ACCEPTING BANK DEPOSITS ON SHOPIFY – Shopify Drop Shipping Tutorial
Is it a good idea to accept bank deposits on your Shopify store? I’m going to discuss this in this post.
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Accepting Bank Deposits On Shopify, Good Idea?
The answer is really simple : NO. I have tested it on plenty of my stores, I talked to a bunch of people that tried it on their stores and they all came to the same conclusion : this is not a good idea. You’re going to lose money.
First of all, about 98% of the people out there have a credit card…And most of the people also have a Paypal account…So If someone needs to pay with bank deposit, there is probably something wrong with them.
Chances are high that they will try to scam you. I tested this on multiples of my stores and the conclusion is pretty clear: I always lost money when I accepted bank deposits.
Think about it this way: even if some of these people that are asking you to do a bank deposit ARE NOT TRYING TO SCAM YOU, it is STILL TOO RISKY and you should still not accept them.
I prefer losing a little bit of money on those that were not trying to scam me than losing A LOT OF MONEY by starting to accept bank deposits…Makes sense?
This is the kind of risk that you don’t want to take…And trust me, you don’t need to accept bank deposits to make a lot of money! Again, only a really small % of the people want to pay with this and out of this small %, a huge numbers are trying to scam you.
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Please leave a comment below or let me know any questions you have. I’d love to hear what you think!