Shopify's help documentation publishes more about Capital eligibility and cost than the "nothing is disclosed" narrative some guides repeat. This checklist uses only what Shopify states on help.shopify.com, read on 15 September 2026, plus what Onramp Funds publishes about its own product.
What Shopify actually publishes
| Question | What Shopify publishes |
|---|---|
| Minimum time selling | Store actively subscribed to a Shopify plan and operational for at least three months, or first sale more than three months ago |
| Minimum revenue | Not published as a number. Eligibility weighs sales volume, frequency of sales days, and order count |
| Countries | Australia, Canada, France, Germany, Ireland, the Netherlands, Spain, the United Kingdom, and the United States |
| Credit check | Not described as a formal credit check. Payment history and failed debits for Shopify Services factor into eligibility |
| Maximum funding | Not published as a hard cap. Offers are customizable to the store |
| Cost (monthly-fee structure) | A fixed monthly fee in addition to daily repayments. Example published by Shopify: a $100,000 loan with a $1,400 monthly fee totals $4,200 in fees repaid over 3 months, or $15,400 over 11 months |
| Cost (fixed-fee structure) | A single factor rate applied to the loan amount. Example published by Shopify: a $100,000 loan at a 13% factor rate costs $13,000 regardless of how quickly it is repaid |
| Repayment | A percentage of daily sales across the Shopify account, online store, retail locations, other sales channels, and connected apps. No payment on days with no sales |
| Maximum term | 18 months, with 30% of the loan due by month 6 and 60% due by month 12 |
| Speed | Review is usually completed within 1 to 3 business days |
| Lender of record (US) | WebBank |
The five minute check
Work through these in order using Shopify's own published requirements.
- Have you been on an active Shopify plan and operating for at least three months, or made your first sale more than three months ago? Below that, nothing else matters.
- Is your account current on Shopify Services billing? Failed debits for Shopify Services factor into eligibility.
- Are you in the US, Canada, the UK, Australia, France, Germany, Ireland, the Netherlands, or Spain? Capital eligibility is limited to merchants in those countries.
- Have you had an email or a Finance page notification? Shopify emails eligible merchants and posts a message on the Finance page of the Shopify admin. Without one, there is no separate application route.
- Can you absorb a percentage of daily sales for up to 18 months, hitting 30% repaid by month 6 and 60% by month 12? That is the real affordability question, not just the eligibility one.
How Shopify decides
Shopify reviews sales performance (sales volume, frequency of sales days, total order count) and account standing (payment history, failed debits for Shopify Services) to determine eligibility and the size of an offer. An eligible merchant is notified by email and on the Finance page. Review of a submitted application is usually completed within 1 to 3 business days. An invitation to apply does not guarantee funding.
What repayment actually costs you
Shopify offers two published cost structures. The monthly-fee structure charges a fixed fee per month on top of daily sales-based repayments. In Shopify's own published example, a $100,000 loan with a $1,400 monthly fee costs $4,200 in total fees if repaid in 3 months, or $15,400 if repaid in 11 months, since the fee accrues for as long as the loan is outstanding. The fixed-fee structure charges a single factor rate on the full loan amount regardless of how quickly it is repaid. Shopify's example: a $100,000 loan at a 13% factor rate costs $13,000 in total, whether repaid in 3 months or 11.
Daily repayment is a percentage of sales across the whole Shopify account, including the online store, retail locations, other sales channels, and connected apps such as Marketplace Connect. No payment is taken on days with no sales. The maximum term is 18 months, and Shopify requires 30% of the loan repaid by month 6 and 60% by month 12.
Model your own offer before accepting it. Export 60 days of daily sales, apply your offer's actual fee structure (monthly-fee or fixed-fee, using your own figures, not the examples above), then rerun the model with sales down 20%. That tells you whether the deduction still leaves you able to buy inventory in a slow month.
