Why Should You Connect Your Shopify Shop To Your Local Business Bank?

Why should you connect your Shopify shopping website to your local business bank? How to connect my Shopify shop to a local bank? I’m pretty sure that these questions have popped into your head quite often. And you may still be looking for an answer to this question! Why am I saying this? Well, I am not a mind reader, but if you are reading this blog, chances are that you desperately want to know if your Shopify shop can be connected to a local bank, and in the same way, learn how to connect it.  Nothing to be embarrassed about. One of the mistakes that online business owners make when building a website is that they do not check if the website can integrate a payment gateway that collects payment online and in local currency. But why do businesses need to connect their Shopify shop to a local bank? How to connect it? In this blog, I will attempt to answer these often asked questions, and as a bonus explain how Appletree can help you to sell online and collect local payments.

Why do businesses need to connect their Shopify shop to a local bank?

As a business, each and every small profit matters especially if it can help lower the price of your products online to generate more sales. Having a Shopify shop is convenient especially when you don’t have to stress out about the payment options or getting your merchant ID. But what if I tell you that not connecting your website payment system to your local bank is the biggest mistake you might be making? You are actually paying more than you think. Did it occur to you that there are 3 types of hidden fees that you are paying when not connecting your Shopify shop to your local bank? First, there’s a sale commission fee that you pay to Shopify directly when a transaction occurs, else how would they benefit from you having a shopping website on their platform?! Secondly, there is a commission fee that you are paying to the payment provider. Let’s make it simple. Shopify gives you the possibility to create a shopping website by connecting it to their proposed payment solution providers for transactions. 

There is a list of payment solution providers on Shopify such as PayPal, Stripe, 2Checkout, and many others listed as third-party gateway. So in other words, when a transaction occurs, not only do you pay a hidden fee to Shopify but you pay that also to the payment provider. That is two hidden fees already.  Now, the fact that your website is connected to a payment service provider’s payment system when a transaction occurs, the money is credited directly to the provider’s account first. They store the transaction before transferring it to your bank account, this is how they normally proceed. By doing so, there comes another fee that is applicable which is known as Forex fees. Given the provider is from another country,  they may receive the payment your customer made in another currency and when they send it back to your local currency, a forex fee becomes applicable which is deducted again when the money reaches your bank account. You must be thinking that it’s a lot already, well bad news, you’re paying all these already without even knowing it! 

There are more reasons why you should really consider connecting your Shopify account to your local business bank account. Receiving online payments and being able to withdraw that payment instantly to pay your suppliers or to continue purchasing products to keep your stock is really important for you. What if we tell you that with Shopify you cannot cash out the money each week and at times even each month. Don’t get me wrong, I’m not criticizing Shopify’s way of working, but like with every other platform, Shopify also has its own limitations. While Shopify may work for some business models and needs, it might not be the case for you or others. If you are the type of business that needs to cash out the money received each week then connecting your Shopify shop to your local bank should be your call. Another thing that might come as a surprise for you, especially if you are a small business or merchant struggling to make sales, you need to know that until your bank account is credited with a minimum of $1000, you cannot withdraw the money. Yes, whether you agree with this or not, this is how Shopify proceeds. If a business makes between $500 to $1000 daily, cashing out is not going to be a problem but what about smaller merchants. These cash-out limits make returns and refunds even harder which is important when it comes to guaranteeing customers trust, satisfaction, and increasing customer loyalty.

Connect Shopify To Local Banks: How Does It Work?

Whether you have just started an online shop, or you are already running one, you need a local system in order to accept payments online from your customer’s local currency. If you are an established online business owner, I guess that you are already aware of this! Setting up a payment gateway that enables your customers to pay in local currency is one of the first and most important steps. Yes, it may be a frustrating experience to connect your Shopify shop to a local bank as it involves some complex and time-consuming procedures. While it is the bank’s role to assist you in this procedure and facilitate this link, if you do not receive the right counsel and assistance, you may find yourself at a dead-end! One key step is to get in touch with an acquiring bank(a bank or financial institution that processes card payments on behalf of a merchant) so that you can obtain a merchant account allowing card activity to be processed. Again comes the famous question – how can I connect my Shopify shop to a local business bank? Well, you will be required to produce some documentation to the bank, and from there, the process will be initiated, and if all your documentation is correct, everything should work out for you.

How Can Appletree Help You With That?

At Appletree, we work with all of the Mauritian acquiring banks Absa, Bank One, Cim Finance, MCB, and SBM, making the integration of your website to the bank’s gateway seamless. Yes, we have plugins that enable connections to various e-commerce platforms making it easier to sell online. We fully understand that liaising directly with the bank can be stressful, this is why we can act as a facilitator to help you with all documentation. Here are ways how we can assist you:

  • We provide full customization of your payment page so it looks like your website rather than a bank’s payment portal.
  • We provide an added layer of security with our Level 1 PCI Compliance.
  • We hold your hand throughout the administration process, helping you complete all of the necessary forms and documentation.


To sum up, with Shopify, you have no control over withdrawal, no control over your account, and no control over returns and refunds. For the case of small merchants, Shopify may not be the best option out there. The ideal solution is to connect your Shopify shop to a local bank. At Appletree, we operate differently when connecting your Shopify shop to your local bank by lessening the added or hidden fees that you are paying. Get in touch with us for a free consultation, our team of experts will guide you on the best options for your business.


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