Why a Wyoming LLC fixes the Shopify Payments problem
Shopify Payments runs on Stripe under the hood. Stripe only operates in a list of supported countries. So if you live in an unsupported country, you cannot link Shopify Payments to your local bank. The default workaround is PayPal Express, which is more expensive and pays out slower.
A Wyoming LLC with an EIN and a US business bank gives you a US-registered identity inside Shopify. You then enable Shopify Payments, which routes through Stripe US, and your payouts land in Mercury or Relay in USD. Total setup time: about 3 to 4 weeks from order to first payout.
And once you are inside the US ecosystem, you also unlock Shop Pay (Shopify's accelerated checkout), Shop Pay Installments (BNPL for US customers), and the full Shopify Fraud Protect tooling.
The Shopify stack after Wyoming LLC formation
Your stack post-formation needs to connect Shopify to the LLC's US identity, link Stripe US through Shopify Payments, and route deposits to Mercury or Relay.
- Wyoming LLC formed under Title 17, Chapter 29 ($397, 24 hours)
- EIN via IRS Form SS-4 (8 to 10 business days)
- Mercury business bank for Shopify Payments deposits
- Shopify store re-registered as US business with the LLC name and EIN
- Shopify Payments enabled (routes through Stripe US automatically)
- Shop Pay and Shop Pay Installments enabled for accelerated checkout
- Optional: separate Stripe account for non-Shopify revenue (subscription products, course offers)
- Form 5472 + pro forma 1120 filed annually ($99 add-on)
How US tax works on Shopify revenue
Shopify revenue from US customers is generally not Effectively Connected Income for a non-resident pass-through LLC. So US federal income tax owed is typically zero. You do file Form 5472 + pro forma 1120 every year regardless. Missing it costs $25,000.
Sales tax is the other layer. Most US states have economic nexus thresholds at $100K sales or 200 transactions per year per state. Once you cross those thresholds in a given state, you owe sales tax registration in that state. Shopify Tax (built-in) helps track and collect, but you handle the registration.
If your fulfillment uses US warehouses (ShipBob, Easyship US), you may create ECI through US physical presence. Global fulfillment (AliExpress, CJ, drop-ship via global partners) typically avoids ECI exposure.
Running multiple Shopify stores under one LLC
Many sellers we onboard run 3 to 8 Shopify stores under one Wyoming LLC. Each store has its own brand, niche, and product line. They share the legal entity and the US business identity for Shopify Payments.
The benefit is one formation cost, one annual maintenance, and one tax filing for all stores. The downside is shared liability across stores. If one store gets a chargeback dispute or legal complaint, the LLC absorbs it.
For most multi-store setups, this is fine. The LLC structure already protects your personal assets. Separate LLCs only matter if you want one store walled off from the others (e.g. a high-risk niche separated from your main brand).
Banking for Shopify sellers
Mercury is the default primary bank for Shopify sellers. Shopify Payments deposits ACH to your linked US bank, and Mercury handles ACH deposits at no fee. Approval rate for Shopify profiles in our intake sits at roughly 75% for clean business descriptions.
Relay is the alternative if you want sub-accounts (separate Mercury accounts per store, or per spending category). 20 sub-accounts under one LLC. Useful for multi-store sellers who want to track P&L separately per brand.
Wise Business is the fallback. Approval at 95% but limited Shop Pay integration since Wise is not a chartered US bank (custodial structure). Use Wise for cross-border supplier payments rather than as the primary Shopify deposit account.
Common Shopify seller mistakes with Wyoming LLCs
- Forgetting to re-register Shopify as a US business after forming the LLC (Shopify Payments stays unavailable until you do)
- Linking Shopify Payments to a personal bank account instead of the LLC bank (kills liability protection)
- Skipping Form 5472 because Shopify Payments handles tax (it does not, that is a different layer)
- Running multiple stores under personal accounts instead of consolidating into the LLC
- Vague business description on the Mercury application (Shopify-specific specifics help approval)
- Not enabling Shopify Tax or sales tax tracking for US-state nexus monitoring
- Choosing Delaware on YouTube guru advice when Wyoming saves $300+ per year
What is included for Shopify sellers at $397
- Wyoming LLC formation under Title 17, Chapter 29 within 24 hours
- Wyoming registered agent for year 1
- Custom operating agreement tuned for single-member or multi-member e-commerce
- EIN via IRS Form SS-4 (no SSN required)
- Direct introductions to Mercury, Relay, and Wise Business with Shopify-specific business description coaching
- Document delivery as searchable PDFs
- WhatsApp and email support across NYC and Dhaka time zones
- Form W-8BEN-E guidance for Stripe and Shopify Payments treaty claims