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Payouts and settlement times with Shopify Payments in New Zealand

With Shopify Payments in New Zealand you can receive payouts in NZD on all subscription plans. If your store is on the Advanced Shopify plan or the Shopify Plus plan, then you can receive payouts in multiple currencies. The currency that your customers use to pay for their orders can be different from the currency of your payouts from Shopify Payments. Learn more about selling and getting paid in different currencies.

This guide explains payout currencies, settlement times, processing fees, and how to view your transaction history with Shopify Payments in New Zealand.

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Settlement times for Shopify Payments in New Zealand

Settlement time refers to the amount of time between the moment that a customer's payment is captured and when those funds are available to be sent to your bank account. The timestamp for capturing a customer's payment is recorded in Coordinated Universal Time (UTC). Payments captured on Friday, Saturday, and Sunday are consolidated and sent as a single payout.

In New Zealand, the minimum settlement time is 3 business days. When you begin receiving payouts, your settlement time is longer, but as you reliably fulfill orders on time, your settlement time can decrease to match the minimum settlement time for your region.

There is no minimum payout amount for Shopify Payments in New Zealand. All payouts, regardless of amount, are processed according to your payout schedule.

Learn more about getting paid with Shopify Payments.

Fees for using Shopify Payments in New Zealand

Shopify Payments fees are location-dependent and can vary. To get the most accurate and detailed information about fees, visit the plans and pricing page for New Zealand. This page provides a breakdown of the rates and fees associated with Shopify Payments based on your selected plan.

View payment rates in your Shopify admin

If you're already a Shopify merchant, then you can access information about the specific rates and fees applicable to your store location and chosen plan.

Steps:

  1. From your Shopify admin, go to Settings > Payments.

  2. In the Shopify Payments section, click Manage.

  3. View the rates that apply to different payment methods.

Tax reporting

As a merchant, you're required to abide by all applicable regulations, including tax reporting. Depending on your jurisdiction, Shopify Payments might also be required to report your sales to the local tax authorities.