Shopify has launched Shopify Finance, a unified home for all of its financial solutions for business owners and entrepreneurs. Now, merchants can access Shopify Balance, Shopify Credit, Shopify Capital, Shopify Bill Pay, and Shopify Tax in one place.
Shopify Finance is designed to help merchants focus on growth by reducing the complexity and administrative hassle of managing multiple financial tools in disparate systems. Merchants can now:
- View and manage all business finances from one comprehensive dashboard in the admin.
- Get faster access to their funds and the funding they need via tools like Shopify Capital, Shopify Credit and Shopify Balance.
- Earn APY rewards on money in their Balance accounts, as well as cash back rewards on their Shopify Credit and Shopify Balance cards.
- Repay Shopify Capital and Shopify Credit balances from a percentage of daily sales. Merchants do not need to repay balance on days they do not bring in sales.
- Easily manage sales tax obligations to comply with state, county, and local regulations.
“We wouldn’t be on our way to $10 million in revenue, if not for Shopify Finance,” said Jake Chambers, Co-founder of Pupsentials, in a statement. “After working with multiple financial vendors in the past, it makes a lot more sense to run our business on one platform.”