Shopify Capital vs Onramp Funds
If you are weighing Shopify Capital against a multi-platform alternative, here is how the two compare on published terms as of September 2026.
| Feature | Shopify Capital | Onramp Funds |
|---|---|---|
| Platforms | Shopify sales only | 9 platforms: Amazon, Shopify, Walmart, BigCommerce, WooCommerce, Squarespace, Shopline, TikTok Shop, Stripe |
| Eligibility | Invite-only, determined by an internal model | Apply anytime: $10,000/mo average sales, 6 months selling history, US entity |
| Personal credit check | Not described as a formal credit check | No personal credit check |
| Cost | Monthly-fee (example: $1,400/mo on $100K) or fixed-fee (example: 13% factor rate on $100K) | Flat fee starting at 9% for shorter terms, disclosed upfront, non-compounding. Price scales with term. Subject to credit eligibility; rates and terms may vary. |
| Repayment | % of daily sales, 30% due by month 6, 60% by month 12, max 18 months | % of daily sales that flexes with revenue, no fixed milestones |
| Underwriting basis | Shopify sales only | Combined sales across all connected platforms |
| Speed | Review usually 1 to 3 business days once you have an offer | Offer typically within about two hours, funds in 1 to 2 business days |
What to do if you don't qualify for Shopify Capital
There is no appeal and no application queue for Shopify Capital. If you have not received an email or a Finance page notification, the practical options are to keep trading and wait for Shopify to reassess, or to look outside the Shopify admin.
Onramp Funds is built for exactly this situation. Unlike Shopify Capital, its criteria are published: a legal US business entity, at least $10,000 in average monthly sales, and at least 6 months of selling history, with no personal credit check required to see your offer. It supports Shopify alongside eight other platforms (Amazon, Walmart, BigCommerce, WooCommerce, Squarespace, Shopline, TikTok Shop, and Stripe), which matters if Shopify is not your only channel, since underwriting is based on combined sales across everywhere you sell rather than Shopify alone.
Onramp's fee is a flat fee starting at 9% for shorter terms, disclosed upfront before you accept, and does not compound. Price scales with the term of the advance. Subject to credit eligibility; rates and terms may vary. Your offer states the exact fee.
See the funding structures or read how underwriting works.
Frequently asked questions
What revenue do I need for Shopify Capital?
Shopify does not publish a specific revenue minimum. Eligibility weighs sales volume, the frequency of sales days, and total order count, alongside account standing.
Can I apply for Shopify Capital directly?
Not without an offer. Shopify emails eligible merchants and posts a message on the Finance page of the Shopify admin. Without one, there is no separate application route.
Does Shopify Capital affect my personal credit?
Shopify's eligibility documentation does not describe a formal credit check. Payment history and failed Shopify Services debits are reviewed as part of eligibility.
How fast is Shopify Capital?
Once you apply against an offer, review is usually completed within 1 to 3 business days.
What does Shopify Capital actually cost?
It depends on the structure. Shopify's published examples: a monthly-fee loan of $100,000 with a $1,400 monthly fee costs $4,200 in fees over 3 months or $15,400 over 11 months. A fixed-fee loan of $100,000 at a 13% factor rate costs $13,000 total, regardless of repayment speed.
Can I get funding without Shopify Capital?
Yes. Onramp Funds does not require an invitation. It publishes its eligibility criteria (at least $10,000 in average monthly sales, 6 months of selling history, US entity, no personal credit check) and supports nine platforms, so multi-platform sellers can qualify on combined revenue rather than Shopify sales alone.
What if my sales fall?
Under Shopify Capital, repayment is a percentage of daily sales, so the amount taken falls with revenue, though the 30%-by-month-6 and 60%-by-month-12 milestones still apply within the 18-month term. Onramp's repayment also flexes with daily sales, without fixed milestone requirements.
Shopify Capital details on this page were read from help.shopify.com on 15 September 2026. Onramp Funds details were read from onrampfunds.com the same day. Terms change without notice, so confirm current figures before applying.
Onramp Funds
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