Configuring Shopify Payments

The following sections include optional tasks that you can use to configure Shopify Payments.

Turn payout notifications on or off

默认情况下,Shopify发送你电子邮件时payout is sent to your bank account. The email includes the amount paid and a link to the payout in your store, so you can review the included order and customer details. You can turn these emails on or off in your Shopify Payments settings.

Steps:

Change your payout statement descriptor

The payout descriptor is how your payouts appear on your bank statement. By default, your payout statement descriptor shows up asShopify. If you're located in the United Kingdom or Ireland, then your payout statement descriptor is listed asEarthport PLC Shopify, instead ofShopify.

Some payouts descriptors might contain additional information on your bank statement. Any additional information is added by your bank, and can't be changed.

You can change the appearance of your payouts by editing your descriptor in yourPayment providerssettings. Statement descriptors must be between 5 and 22 characters in length. Only Latin character letters are supported, and a descriptor can't include the special characters<,>,', or".

Steps:

Changes to your payout statement descriptor can take up to 3 business days to be reflected in your bank account, or after your current payout cycle is complete. Changing your descriptor only changes the appearance of future payouts, and not past or pending payouts.

Change your fraud prevention settings

When you use Shopify Payments to process transactions on your store, enhancedfraud analysisis performed automatically. The results of the analysis are displayed asfraud analysis indicatorson the order, which you can use to help you decide whether to fulfill the order.

Shopify Payments has two fraud filters that you can choose to enable, AVS and CVV:

• Address Verification System (AVS)- AVS compares the numeric part of the customer’s billing address and zip code or postal code to the information on file with the credit card issuer.

• Card Verification Value (CVV)- The CVV is a 3-digit or 4-digit number on the customer’s credit 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 card information stolen from a merchant database is also less useable, because it shouldn't contain CVV information.

You can also choose to automatically decline any transaction that fails verification by activatingDecline charges that fail AVS postal code verificationandDecline charges that fail CVV verification. If you activate these settings, then any transaction attempt that fails the verification is declined and no order is placed.

Steps:

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 account information to edit banking information.

你不能使用公关epaid bank cards as bank account credentials to receive payouts from Shopify Payments.

If you can't remember your old bank account information or are unable to verify it, thencontact supportfor assistance.

Steps:

Edit customer billing statement

You can change the statement that appears on your customer's credit card bill when they make a purchase on your store. You must add your phone number so that customers can call you if there is a problem. You can also add the name of your store, so that your customers know what the credit card charge was for.

Steps:

Some additional public information might be included on your customer's billing statement, depending on their credit card network, brand, or issuing bank. This decision is up to the individual bank.

Update your tax details

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 sole proprietor and don't have a tax ID, then you can submit your Social Insurance Number (SIN) or your Social Security Number (SSN) instead.

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 email from Shopify and a notification appears on the home page of your Shopify admin.

Incorrect tax details can result in failed payouts. If your tax details change or your business has an ownership or name change after your Shopify Payments setup, then contactShopify Supportto update them.

Tax reporting

As a merchant, you are required to abide by all applicable regulations, including tax reporting. Depending on your jurisdiction, Shopify Payments might also be required to report your sales to the local tax authorities.

Some countries have unique tax reporting requirements. For details, refer to the tax reporting requirements for eachsupported country.

Adjust the major credit cards that your store accepts

With Shopify Payments you can select which major credit card types that your store will accept.

Steps: