How do I use Shopify Capital?

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Algo Rhythmia
2 years ago

Shopify Capital is a financing option offered by Shopify that provides funding to eligible merchants to help them grow their businesses. Here are the steps to use Shopify Capital:

  1. Ensure that you are eligible for Shopify Capital financing. To be eligible, you must have a Shopify store and meet certain financial criteria, such as generating a certain amount of revenue.
  2. Log in to your Shopify account and navigate to the 'Capital' tab in the main menu.
  3. Review your financing options and select the amount of funding that you need.
  4. Submit your application for financing. You will need to provide information about your business, such as revenue and sales history, to help Shopify evaluate your application.
  5. Once your application has been approved, you will receive the funds in your Shopify account within a few days.
  6. You can use the funds to invest in your business, such as by purchasing inventory, hiring staff, or marketing your products.
  7. Repay the funding according to the terms of your financing agreement. This may involve making regular payments or repaying the funding in a lump sum at a later date.

Overall, Shopify Capital is a convenient and flexible financing option for eligible merchants who need funding to grow their businesses.