Linking to bank account to receive money

Hi @nehajuwale

Can you please guide me to link WooCommerce to my bank account so I can transfer money received from the website to the bank?

From what I understand, you’re trying to connect your bank account with WooCommerce so you can easily transfer funds from your website to your bank. Let me walk you through the process.

To accomplish this, you’ll need to leverage a payment gateway. Think of a payment gateway as a digital version of a point-of-sale terminal that you’d find in a physical store or restaurant. It’s a service that approves payments for e-commerce.

WooCommerce is compatible with a variety of payment gateways like PayPal, Stripe, and many more. But to ensure a smooth and integrated experience with WooCommerce, we suggest using WooPayments. It’s our own payment solution specifically designed to work seamlessly with WooCommerce.

Here’s how you can set up WooPayments:

1. Go to Plugins > Add New on your WordPress site.
2. In the search box, type “WooPayments” and hit Enter on your keyboard.
3. One of the first results will be WooPayments by Automattic.
4. Click the Install Now button to begin installation on your site. Once installation is complete, the Install Now button will change to Activate.
5. Click the Activate button. After clicking Activate, you will be taken to the setup page to start creating your account.

After setting up WooPayments, any payments made via your website will be automatically transferred to your connected bank account. For more details on the WooPayments plugin and how to set it up, check out this link: ?? WooPayments: Startup Guide.

I hope this helps! If you have any more questions, feel free to ask.

Hello,
Yes, that is correct. My question was ‘how to link bank account and receive payment

Thank you for providing me with the necessary information, I was able to complete the setup process. I have another question – is it required to fill in bank account details in WooPayments?
If yes, can you please provide a setup guide?
If not, please let me know how will I receive money in the bank once a customer makes a purchase.

Hi @nehajuwale

I was able to complete the setup process. I have another question – is it required to fill in bank account details in WooPayments? If yes, can you please provide a setup guide? If not, please let me know how will I receive money in the bank once a customer makes a purchase.

Thanks for reaching out with your follow-up question! I’m thrilled to know that you’ve successfully set up WooPayments. To answer your question, indeed, you need to input your bank account details into WooPayments. This is the mechanism through which you’ll receive funds in your bank account when a customer purchases from your WooCommerce store.

You initiate the signup process after installing and activating WooPayments. During this process, you’ll connect to your WordPress.com account, provide your business details, and add a bank account. We partner with Stripe for WooPayments, and this process happens through them.

Image Link: https://snipboard.io/xgn7j1.jpg

?? Here’s a handy guide on: WooPayments Signing up

If you need to modify your bank account details, here’s how:

1. Go to Payments > Overview in your WordPress dashboard.
2. Click on the Account Details box, and click the “Edit details” link.
3. You will be taken to connect.stripe.com to log in.
4. Enter the 6-digit code sent to your phone number.
5. In the Stripe Express dashboard, click the person icon in the upper right.
6. In the Payout Details section, click the name of your store.
   • You may see multiple stores listed here if you have more than one site using WooPayments.
7. Click the pencil icon next to your bank account or debit card.
8. Edit or replace your existing information as needed.
9. When you’re done, click Save. Your new payout method will be shown.
10. Click Done.
    • You should see a “Payout details updated” alert box.
    • You may also receive an email and/or an SMS message about the update.
11. Click the sign-out button to sign out of the Stripe Express dashboard.

Once you’ve followed these steps, your new payout method will be updated. You should see a “Payout details updated” alert box, and you might also receive an email and/or an SMS message about the update. ?? Here’s a handy guide on How to change your deposit account information with WooPayments

I hope this clarifies the process for you. If you have any more questions, please feel free to ask.

Hey Tamrat,
Thank you for getting back to me
I am struggling with adding my bank account details on the WooPayments since what I am seeing is different than the one on screenshot you sent.
https://snipboard.io/DYK8J1.jpg

Also, the ‘Finish Setup’ button is not here https://woocommerce.com/document/woopayments/startup-guide/#signing-up is not leading me to point 2 (under the heading ‘Signing Up’ in the article link provided above.
Can you please guide me through?

Hello @nehajuwale,

Also, the ‘Finish Setup’ button is not here https://woocommerce.com/document/woopayments/startup-guide/#signing-up is not leading me to point 2 (under the heading ‘Signing Up’ in the article link provided above.

Could you please attach a full uncroped screenshot of what you see here?

If you don’t already have a screenshot service installed, here are a few free options: 

• https://snipboard.io
• https://skitch.com/
• https://getcloudapp.com/

Also, just a kindly reminder that this forum is for WooCommerce core-related topics, if you have any WooPayment-related questions in the future, please post in the following forum instead: https://www.ads-software.com/support/plugin/woocommerce-payments/

Look forward to hearing back from you.