How do I check my Shopify Capital balance?

How do I check my Shopify Capital balance?

After receiving your merchant cash advance, you can track the remaining balance of your total to pay back, or remit, in your Shopify admin by going to Settings > Capital. From the Capital page, you can view: the remaining balance.

How do you pay Shopify Capital back?


  1. From your Shopify admin, go to Settings > Capital.
  2. Click Make a payment.
  3. Choose the amount that you want to pay:

Does Shopify Capital charge interest?

Shopify Capital does not charge a simple interest rate. Based on the examples provided on their website, they charge a factor rate of 1.1 or 1.13. Repayment rates average 10%. Your factor rate and repayment rate will depend on your Shopify sales history and risk profile.

How long does it take to get Shopify Capital?

If you’re eligible for funding from Shopify Capital, then you’ll see a pre-qualified amount in your Shopify admin. If you click to apply, then it typically takes 2-5 business days for your application to be processed.

Where is Shopify Capital available?

Shopify Capital loans are currently limited to Shopify stores located in select US states, while Shopify Capital merchant cash advances are available in all remaining US states, Canada, and the United Kingdom.

What is a factor rate when discussing Shopify Capital?

Shopify offers two types of funding — merchant cash advances and loans. Shopify Capital charges a fixed fee (factor rate) on its financings. On a merchant cash advance for example, it purchases $10,000 of a merchant’s future receivables in exchange for a promise to remit $10,900 of their future sales.

Is Shopify Capital good?

Shopify Capital is still in its infancy. Although some have expressed trepidation, reception thus far has been positive overall. Although especially creditworthy borrowers might be able to find better rates elsewhere, Shopify Capital’s rates and fees are relatively low-cost and competitive with similar funders.

What makes you eligible for Shopify Capital?

Currently, the main criteria for eligibility include: Your store is located in the United States, Canada, or the United Kingdom. Your business has a low risk profile. Your store has Shopify Payments or another third-party payment provider enabled.

How do you get approved for Shopify capital?

Currently, the main criteria for eligibility include:

  1. Your store is located in the United States, Canada, or the United Kingdom.
  2. Your business has a low risk profile.
  3. Your store has Shopify Payments or another third-party payment provider enabled.
  4. Your store processes a certain amount of sales.

What is a factor rate when discussing Shopify capital?

What makes you eligible for Shopify capital?

How do I ship on Shopify?

How to ship with Shopify Shipping

  1. Select the order(s) you want to fulfill.
  2. Add package details and select carrier.
  3. Review and print labels.
  4. Affix labels to packages.
  5. Drop them off at the carrier or dropbox or schedule a pickup in the admin (UPS,DHL Express, and Sendle only)

What is Shopify balance?

Shopify Balance is composed of three products: a bank account, card, and rewards program for Shopify merchants. According to Shopify, the goal behind Balance is to provide financial services that are built specifically for independent businesses and entrepreneurs.

Do you need a credit card for a Shopify trial?

So you would need a valid credit card in order to continue using the platform after the 14 day free trial. That said, this is only necessary for your monthly payments to Shopify, if you find a third party domain provider that lets you purchase a custom domain without a credit card, you can use that.

Is Shopify shipping good?

Shopify now offers its own shipping software that’s totally free to use and already built into every Shopify account! This service is called Shopify Shipping, and it is an excellent option for many Shopify users who are looking for an easy way to manage their order fulfillment.

Why is Shopify charging me for shipping?

Reasons for price adjustments If your carrier determines that your shipment needs a price adjustment, then the adjustment appears in the order’s timeline. You’ll receive a charge or credit to your Shopify account, which will appear on your next bill.

Can I pay with debit card on Shopify?

You can pay for your Shopify bills (one-time or recurring) by using PayPal or a valid credit card from Mastercard, Visa, or American Express. At this time, you can’t use debit cards to pay for Shopify.

How much does it cost to run a Shopify store?

Show plan features Hide plan features

Plan feature Basic Shopify Advanced Shopify
Monthly price $29$29 per month USD /mo $299$299 per month USD /mo
Online Store Includes ecommerce website and blog. Yes Yes
Unlimited products Yes Yes

Is Shopify still free for 90 days?

90-Day Free Trial Is No Longer Available. Shopify is one of the world’s fastest-growing eCommerce platforms with more than a million merchants using it. If you’re thinking about launching a website to sell your products, then you’ve come to the right place.

Will Shopify ship for you?

Shopify doesn’t handle shipping for you, but Shopify Shipping does make getting products to your customers much easier. However, you still have to pay shipping rates and fees. Luckily, popular shipping carriers, like USPS and UPS, have a partnership with Shopify and offer merchants discounted shipping rates.

Shopify Capital does not charge interest rates. So if you borrow $10,000, Shopify will collect a total of either $11,000 ($10,000 x 1.1) or $11,300 ($10,000 x 1.13). Instead of paying a fixed sum each day or month, Shopify collects its cut by deducting a percentage of your revenue each day.

How do you get approved for Shopify Capital?

How long does it take to be approved for Shopify Capital?

How big is Shopify Capital?

Shopify Capital funding totals somewhere between $200 and $1,000,000 USD, though it’s typically on the lower end of that range. In Q4 2019, Shopify Capital issued $115.9 million in merchant cash advances and loans, 61% more than Q4 2018.

What is a factor rate Shopify?

Factor or factor rate. The number that the amount received multiplies by to determine the total to remit. Fixed borrowing cost. The fee for obtaining a Shopify Capital loan.

Does Shopify Capital do a credit check?

Application + Funding: If you see an offer in your account, it means you meet Shopify Capital’s minimum requirements. You’ll then have to complete a simple application to get final approval. Your credit will not be checked as part of this application.

How much money can you get with Shopify capital?

Currently, Shopify Capital is offering funding amounts ranging anywhere from $200, to $1,000,000 USD. However, Shopify will need to examine your business and decide how much you can apply for. Getting a Shopify Merchant Cash Advance is quite different to getting a Shopify Loans.

How long does Shopify capital advance stay valid?

On the other hand, Shopify Capital advances are available in all US states, and Canada. If you do get a message from Shopify saying you can access capital, then your amount will remain valid and available for 30 days. However, Shopify constantly re-assesses merchants to see whether they might be more or less of a risk.

What do you need to know about Shopify?

Shopify is widely renowned as one of the most popular eCommerce store builders in the world. With this website-building service, you can create a lucrative presence online, complete with everything you need to generate amazing cash flow.