If you use Shopify to earn income for your business, you can link your Found account as your preferred bank account to receive recurring payouts. The exact timeline of receiving these payouts may vary, depending on the payment providers you use and how you have set up scheduled payouts.
You can accept payments on Shopify through their own payment provider, Shopify Payments, and/or through other third-party payment providers.
Learn more: Getting Paid on Shopify
If you’re setting up Shopify Payments for the first time, here’s how to make Found your preferred bank account to receive payouts:
From your Shopify admin, go to Settings > Payments.
In the Shopify Payments section, click Complete account setup.
In the Submit information about your business section, click Submit details.
Select your business type and enter the required details, and then click Continue account setup.
In the Secure your account with two-step authentication section, click Turn on two-step.
Enter a phone number and complete setting up two-step authentication, and then click Turn on.
In the Add your banking information section, click Add bank account.
Click Connect a bank account via Plaid, and then click Continue.
Select Found from the list of institutions, and then click Continue.
Sign into your Found account with your login credentials, and then click the checking account that you want to connect to Shopify Payments.
Select the agree to the terms and conditions checkbox, and then click Connect account information.
Once you have linked your Found account, make sure to set a payout schedule that works for you and your business.
If you already have Shopify Payments set up, here’s how to easily switch your bank account to Found from another account:
Go to Settings > Payment providers.
Click Manage in the Shopify Payments section.
Under Payout account, click Change bank account, and enter your Found account and routing numbers.
Click Save.
Other payment providers, such as PayPal Express Checkout, will have their own ways of getting funds from your customer to your bank account. Check with the service you're using to find out how they will pay you and how often you will be paid.
*Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.
The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc.
The information on this website is not intended to provide, and should not be relied on, for tax advice.
**Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.
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