Shopify Capital: how it works, what it costs and who qualifies

What is Shopify Capital?

Shopify Capital is funding repaid from your sales, and where your business is based decides whether you get a loan or a cash advance. A loan is money you owe and pay back with a fee. A merchant cash advance sells part of your future sales for cash now.

In the US, every loan is issued by WebBank. The UK, Irish, Dutch and Spanish cash advances go through YouLend. In France, loans come from Banking Circle with YouLend.

Your store's currency has to match the country: US dollars in the US, pounds in the UK, Australian dollars in Australia, US or Canadian dollars in Canada and euros in the other five, as Shopify's eligibility page sets out.

How does Shopify Capital work?

Shopify makes the offer, you pick an amount, and a fixed share of each day's sales pays it back.

1. An offer arrives. Shopify sends an email and posts a message on your Finance page.
2. You pick an amount. On the Finance page, click "Capital" in the Accounts section, the list of your money accounts. In the US you first choose the fixed-fee or the monthly-fee plan. Then pick one of the offers or type your own amount. The fee and the daily share move with the amount, and you can't change the amount once you apply.
3. You apply. Verify your identity, read the loan agreement and submit it.
4. Shopify reviews it. That usually takes 1 to 3 business days.
5. The money lands. It goes to your business bank account. The daily share starts within two business days.

These are Shopify's own steps for a US loan, as its Help Center lists them.

A second offer can come before the first one is repaid. Its repayments wait until the first is done.

How much does Shopify Capital cost?

You see the fee before you sign, and it never compounds like interest. In the US you pick one of two plans, and only one of them gets cheaper when you repay faster.

The fee alone in Shopify's examples for a $100,000 loan, in USD. Checked November 9, 2026, on Shopify's Help Center.

On the fixed fee, paying early does not cut the cost. Shopify's US page says the cost of funds stays the same even if you clear the whole balance. On the monthly fee, every month you finish sooner is a fee you skip. The first monthly fee is charged on the day the funding is confirmed.

A cash advance costs one set amount, like the fixed fee. In Shopify's UK example, you get £5,000 and pay back £5,650, at 10% of gross daily sales. The Irish, Dutch and Spanish pages use the same figures in euros. Your own fee and share depend on your risk profile, and Shopify publishes no standard rate.

The daily share comes from every order marked paid that day, with shipping, handling and tax included. Sales from other channels and apps count too, such as Shopify Marketplace Connect and Shopify Collective, and test orders do not. An order you refund or cancel later still counts, so you can repay a share of money you have already handed back.

Who is eligible for Shopify Capital?

A store in one of nine countries, open at least three months, with steady sales and a clean record with Shopify. Shopify checks every store on its own and keeps checking. It weighs these:

• Ownership. Only the store owner can apply.
• Location. The business and its bank account must be in one of the nine countries. For a loan, the person named on your Shopify Payments account must live there too.
• Age. The store has been active on a plan for at least three months, or made its first sale more than three months ago.
• Business type. Trusts and partnerships are not supported.
• Sales. Shopify says sales performance is the main factor.
• Your record. Disputes, returns, chargebacks and a reserve on your payouts all count, and so do failed payments of Shopify bills, Shopify Credit included.
• Products. Some products rule your store out whatever their legal status, cannabis and drug paraphernalia among them.
• A store for sale. Listing the store on Shopify Exchange, or selling it there recently, makes it ineligible.

Shopify also looks at how you use its platform, your payment providers, your payout schedule and whether you follow its terms. No email and no message on the Finance page means no offer today. There is no form to ask for one.

What happens to Shopify Capital if your sales drop?

A day with no sales takes no payment, but a loan still has to be paid off within 18 months. Shopify also checks a loan twice along the way. You need about 30% repaid by month 6 and 60% by month 12. Missing either check can put the loan in default under its agreement. If sales slow, Shopify suggests watching the balance and making a manual payment.

A made-up example. You borrow $10,000 on a 13% fixed fee and owe $11,300, at 10% of daily sales. Selling $1,000 a day, you finish in under four months. Drop to $150 a day and you repay $15 a day, about $2,730 by month 6. That falls short of the first check, so you would need a manual payment.

A cash advance has no deadline to finish. Paused or failed payments can still put it in default.

Repayment timing changed on March 9, 2026. New US loans now come out of your Shopify Payments balance, so the repayment no longer leaves your bank before the payout arrives. Shopify tries the balance several times before it debits your bank, and your payout details list the repayment under "Adjustments". Loans accepted before that date keep their bank debits. In Texas the change began on September 1, 2025, with no bank debit if the balance attempts fail.

Why did my Shopify Capital offer disappear or shrink?

Shopify recalculates offers every day, so an offer can grow, shrink or vanish. Shopify says an offer can expire without notice. After you apply, the review can lower the amount, and a lower amount can come with a different share of sales. You then apply again for the revised offer.

Paying a balance off early does not by itself qualify you for more, Shopify says. Shopify Credit can also cost you a Capital offer. A late Credit account rules your store out, and breaking Credit's terms can make open Capital funding due at once.

Some US stores may also see a Capital flex account, or a Capital account in the Shopify Balance app. Both are in early access.

Shopify Capital or a bank loan?

Capital follows the sales that already run through Shopify. A bank loan usually follows a fixed payment schedule.

The no-credit-check line comes from Shopify's Capital page, which also promises no effect on your personal credit score. The Help Center still asks you to verify your identity, and some offers ask for financial documents. In the US the security covers business assets, never your personal property. A UCC-1 statement may also be filed, a public notice of the lender's claim on those assets.

What changes while you owe Shopify Capital?

While a balance is open you can't switch off Shopify Payments or transfer your store. Moving your main payment provider to another company is restricted until the total is repaid. If you already use a third-party provider, you can change it at any time.

Selling the store waits as well. Shopify's ownership transfer page says a transfer cannot go through while you use Capital or Shopify Credit. Changing your bank account follows your country's rules, and in the UK it goes through Shopify Support.