measure of GST paid on transaction fees with the government. To get this information, you can either download a render invoice, or export a file with your transaction information .

Download a generated invoice

You can download monthly invoices to submit with your tax claim. Each bill includes the total GST paid on transaction fees for all orders made in your memory that month. This feature uses the UTC time zone, which might be different from your store ‘s prison term zone. If you want a report that uses your storehouse ‘s time zone, then you can export a list of your store ‘s transactions as a CSV file. The Documents section is available only to the store owner. Staff ca n’t access this section even if they ‘ve been granted all available permissions. The bill for each calendar month is generated on the 5th of the following calendar month. For case, the bill for June is generated on July 5th. If you had no transactions with Shopify Payments for a certain calendar month, then no bill is generated for that month .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click View payouts.
  2. Click Documents.
  3. On the Tax documents dialog box, click Download PDF next to the invoice that you want to download.

You can now submit this invoice with your tax claims .

Export transactions

You can export a tilt of your store ‘s transactions as a CSV file. The CSV file includes a GST column for australian merchants .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click the View payouts button.
  2. Click Transactions.
  3. Click Export. A CSV file downloads in your browser.
  4. Open the CSV file in a spreadsheet editor.
  5. The last column of the CSV file displays the amount of GST collected on each transaction.
  6. Use the SUM tool to calculate the total amount of GST that you’ve collected.

Singapore

In Singapore, you need to file the amount of GST paid on transaction fees with the government. To get this data, you can either download a generate bill, or export a file with your transaction information .

Download a generated invoice

You can download monthly invoices to submit with your tax claim. Each invoice includes the sum GST paid on transaction fees for all orders made in your store that calendar month. This feature uses the UTC time partition, which might be different from your store ‘s clock zone. If you want a report that uses your store ‘s time zone, then you can export a tilt of your store ‘s transactions as a CSV file. The Documents section is available merely to the shop owner. Staff ca n’t access this section even if they ‘ve been granted all available permissions. The bill for each month is generated on the 5th of the following month. For exercise, the invoice for June is generated on July 5th. If you had no transactions with Shopify Payments for a certain month, then no invoice is generated for that month .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click View payouts.
  2. Click Documents.
  3. On the Tax documents dialog box, click Download PDF next to the invoice that you want to download.

You can now submit this invoice with your tax claims .

Export transactions

You can export a list of your store ‘s transactions as a CSV file. The CSV file includes a GST column for Singapore merchants .

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click the View payouts button.
  2. Click Transactions.
  3. Click Export. A CSV file downloads in your browser.
  4. Open the CSV file in a spreadsheet editor.
  5. The last column of the CSV file displays the amount of GST collected on each transaction.
  6. Use the SUM tool to calculate the total amount of GST that you’ve collected.

Europe

Shopify Payments fees do not include Value-Added Tax ( VAT ) for stores in Europe with the exception of Ireland. You may need to account for VAT at the local anesthetic applicable tax rate on your VAT refund. To get this information, you can either download a render invoice, or export a file with your transaction information. For stores in Ireland, 23 % VAT is charged in accession to the Shopify Payments fees .

Download a generated invoice

You can download monthly invoices to submit with your tax title. Each invoice includes the total VAT paid on transaction fees for all orders made in your storehouse that month. This feature of speech uses the UTC meter zone, which might be different from your store ‘s time partition. If you want a report that uses your storehouse ‘s time zone, then you can export a list of your store ‘s transactions as a CSV file. The invoice for each month is generated on the 5th of the following calendar month. For example, the bill for June is generated on July 5th. If you had no transactions with Shopify Payments for a certain month, then no bill is generated for that month.

Steps:

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click View payouts.
  2. Click Documents.
  3. On the Tax documents dialog box, click Download PDF next to the invoice that you want to download.

You can immediately submit this invoice with your tax claims .

Export transactions

You can export a list of your storehouse ‘s transactions as a CSV file. The CSV file includes a VAT column for european merchants .

Steps:

To export your transactions :

  • Desktop
  • iPhone
  • Android
  1. From your Shopify admin, go to Settings > Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. From the Shopify app, go to Store > Settings.
  2. Under Store settings, tap Payments.
  1. In the Shopify Payments section, click View payouts.
  2. Click Transactions.
  3. Click Export. A CSV file downloads in your browser.
  4. Open the CSV file in a spreadsheet editor.
  5. The last column of the CSV file displays the amount of VAT collected on each transaction.
  6. Use the SUM tool to calculate the total amount of VAT that you’ve collected.
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