how to set up shopify payments

So, you’ve gone over all the eligibility criteria  ,and decided that Shopify Payments  is right for your business.,Now let’s set it up and start using it.,Before starting the setup  process for Shopify Payments,  ,you’ll first need to decide on a store's currency.,A store currency is the currency used in your  admin and the one you price your products in. ,To choose a currency, go to  “Settings” in your admin.,Under “Store Currency”, choose  the currency for your store. ,Then, click “Save”. ,Your store currency can be different from  the currency your bank account is in. ,For instance your store may be located in  Europe, but most of your sales happen in the US. ,You may want to keep the currency of your  store in USD but have your payouts in Euros. ,It’s important to note that while your store  currency can be any those listed in your store  ,settings, the currency you receive your money  in is based on where your store is located.,This is because your bank account must be  located in the same country as your store. ,If you need to change your currency  after making your first sale,  ,you’ll need to contact Shopify  support for assistance.,Once you’ve picked a currency, you’re  ready to activate Shopify Payments. ,If you haven’t already set up a payment provider,  ,you can do so by clicking the  onboarding card on the home screen, ,…and then clicking “Set Up Shopify Payments”. This will take you to the “Payment” section  ,of your settings where you’ll be able to click  “Complete Account Setup” for Shopify Payments. ,If you have previously set up another payment  provider but wish to switch to Shopify Payments,  ,you’ll see the primary provider “here” at the  top of the payment section and the link to  ,“Switch to Shopify Payments” just below it. Once you have activated Shopify Payments,  ,if applicable, you’ll be able  to enter your Business Number,  ,or Taxpayer Identification Number depending  on which country your business is located in…,…your personal information… …and banking information. ,If your store is located in Europe, you’ll  need to provide a Value-Added Tax number or  ,indicate that you don't have one. When setting up Shopify Payments,  ,you’ll need to choose your type of business. If you are a corporation you can provide  ,your business number, EIN or Taxpayer  Identification Number for your business. ,If you’re a sole proprietor and  don't have one of these numbers,  ,you can submit your Social Insurance  Number or Social Security Number instead. ,Keep in mind, that if you set up your Shopify  Payments account as a corporation or LLC,  ,you will still need to provide the name and date  of birth of someone associated with the business.  ,This is a requirement for verification purposes. ,All businesses need to submit a tax ID and are  responsible for collecting and remitting tax  ,on their sales to the appropriate government  authority. It's recommended that you  ,discuss any tax issues relating to your  business with a local tax professional. ,You may also be required to submit  details about you and your business.,This information is used to help identify  merchants using Shopify Payments and is a  ,requirement to comply with the terms of service. What is required to be collected may differ from  ,country to country. Typically, this includes  documentation about the business associated  ,with the Shopify Payments account, about the  owner of the business or about an individual  ,with signing authority for the business. If Shopify is unable to verify your identity  ,using this information, you may be asked to submit  additional documentation that could include,  ,Proof of identity, Proof of home address  or Proof of business verification.  ,Because of the sensitive nature of personal  information, the requested documents can only  ,be submitted through your Shopify admin, not  through our live chat support team or email.  ,Your identity, home address, and  proof of entity documents must  ,be reviewed and matched successfully to the  information on your Shopify Payments account  ,before your business can be fully verified.,Reviews of your Shopify Payments account  can take up to 3 business days to complete.,Once Shopify Payments is set up, customers will be  able to use the service to checkout on your store.  ,Let’s take a look at what customers  see when they make an order. ,After entering their address  and picking a shipping method,  ,they’ll be taken to the payment screen. Here, they’ll be able to see the most  ,popular credit card options offered. After entering their credit card details,  ,they can review the order before placing it. If you have Apple and Google pay enabled and  ,customers are using a matching device, they will  have the option to pay with it on the cart page.,Once the order has been placed, you'll see the  order show up in the order section of your admin  ,and your customer will receive a notification. ,Now you know how Shopify Payments works and  you are well on your way to making sales. ,For more information on everything shown  in this video, visit help.shopify.com

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