Hello I just signed up for the Shopify Balance card and I notice one of the emails sent to me said that my payouts have change which I am fine with but it also talks about Shopify Capital repayments will be taken out of my Balance account too. I am not sure what Shopify Capital repayments is, I have not had to do any repayment from Shopify.
Can anyone help with this please?
Hey, @Christopher_Gon .
Thank you for connecting with us.
I am excited to hear you signed up for Shopify Balance. The email you received explains that if you have a Shopify Capital cash advance or loan, the repayments may be taken out of your Shopify balance account. Shopify Capital offers cash advances and loans to eligible businesses; if you qualify, you will receive an email and see a message on the home page of your admin inviting you to view your available funding options. If you do not currently have a Shopify capital repayment, then you can disregard that message.
Please let me know if you have any further questions! I would love to learn more about your business. What type of products do you sell?
Talk soon,