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Is Shopify Capital a Good Deal?

Last updated on October 2, 2022 @ 4:22 am

Shopify Capital is a financing program that provides Shopify merchants with quick and easy access to funding. In exchange for an upfront fee, Shopify Capital provides merchants with a line of credit that can be used to purchase inventory, pay for marketing campaigns, or cover other business expenses.

PRO TIP: Shopify Capital is a great deal for those who are looking to get their feet wet in the world of online retail. However, there are a few things to be aware of before signing up. First, Shopify Capital is not a traditional lender. They are a merchant cash advance provider, which means that they will provide you with funds based on your future sales. This can be a great option for those who are just starting out, but it is important to remember that you will be paying back the funds with interest. Secondly, Shopify Capital is only available to US-based merchants. If you are based outside of the US, you will not be able to apply for funding through them. Lastly, it is important to read the terms and conditions of the funding agreement carefully before signing anything. This will ensure that you understand all of the fees and repayments associated with the funding.

Shopify Capital is a good deal for merchants who need access to quick and easy financing. The program provides merchants with a line of credit that can be used to cover business expenses, and the upfront fee is relatively low.

However, Shopify Capital is not a good deal for all merchants. Those who do not need access to financing, or who can get financing at a lower interest rate, may want to avoid the program.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.