I have a Shopify loan and I was able to turn off shoppay installments. I was paranoid too those would be affected.
Topic summary
Impact of Silicon Valley Bank (SVB) shutdown on Shopify payouts and loans is the central focus. Merchants ask if they should disable Shopify Payments and whether payouts will be held.
Official guidance (via Shopify Support and a linked FAQ marked as the solution): payout functionality for Shopify Payments and Shop Pay Installments is not impacted. Merchants with an SVB bank account on file have payouts temporarily paused; update the bank account to resume, with funds held in the Shopify Payments balance meanwhile.
Mixed merchant reports: some non-SVB users saw “pending” or held payouts; others received payouts normally. Requests for a broader, official statement were addressed with the FAQ link.
Shopify Capital: several note repayments appear paused and worry about future cash advance availability. An email reduced the repayment completion threshold from 85% to 65% to apply for new funding (effective Mar 13); motives debated. Conflicting experiences on whether Shop Pay can be disabled when a loan is active; a screenshot was shared.
Workarounds: some route payments to PayPal by leaving only “Diners Club” enabled. Rumors about other platforms (e.g., Etsy) pausing payouts are unverified. Status: partly clarified, monitoring ongoing; key action is updating bank details if tied to SVB.