Getting paid

Getting paid

This page was printed on Jun 09, 2022. For the current translation, visit hypertext transfer protocol : //www.peterswar.net/en/partners/getting-started/getting-paid .
As a Shopify Partner, you earn money based on your contribution to the Shopify ecosystem ( your activities ) and the Partner program that you join. Your earnings might vary based on your state or region and the state or area of the merchants you work with. Shopify might charge you taxes on its fees or pay out taxes on your referral commissions in certain cases. These taxes vary based on your country or area, the type of Partner bodily process, and the tax information you provide in your Partner report settings. You might be responsible for remitting these taxes to the appropriate government authority. Learn more about Shopify Partner earnings .

How your earnings are calculated

Your referral commission is calculated on the subscription tip paid by the merchant to Shopify, net of any discounts or credits. Your app and subject gross is calculated on the app or root purchase made by the merchant from Shopify. Before your earnings are calculated, the merchant must pay Shopify for the relate subscription tip, app leverage, or subject buy.

Reading: Getting paid

Below are some factors that might impact your earnings :

  • If a merchant ‘s bill payment fails, then your earnings on their subscription tip, app leverage, or subject purchase are paid out only after the payment is retried and successfully processed .
  • If a merchant ‘s account is frozen due to non-payment, then your earnings on their subscription fee, app purchase, or theme leverage are not paid out until the merchant ‘s report is unfrozen and the payment is successfully processed .
  • Stores without an associate subscription fee, such as Plus Expansion stores, do not contribute to your referral earnings .

For data about how you can earn money in the Shopify Partner Program, refer to Shopify Partner earnings .

Activity requirement for payouts

As a Shopify Partner, you can earn recurring deputation payments for referrals and Shopify Plus upgrades. These payments recur monthly angstrom long as you ‘re an active Shopify Partner. To continue receiving recurring commission payments for these previous referrals and upgrades, you must complete one of the stick to Partner activities at least once every 12 months :

  • Development store referral
  • Referral of a new merchant or an existing merchant to Shopify Plus

The Partner activeness necessity does n’t apply to other ongoing earnings, such as earnings from app sales or theme sales. For detail terms, refer to Shopify Partner earnings. You can view the date that you need to complete another Partner activeness by on the Referrals page. This information appears only if you ‘re an active Shopify Partner .

Steps:

  • From your Partner Dashboard, click Payouts.
  • In the Activity requirement for payouts section, view the date.

Note

The Shopify Partner bodily process requirement was paused between March 26, 2020 and August 4, 2020. Any activities that you completed during this hesitate were still counted. If you completed a Partner action while the Partner activity prerequisite was paused, then you had 12 months from the reinstatement date to complete another Partner action .
If you did n’t complete a Partner natural process while the Partner action requirement was paused, then you started with the lapp measure of time to complete a Partner natural process that you had before the pause. For example, if you had seven months left to complete a Partner natural process when the pause began, then you had seven months from the reinstatement date to complete a Partner natural process .

Payout threshold and schedule

All you need is a minimal of $ 25 in earnings to receive a payout from Shopify. Earnings are accumulated and paid out on the play along agenda :

  • For all earnings accrued between the 1st to and including the 15th of the month, payment will occur 5 business days after the 15th day of the month.
  • For all earnings accrued between the 16th to and including the last day of the month, payment will occur 5 business days after the last day of the month.

Sales and referral activity earnings are calculated individually. This means that if you meet the doorway for referral earnings, but not sales earnings, then referral earnings are paid out and sales earnings continue to accrue until they meet the earnings threshold. There is no upper limit to the sum sum of earnings that you collect or the count of clients you collect from .

Managing your payout method

Shopify offers several ways of receiving payouts, including PayPal, Bank Account, and Wire Transfer. Access to specific payout methods depends on your area or region and the currency that you want the payout converted to. For example, in Canada, with a final payout in CAD, you might have access to PayPal and Bank Account payout methods. Before you can add a new payout method, you need to create a Hyperwallet bill in the Partner Dashboard. When you create a Hyperwallet account, you ‘re agreeing to the Hyperwallet terms of service and privacy policy. All communications about payout methods using Hyperwallet will come from Shopify by electronic mail or through the Partner Dashboard. Any changes to your Hyperwallet account or payout methods should only be made through the Partner Dashboard .

Fees

Shopify payouts are constantly issued in USD, however, raw payout methods allow you to receive your final payout in another currency, including your local currentness in most cases. You ‘re responsible for paying any currentness conversion fees .

