- Feb 13, 2020
- 223
- 52
I'm setting up a Shopify store and I'm a bit stuck trying to figure out which payment gateway to use. I need to access the money from sales quickly to ship my products, but I'm not sure about the limits for new accounts.
I've got new accounts with PayPal, Stripe, Wise, and Payoneer. They're all pretty fresh, just a few days old, with no transaction history yet.
I'm trying to figure out how soon these platforms will let me withdraw or use the money from my sales, and at what point they might start holding onto it for longer periods.
For example, Stripe mentions that the first payout takes 7 days after the first successful payment, but they don't specify an amount. Does this 7-day rule apply the same for a $10 sale as it does for a $1000 sale?
PayPal says they'll release funds within 21 days if everything's fine, but again, there's no clear info about the amounts this applies to. Plus, I'm not sure if this policy is different for new accounts like mine.
I've got new accounts with PayPal, Stripe, Wise, and Payoneer. They're all pretty fresh, just a few days old, with no transaction history yet.
I'm trying to figure out how soon these platforms will let me withdraw or use the money from my sales, and at what point they might start holding onto it for longer periods.
For example, Stripe mentions that the first payout takes 7 days after the first successful payment, but they don't specify an amount. Does this 7-day rule apply the same for a $10 sale as it does for a $1000 sale?
PayPal says they'll release funds within 21 days if everything's fine, but again, there's no clear info about the amounts this applies to. Plus, I'm not sure if this policy is different for new accounts like mine.