What are the merchant fees for Shopify Installments?

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Tourist
10 0 3

Free to consumers, what is the cost to merchants?

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Community Manager
Community Manager
440 21 500

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 | Community Manager @ Shopify
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Tourist
4 0 1

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

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Tourist
10 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

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

TyW | Community Manager @ Shopify
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Tourist
10 0 3

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

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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

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Community Manager
Community Manager
440 21 500

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 | Community Manager @ Shopify
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