Receiving payouts in USD

If you receive your payouts by PayPal, Bank Account, or Wire Transfer in USD, and then convert to another currency after the payout has reached your PayPal wallet or fiscal institution, then the payout will be subject to the change rates and currency conversion fees that are set by PayPal or your fiscal institution .

Receiving payouts in a currency other than USD

If you choose to receive your final examination payout to PayPal, Bank Account, or Wire Transfer in a currency early than USD, then the currentness conversion will be done by Hyperwallet before it reaches your PayPal wallet or fiscal initiation, and is subjugate to their floor substitution rate and currency conversion fees :

  • The nucleotide exchange rate is based on rates within the wholesale currentness markets on the conversion day or the prior business day, or if required by jurisprudence or regulation, set at the relevant government reference rate .
  • The currency conversion tip, equal to 0.50 % of the payout sum, is applied and retained by Hyperwallet. Shopify has secured this favored currency conversion fee in collaboration with Hyperwallet to benefit Shopify Partners .

Identity verification

In some countries or regions, you might be required to verify your identity to receive payouts. If you operate as a occupation ( such as a limited liability company, partnership, or corporation ), then you might need to provide identity confirmation details before receiving your first gear payout. If you operate as an individual ( such as sole proprietorship or single-member circumscribed indebtedness company ), then you might be required to provide identity confirmation details when your earnings reach a certain brink. Shopify notifies you by electronic mail if identity confirmation is required and directs you to provide the ask information and software documentation in the Partner Dashboard .

Compliance checks

In some countries or regions, and for some currencies, Hyperwallet and your deposit or fiscal mental hospital might require more information to process a payout. The thresholds and requirements for complaisance checks are different depending on the area or region of operation. Shopify notifies you by electronic mail if a payout is on declare because more information is required .

Payout on hold or failed

Hyperwallet will put a payout on hold ( or indicate that the payout has failed ) if the payout method details are incorrect. You ‘ll receive an electronic mail from Shopify asking you to change your payout method or to contact digest. Hyperwallet will besides put a payout on hold ( or indicate that the payout has failed ) if the payout sum exceeds the transaction limit for that payout method. In general, payouts have the keep up transaction limits :

  • PayPal – up to 100,000 USD
  • Bank Account – up to 500,000 USD
  • Wire Transfer – up to 5,000,000 USD

Note

Some transaction limits may be lower depending on your state or region and the currentness that you want the payout converted to. For more information about the transaction limits in specific cases, contact Partner Support.

If your payout method acting exceeds the general limits listed above, or the limits specific to your state or region and currency, then you ‘ll receive an electronic mail from Shopify asking you to change your payout method. You can retry processing a failed payout from the Partner splashboard .

Create a Hyperwallet account

Creating a Hyperwallet report gives you access to all the payout methods available in your country or area and currency. If your company is a business ( such as a limited indebtedness company, partnership, or pot ), then you might need to provide business-specific data to complete the account creation .

Steps:

  1. In the Partner Dashboard, go to Settings.
  2. In the Payouts section, click Manage payout method.
  3. In the Hyperwallet account section, fill in the fields, and review the Hyperwallet terms of service.
  4. Click Submit.

You ‘ll receive an electronic mail from Shopify confirming the report creation .

Make changes to your Hyperwallet account

You can make changes to your Hyperwallet account details in the Partner Dashboard. If you make changes to your Hyperwallet explanation, then you ‘ll need to add a payout method again .

Steps:

  1. In the Partner Dashboard, go to Settings.
  2. In the Payouts section, click Manage payout method.
  3. In the Hyperwallet account section, make changes to fields, and review the Hyperwallet terms of service and privacy policy.
  4. Click Submit.

You ‘ll receive an e-mail from Shopify confirming the changes to your Hyperwallet history. You ‘ll need to add a payout method, because the change resets your account .

View your current payout method

Steps:

  1. In the Partner Dashboard, go to Settings.
  2. In the Payouts section, under Payout Method, view the details of your current payout method.

You can besides click Manage payout methods to view your current payout method and the other payout methods available for your state or area .

View available payout methods by region and currency

The available payout methods are different depending on the country or region and the currency that you select .

Steps:

  1. In the Partner Dashboard, go to Settings.
  2. In the Payouts section, click Manage payout method.
  3. In the Payout method details section, under Add transfer method, select your Country/Region first, and then your Currency.

You ‘ll see the transfer methods available for your area or region and currency .

