The answer is yes, you do need a bank account for Shopify. Shopify allows you to connect your store to a payment processor, such as Stripe or PayPal, which allows customers to pay for their purchases with a credit or debit card. In order to receive payments from customers, you need to have a bank account connected to your payment processor. Without a bank account, you won’t be able to accept payments from customers.
Having a bank account connected to your Shopify store has a number of benefits. For starters, it allows you to receive payments from customers quickly and easily. When customers make a purchase, the funds are deposited directly into your bank account, which means you don’t have to wait for the payment processor to transfer the money to you.
Setting up a bank account for Shopify is relatively easy. All you need to do is sign up for a payment processor and connect your bank account to it. Once you’ve completed the setup, you’ll be ready to accept payments from customers. When setting up your payment processor, it’s important to read the terms and conditions carefully. Some payment processors may have restrictions on the types of businesses they’re willing to work with, so make sure you understand the rules before you get started.
In conclusion, having a bank account connected to Shopify is essential for any business using the platform. It allows you to receive payments from customers quickly and easily, as well as keep track of your finances. Setting up a bank account is easy, but it’s important to read the terms and conditions of your payment processor carefully before you get started.