But if someone buys your work online and pays into your personal PayPal account, they’ll see your real name in the transactions details.
You can hide your real name by setting up a Paypal business account with your pen name as the name of your business.
Do I have to use my real name on PayPal
PayPal requires users to use their real names on personal accounts. If you don’t want the people you exchange money with on PayPal to know your real name, you’ll need to set up a business account.
Do you need a business account for Shopify
The short answer is no. Shopify does not require you to have a business license in order to sell on Shopify.
Yet, there are specific cases in which you’ll need to own one. Plus, you might need a business license if your specific location or type of business requires it.
Does Shopify pay you instantly
After you’ve captured the payment for an order placed using Shop Pay Installments, you’ll receive full payment for your order within 1 to 3 business days, excluding the fee incurred for using Shop Pay Installments.
How do I receive payment when selling online?
- Create a secure online payment gateway
- Facilitate credit and debit card payments
- Set up recurring billing
- Accept mobile payments
- Use email invoicing
- Accept electronic checks (eChecks)
- Accept cryptocurrency payments
- Use payment links
How do I collect my money from Shopify
Tap the order that you want to capture payment for. On the order details screen, tap CAPTURE PAYMENT.
On the Capture payment screen, if you want to capture less than the full payment amount, then enter the amount that appears in the Amount to capture field.
When the amount is correct, tap ACCEPT.
Which payment gateway is best?
- Stripe: Best overall payment gateway
- Adyen: Best omnichannel option
- Helcim: Best interchange plus pricing for businesses of all sizes
- PayPal: Best for doing everything in one place
- Square: Best if you also have a storefront
- Braintree: Best to accept a variety of payment types
What is the best payment method for Facebook marketplace
Google pay, Apple Pay, Venmo, PayPal, and Zelle are all good options. They’re reliable and don’t directly reveal your banking information to the buyer.
Since the buyer will contact you via Facebook Messenger, it makes sense for them to pay you through the app.
Who owns Shopify
Tobi lütke, billionaire founder of Shopify. Tobi Lutke, the Canadian CEO and founder of e-commerce platform Shopify, has a net worth that’s doubled to $3.2 billion in just six months, thanks to his company’s skyrocketing stock.
How often does Shopify payout
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.
How long does it take for Shopify to pay me
Around 24-72 hours The payments take around 24-72 hours to show up in your Bank accounts, after they are sent by the customers.
In general, it takes around 24 to 72 hours for the payments to show up in bank accounts, after the customers send them.
What are Shopify fees
As for transaction fees, Shopify charges a fee of 2.9% + $0.30 per transaction for all online purchases made under this plan.
On the other hand, physical purchases attract a 2.7% fee per transaction. If you use any payment gateway other than Shopify Payments, a 2% fee will be charged on every transaction.
References
https://www.paypal.com/us/webapps/mpp/merchant-fees
https://www.youtube.com/watch?v=LJ_3UM5lEWo
https://www.investopedia.com/how-paypal-makes-money-5094794
https://www.rockethq.com/learn/personal-finances/what-is-paypal
https://www.forbes.com/advisor/business/software/paypal-vs-stripe/