Add a payout method

You can only have one payout method acting. If you want to make changes to your current payout method, then you need to add a new payout method acting to replace the honest-to-god one .

Requirements

  • You’ve created a Hyperwallet account.
  • You have your banking and account details ready, if applicable

Steps:

  1. In the Partner Dashboard, go to Settings.
  2. In the Payouts section, click Manage payout method.
  3. In the Payout method details section, under Add transfer method, select the Country/Region of your PayPal account or bank account first, and then your Currency. You’ll see the transfer methods available for your country or region and currency.
  4. Click on the transfer method that you want to add.
  5. Fill in the fields and click Submit.

The raw payout method details are nowadays under Current payout method and you ‘ll receive your following payout by this method. You ‘ll besides receive an electronic mail from Shopify confirming the new payout method .

Tracking your earnings

From the Payouts page in your Partner Dashboard, you can track the versatile sources of earnings that you receive as a Shopify Partner. Your payments from Shopify are transferred to you in regular payouts, which appear as records in the Payouts postpone. Payouts are divided by action character. Sales payouts contain payout details for app sales, subject sales, and service sales. Referrals payouts contain payout details for development store referrals and Shopify Plus referrals. To learn more about what ‘s included in a payout, click its date range .

Review a payout

When you view a payout, you can find detail information about the sources of gross that each payout includes. tune items in your payout represent the amounts collectible to you after Shopify fees and other applicable fees. Processed payouts include distinguish cable items for taxes and fees. To learn more about applicable taxes and fees, refer to Shopify Partner earnings .

Steps:

  1. From your Partner Dashboard, click Payouts.
  2. Click a date range from the table.
  3. To view payouts for a single activity type, click the tab for the activity type. For example, if you want to see only the payout information for app sales, then click the Apps tab.

Retry a failed payout

If a payout fails, then you should verify that your payment details are discipline and the payout measure does n’t exceed transaction limits. Learn more about payouts that fail or are on hold. After you ‘ve verified your payment details and transaction limits, then you can retry processing a fail payout .

Steps:

  1. From your Partner Dashboard, click Payouts.
  2. Navigate to the failed payout.
  3. Click Retry. The Failed label changes to Pending.
  4. If a payout continues to fail, then you should check with PayPal or your financial institution before contacting Partner Support.

Export your payouts

You can export a record of your payouts in a CSV file .

Note

The column and values in exported payout records are subject to change. For model, changes to our billing model might impact the names of existing charge types. If a fresh sport impacts exported payout records, this information will be communicated in the Developer changelog .

Steps:

  1. From your Partner Dashboard, click Payouts.
  2. If you want to export a record of all the payouts that you’ve received, then click Export payouts as CSV.
  3. If you want to export a record of the line items that are included in a specific payout, then click the date range for the payout that you want, and click Export payouts as CSV.

Fee and commission invoices

From your Partner Dashboard, can download invoices for the fees charged or commissions paid in a specific payout. There are two types of invoices :
Fee and commission invoices are generated when a payout is processed. You ca n’t view invoices for pending transactions .

Shopify fees invoice

The Shopify fees bill is a record of the commission fees and serve fees that Shopify has charged you for activities like app sales, theme sales, and service sales. These invoices are addressed to you from Shopify. If your Shopify fees are capable to taxes, then each applicable tax is listed as a separate line item on the bill. The purpose of this bill is to list the Shopify fees you were charged and how any applicable taxes were calculated. You can download your Shopify fees bill .

Steps:

  1. From your Partner Dashboard, click Payouts.
  2. In the Payouts table, click a date range.
  3. Click Download Shopify fees invoice.

Referral commission invoice

The referral commission invoice is a phonograph record of the commission that Shopify pays you for referral activities, including consort referrals, Shopify Plus referrals, and development store referrals. These invoices are addressed on your behalf to Shopify. If your referral commissions are discipline to taxes, then each applicable tax is listed as a freestanding tune detail on the invoice. The function of this bill is to list the referral mission you were paid and how any applicable taxes were calculated.

Note

The taxes outlined on the referral deputation bill are not remitted by Shopify. You ‘re creditworthy for remitting these taxes to the appropriate government authority .
You can download your Shopify fees invoice .

Steps:

  1. From your Partner Dashboard, click Payouts.
  2. In the Payouts table, click a date range.
  3. Click Download referral commission invoice.

Payment disputes

If you believe that the total of tax income that you ‘ve received is faulty, then contact Partner Support with details .

source : https://www.peterswar.net
Category : Finance

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