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Repay the remaining balance

You can repay any amount over $20 against your loan, or the full remaining balance in one lump sum. The payment is debited from the same business bank account that's associated with your Shopify account.

Steps:

  1. From your Shopify admin, go to Settings > Capital.

  2. Click Make a payment.

  3. Choose the amount that you want to pay:

    • To pay a lump sum, enter the amount in the Custom amount field.

    • To pay the full amount, click Full remaining balance.

  4. Click Next step and review the amount to be repaid.

  5. Click Make a payment.

You will receive a confirmation email when your repayment is complete.

What's included in the repayment?

To calculate the amount that will be repaid to Shopify Capital each day, the daily repayment rate is applied to your store's daily sales revenue.

For the purpose of calculating repayment, your store's daily sales revenue includes every order that was marked as paid that day, regardless of the source of the order, how payment was processed, or whether the order was later refunded or canceled.

Test orders

When calculating repayment, the only orders that are not included in your store's daily sales revenue are test orders that were placed when Shopify Payments was in test mode. If test mode was not enabled when an order was placed, then the order is included in your store's sales revenue when the day's repayment is calculated.

FAQ

Am I eligible for a Shopify Capital loan?

Only stores located in the following US states are eligible for a Shopify Capital loan:

  • Arizona

  • Idaho

  • Illinois

  • Indiana

  • Iowa

  • Kansas

  • Louisiana

  • Maine

  • North Carolina

  • South Carolina

  • Utah

  • Washington

  • Wisconsin

  • Wyoming

What if I haven¡¯t paid back the milestone minimum payback amount after 60 days?

If you don't meet the milestone minimum payback amount by the end of the 60-day period, then the difference between the amount that you've paid and the milestone minimum pay back amount will be debited from your account.

Can I payback my loan quicker than the 12-month term?

The repayment amount is based on a percentage of your daily sales. If you have a strong year in sales, then you can repay your loan before the 12-month term. There is no penalty for repaying your loan before the end of the 12-month term.

How is the fixed borrowing cost of the loan calculated?

The borrowing cost of the loan is a fixed percentage of the loan amount you receive. The borrowing cost of a loan is calculated on an offer-by-offer basis.

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