The pay-in-full card with flexibility where you need it

Unlike most traditional credit cards that charge monthly interest, allow you to make minimum payments, and carry a balance without a defined repayment due date, a pay-in-full card requires you to pay your statement balance on or before the statement's due date.

Shopify Credit is a pay-in-full business card that requires you to pay your monthly statement in full within 10 calendar months from the end of the statement period, for a fee. If you pay your full balance within the first month of your statement period, there are no fees.

By default, you’re opted into paying the full statement balance within 1 calendar month by an automatic debit from your linked bank account so you can avoid fees and maximize your spending up to your credit limit.

If you need more time, you can change your auto-pay direct debit settings to make daily payments, and take up to 10 months to pay your statement balance for a fee. We’ll automatically debit a percentage of your daily sales as defined in your agreement on each business day after the statement grace period until your balance is paid in full. Both the statement fee and daily payments will be deducted automatically from sales.

You can make manual payments at any time. When you pay your full statement balance before your 10-month repayment due date, you may qualify for a discount on the statement fee. Learn more about payment options.

Each statement period is followed by a one-calendar-month grace period. Similar to traditional credit cards, if you repay your full statement balance within the grace period, you won't pay fees or repay from daily sales.

By default, you’re opted into paying the full statement balance on the last business day of the grace period.

If you’ve opted in to pay your statement balance in full monthly, payments will be debited from your account on the last business day of the month and you are not subject to fees.

If there’s a balance remaining on your statement after the one-month grace period, you’ll be charged a statement fee and make automatic payments from a percentage of your daily sales.

If you have opted to pay over the 10-month repayment period, you must pay the full statement balance within 10 months or a 2% monthly late fee will apply to your past-due balance.

Yes. We include a statement fee with each monthly statement that’s generated. The statement fee is calculated based on your total new spend during a statement period, and the statement fee rate as defined in your agreement. The total amount you’ll need to repay during the 10-month repayment period, known as your statement balance, is equal to your total new spend during a statement period plus the statement fee. The full statement balance will be debited from a percentage of your daily sales. You can make manual payments at any time.

If you pay your statement balance in full before the 10-month due date, you may be eligible for a statement fee discount. You can view your agreement terms and available discounts at any time in your Credit account in the Shopify admin.

Paying your statement balance in full before it’s due date may qualify you for a discount on your statement fee. You can reference this discount at any time from your Credit account in the Shopify admin.

Statement fees are applied after a statement’s grace period ends and are expressed as a flat dollar amount. However, the effective annual percentage rate (APR) on your statement balance won’t exceed the rate as defined in your agreement if you pay the full statement balance within 10 months. This means that even though you are charged the statement fee upfront, if you repay your statement balance in full within 3 months, you will qualify for a discount so that the maximum effective APR you pay is the rate defined in your agreement. You can visit your Shopify admin to view available discounts.

Shopify Credit has no setup fees, annual fees, foreign transaction fees, card replacement fees, or fees for additional cards.

In addition to the statement fee, your statement balance is subject to a 2% monthly late fee on any past-due balances if you fail to pay your balance in full by the 10 repayment due date. To avoid a monthly late fee, you can make a manual payment if your daily sales are insufficient to repay in full within 10 months.

Shopify Credit is available to eligible Shopify merchants. Log in to check your eligibility. Most merchants with an offer to apply for Shopify Credit will see a decision in minutes. Offers to apply are not a guarantee that your application will be approved.

If you started the application process for or currently have Shopify Capital funding, you are not eligible to apply for Shopify Credit at this time. Learn more about Shopify Credit requirements.

Accepting an offer from Shopify Credit does not disqualify you from receiving an offer from Capital, but accepting one of these offers may influence the terms or availability of others. We continuously review your business to ensure our products remain suitable and beneficial.

Offers are generated and recalculated on a daily basis. If you apply for Shopify Credit, existing Capital offers will be regenerated depending on eligibility. If you already have a pending application or funding with Shopify Capital, then you will not be eligible for Shopify Credit offers. Eligibility for Shopify Credit and Shopify Capital is never guaranteed.

If your Shopify Credit account has an overdue balance or otherwise doesn’t comply with the Shopify Credit Issuing Bank Terms or the Shopify Credit Program Terms, then you will not be eligible for Shopify Capital offers and any active Shopify Capital funding will become immediately due. Learn more.