Shopify is a global e-commerce platform where anyone can create and manage an online store. It offers product listings, secure payment processing, marketing and customer engagement tools. The platform also supports developers, designers, and affiliate marketers through its Partner Programme by offering earnings for app development, theme creation, store setup services, and referrals.

For merchants and partners, receiving Shopify earnings in foreign currencies like USD, GBP, or EUR can be challenging due to banking restrictions and high conversion fees. Grey solves this problem by offering virtual foreign accounts that allow users to receive international payments as if they had a local bank account abroad. This article explains how to link your Grey account to Shopify’s payout system, powered by Hyperwallet, so you can receive your funds quickly, safely, and at competitive exchange rates.

Also read: How to receive USD payments on PayPal in countries with currency restrictions

Understanding Shopify payouts via Hyperwallet

Shopify has partnered with Hyperwallet to provide flexible payout options for partners and merchants. These include local bank transfers and international wire transfers in various currencies. This collaboration enables you to receive earnings directly into your local or virtual bank accounts without the delays and fees associated with traditional international transfers.

Setting up your Grey account

By following these steps, you can sign up on Grey and receive your multi-currency bank details within minutes.

1. Create a Grey account: Visit Grey’s website or download the mobile app and sign up with your email address.
2. Verify your identity: Complete the KYC process by uploading a valid government-issued ID and a selfie to verify your identity.
3. Request virtual foreign accounts: Once verified, you can request virtual accounts in USD, GBP, or EUR. Each account comes with unique banking details that function just like a local account in the respective country.

Linking Grey to your Shopify partner dashboard

Once you’ve created an account on Grey, you can now link your account to your Shopify partner dashboard.

1. Access payout settings: Log in to your Shopify partner dashboard and go to the ‘Payouts’ section.
2. Add a new payout method: Choose ‘Add Payout Method’ and select the appropriate currency (USD, GBP, or EUR) that matches your Grey virtual account.
3. Enter Grey account details: Input the account number, bank name, and other required details exactly as they appear in your Grey dashboard.
4. Save and confirm: Double-check all entries and confirm. Shopify will now send future payouts to your Grey account.

Shopify also allows you to receive your earnings via PayPal. So, if you integrate your PayPal account with the payment gateway, here is how to withdraw your funds from PayPal.

Receiving and managing your earnings

After linking your Grey account, Shopify will disburse your earnings according to your payout schedule. Once funds arrive:

• Convert funds: With Grey, you can convert your USD, GBP, or EUR earnings to your local currency at competitive exchange rates.
• Withdraw to local bank: Send your converted funds to your local bank account quickly and securely.
• Use Grey’s virtual USD card: If needed, you can also spend directly online using Grey’s virtual USD card. This is useful for paying for subscriptions or international services.

Using Grey with Shopify

With Grey, you no longer have to worry about delays in getting your payout from Shopify or the hassle of withdrawing into your local bank. Grey helps you:

• Receive direct payouts in USD, GBP, or EUR seamlessly.
• Avoid traditional banking delays and intermediary fees.
• Convert foreign currency at better rates.
• Manage all your international earnings from one simple dashboard.

By integrating Grey with your Shopify Partner account, you gain control over how and when you access your hard-earned income.

Sign up on Grey today for a reliable, efficient, cost-effective way to manage your international e-commerce business.

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