My Shopify Capital horror story

Pamela_Gormley
New Member
14 0 0

I have a store that has done well for 3 years.

 

So got a Shopify Capital loan a few months ago.

 

In October I got into a car accident. I was badly hurt. Dislocated foot, open knee wound, busted bowels, broken ribs, broken arm and a broken neck. I had two major surgeries and spend 3 weeks in ICU and another 2 weeks on the ward.

 

As you can imagine I had a lot of angry customers after 5 weeks of no response or sending of orders. When I got home I was still not able to work. No energy, sick all the time, bladder infections..etc.

 

I tried to get as much work as I could done to try sort out the mess, but I just wasn't well enough. So I received a lot of chargebacks.

 

I'm now feeling somewhat better and now able to work again, but I get an email to say my payments are on hold. I just thought, I'll sort all this mess out and they will surely release payments if I explain.

 

While I'm working on sorting the orders and customer care I get an email to say I can no longer use Shopify payments

 

I get payments with PayPal, but because of my being absent they have a 30% rolling reserve.

I'm getting orders but not receiving any money, and to top it off Shopify Capital are still taking their money daily from mv account!!

 

I'm now on benefits and Shopify Capital are eating into my benefits. I can't fulfill the orders with no money.

 

I've spoken to Shopify support 5 days ago and I still haven't got a resolution from them. While they are still taking the Shopify Capital money from my account.

 

If I could add a third party payment provider I could start making money again and take it from there. I love this business so much I don't want to see it destroyed.

 

Anyone have any suggestions?

Reply 1 (1)

Skye
Shopify Staff
1070 96 191

Hi, @Pamela_Gormley

 

First, I want to express my sincerest empathy for the awful car accident you experienced. I hope you have/had a speedy recovery. 

 

Unfortunately, however, if your store remains active while you go through personal issues, you are still responsible for the orders that are placed with your business. In these situations, we recommend you have a friend log in to your account and enable your password page and pause your store while you recover. If you wish to continue your business it's best to delegate these tasks to a trusted family member or friend. 

 

In regards to your Shopify Capital, my advice would depend on what capital product you have. Do you have a cash advance? Or perhaps a loan? The terms of repayment differ between products. For example, if you have a Merchant Cash Advance you will only remit a portion of your sales each day. If you don't have any sales, there is no remittance. 

 

You should, however, be able to enable a third-party gateway moving forward. For a list of available gateways that work with Shopify, you can refer to this document

Skye | Social Care @ Shopify
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