Overview
If you receive regular payouts from Shopify, you can switch your deposit account to Loop in just a few minutes.
When Shopify sends your USD payouts into your Loop U.S. account, you:
Avoid international fees applied when depositing into a Canadian account
Receive funds faster than standard Canadian bank deposits
This helps your business simplify cash flow, reduce FX costs, and access your Shopify earnings faster.
How to set up Shopify payouts to Loop
Log in to your Shopify account.
Go to Settings → Account Info → Payment Info → Bank Account Info.
Click Add or replace bank details.
Select Add new deposit method.
Depending on your Shopify region, enter your Loop bank details:
Shopify U.S. → Enter your Loop USD account number and ACH routing number.
Shopify Europe → Enter your Loop EUR account’s IBAN and BIC.
Shopify UK → Enter your Loop GBP account’s sort code and account number.
Select the correct bank location:
Loop USD account → located in the United States
Loop EUR and GBP accounts → located in England
Verify and save your new payout details.
Double-check that the account number matches your Loop account.
Click Set deposit method to finalize the update.
Shopify will now send future payouts directly to your Loop account in the selected currency.
Notes
You can view your Loop account details anytime under Accounts > Bank Details.
Funds typically arrive faster than deposits to Canadian bank accounts.
To receive payouts in USD, EUR, or GBP, make sure your Shopify store payout currency matches your chosen Loop account currency.
This process also applies to other sales channels such as Amazon, Stripe, Square, or PayPal.
FAQs
Can I receive Shopify payouts in multiple currencies?
Yes — Shopify can send payouts in CAD, USD, EUR, or GBP. You’ll need a corresponding Loop account in each currency.
Do I need to notify Shopify about the account change?
No. Once you update your bank details, Shopify will automatically route future payouts to your Loop account.
Are there fees for receiving payouts into Loop?
No. Loop doesn’t charge fees for receiving Shopify payouts.
How long does it take to receive my funds?
Payout timing follows Shopify’s standard schedule, but deposits to Loop are usually faster than Canadian bank transfers.