Did anybody notice the changes in Shopify payout timing? It takes three days for the money to arrive in your bank account, compared to two days before. For my business, this is a major change. I work with different payment processors like Stripe, Wells Fargo, and Authorize, and all of them have a two-day processing time for payments. I have never heard of a three-day processing time before. It is crucial for small businesses, especially right now.
I noticed that . I also noticed the date its going to pay out is missing now. The new payout screen sucks. Maybe they have removed the date so we can’t see it’s changed. But they have made it worse. Also the extra day they are just using our money to hold onto longer.
they need to fix the payout screen
The main issue is their lack of response. I reached out to them, but the representative could not answer any of my questions. She assured me she would escalate the issue to the business operations team, but I never heard back from them. Additionally, I have a problem with Capital Credit; they deducted funds from my account a day before depositing the amount they deducted from. This situation is unfair and needs to be addressed.