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Where Do WooCommerce Payments Go?

Last updated on October 2, 2022 @ 12:32 am

If you’re running an online store, chances are you’re using WooCommerce. When it comes to payments, WooCommerce gives you a few options.

In this article, we’ll go over where your WooCommerce payments go and how you can manage them.

When you set up WooCommerce, you’ll need to choose a payment gateway. This is the service that will actually process your payments.

There are a few different options to choose from, but the most popular is PayPal. You can also use Stripe, which is a popular option for online stores. Once you’ve chosen your payment gateway, you’ll need to set up your account with them.

Once your account is set up, you’ll need to add your payment information. This includes your credit card or bank account information.

You’ll also need to add your billing address and shipping address. Once all of this information is added, you’re ready to start processing payments.

PRO TIP: Please be aware that WooCommerce Payments may send your payment information to unknown and potentially unsafe third-party locations. We recommend that you only use WooCommerce Payments if you trust the company and its security measures.

When a customer makes a purchase on your site, they’ll enter their payment information into the checkout form. This information will then be sent to your payment gateway.

The gateway will then process the payment and send the money to your bank account. You can then use this money to pay for your own business expenses or withdraw it as cash.

You can also choose to have your payments deposited into a separate account from your main bank account. This is called a merchant account. Having a merchant account can be helpful if you want to keep track of your business expenses separately from your personal expenses.

WooCommerce gives you a lot of flexibility when it comes to payments. You can choose which payment gateway you want to use and how you want to receive your payments. You can also set up a merchant account if you want to keep track of your business expenses separately.

Where Do WooCommerce Payments Go?

WooCommerce Payments go directly into the Payment Gateway that the store owner has chosen and set up an account with.

The 3 most popular choices are PayPal, Stripe, and Square. After the customer enters their payment information into the checkout form on the website, the gateway processes the payment and sends the funds either into the store owner’s bank account or into a separate merchant account if one has been set up.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.