What are the merchant fees for Shopify Installments?

57674564
Tourist
11 0 3

Free to consumers, what is the cost to merchants?

TyW
Community Manager
Community Manager
541 38 917

Hi @57674564, thanks for your question!

Regarding Shop Pay installments, an additional fee will be deducted from your payout when a customer pays using installments. We're still figuring out what exactly that will look like, so we wouldn't be able to share specifics just yet. I'd suggest signing up for the waitlist here, as more details will be shared with merchants as it becomes available. Thanks!

TyW | Online Community Manager @ Shopify 
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Chaim
Tourist
4 0 1

"Get the full purchase amount (less fees) upfront. Don't worry about collecting future payments from your customers." 

57674564
Tourist
11 0 3

Your other Shopify community manager Brie, says it will introduce new fees:

 

https://community.shopify.com/c/Shopify-Reunite/Fees-for-new-features/m-p/747412#M71

TyW
Community Manager
Community Manager
541 38 917

I just updated my responce and sent you a update notice as I was incorrect, apologies for the confusion. 

TyW | Online Community Manager @ Shopify 
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57674564
Tourist
11 0 3

I like your original response better. Can we go with that? :) 

Gemstone_Organi
Tourist
5 0 1

Hi Ty,

 

What is the estimated roll out date? Should I work with another company until this one is ready? Don't want to wait till next year.

 

Thanks, Debra

TyW
Community Manager
Community Manager
541 38 917

Thanks for your understanding @57674564! I think I need to take a break as multi-tasking got the better of me there. 

 


@Gemstone_Organi wrote:

Hi Ty,

 

What is the estimated roll out date? Should I work with another company until this one is ready? Don't want to wait till next year.

 

Thanks, Debra


Hi @Gemstone_Organi, I'm unable to provide a specific timeframe beyond it will be available later this year. Thanks! 

TyW | Online Community Manager @ Shopify 
 - Was my reply helpful? Click Like to let me know! 
 - Was your question answered? Mark it as an Accepted Solution
 - To learn more visit the Shopify Help Center or the Shopify Blog

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