How do I receive Shopify payouts into Loop?

If you receive regular payouts from a sales channel such as Shopify, Amazon, Stripe, Square or PayPal, you can switch your deposits to Loop! When you receive your USD payouts into your Loop U.S. account you will avoid international fees often applied when depositing into a Canadian bank account.

Plus - it'll arrive in your account faster than the average timing for deposits to a Canadian bank account!

To set up deposits into your Loop account, simply gather the Bank Details for each currency account from the Loop Accounts page and enter them into the bank settings on your sales channel account. Below we have detailed the step-by-step details on how to do this for popular sales channels.

Shopify

Here’s how you can set up your Loop bank account details to receive local currency deposits from your Shopify account:

1. Click Settings > Account Info > Payment Info > Bank Account Info

   Click 'Add or replace bank details'.

   Select 'Add new deposit method'.

   • Shopify US: Add your account number and ACH routing number from the bank details in your Loop account page.
   • Shopify Europe: Add your IBAN and BIC details from the bank details in your Loop account page.
   • Shopify UK: Add your sort code and bank account number from the bank details in your Loop account page.
2. Select the bank location. Your Loop USD account is in the United States, your Loop EUR and GBP accounts are in England.
3. Verify your bank account details. This is the account number you used when initially setting up your Shopify account.
4. Save the updated details by clicking 'Set deposit method'.