Has there been anything discussed about this? I’m going on 2 years with Shopify and lately the payouts are getting out of hand. Especially if you have a loan because if the funds aren’t there when the “loan payments” process they fail and it goes against you. Also, when you are selling in bigger quantities and want to ship ASAP sometimes you can’t because you are waiting for funds to pay for the shipping you collect.
I switched from Square to Shopify 2 years ago, but I’m seriously thinking of not renewing with Shopify come March when my subscription is up. Square pays immediately, so if you have a Square debit card you have access to funds from sales within 5 mins of online or in person sales. I don’t really understand why Shopify takes so long, unless you just want the interested on our funds. I mean I just use the Shopify card for everything and it’s not even going into my bank account, so really there is no reason for the delay.
Can someone tell me if this will change soon? If nobody knows or there are no plans to fund quicker, then I will switch back to Square. It’s embarrassing to tell your customers your turn around time is 1 to 2 business days and then funds take 4 or 5 days to load even to the Shopify card. I end up just using a business credit card for it, but I shouldn’t have too as it’s for emergencies only.