How we picked
Filtered to funders with direct Shopify integration or e-commerce-native underwriting. Shopify Capital ranked first because the embedded offer is almost always the cheapest fully-integrated option for stores doing 90%+ of revenue through Shopify checkout. RBF specialists (Wayflyer, Clearco) ranked next for stores that need bigger advances than Shopify Capital offers or want ad-spend ring-fencing. PayPal and Square included for omnichannel merchants whose Shopify revenue is only part of the picture. Generalist MCA (Fora Financial, Credibly) included only as a fallback for merchants who've been declined by platform lenders or need same-day funding. Excluded generalist MCAs that don't pull platform data — they tend to misprice Shopify merchants because they can't see GMV trajectory or repeat-customer behavior.
Top picks at a glance
| Lender | Best for | Amount | Speed | Min credit | Action |
|---|---|---|---|---|---|
| Shopify Capital | Best embedded offer for Shopify-native stores | $200 – $2,000,000+ | Funds in 2 – 5 business days after acceptance | No FICO check — uses Shopify sales data | Apply → |
| Wayflyer | Best when Shopify Capital isn't enough | $10,000 – $20,000,000 | Funding in 24 hours | No FICO check — underwrites against platform data | Apply → |
| Clearco | Best non-dilutive growth capital for DTC Shopify stores | $10,000 – $20,000,000 | Funding in 1 – 5 business days | No FICO check — underwrites against revenue data | Apply → |
| PayPal Working Capital | Best for Shopify stores with significant PayPal volume | $1,000 – $250,000 | Funding in minutes once accepted | No FICO check — uses PayPal sales history | Apply → |
| Square Capital | Best for omnichannel Shopify + Square POS merchants | $300 – $250,000 | Funds as soon as next business day | No FICO pull — Square underwrites entirely against your Square sales history | Apply → |
| Credibly | Best generalist fallback when platform offers fall through | $5K – $600K | As fast as 4 hours | 550+ | Apply → |
Advertiser disclosure: Fundnode may earn referral fees from funders listed on this page when you apply through us. This does not affect editorial rankings — see our methodology.
Detailed reviews — our 6 picks
#1 · Best embedded offer for Shopify-native stores
Shopify Capital
Max amount
$2,000,000+
Cost
Single fixed fee — typical 5 – 14% of advance
Speed
Funds in 2 – 5 business days after acceptance
Min credit
No FICO check — uses Shopify sales data
Why we picked it
Embedded in Shopify admin. Pre-qualified offers based on store revenue and GMV trajectory — no application, no credit check, no personal guarantee on most offers. Single fee structure (typically 1.10-1.16 factor for cleanest stores), repaid as a fixed 9-17% of daily Shopify sales — auto-reconciles to slow weeks, zero ACH-bounce risk. Funded 1-3 days from offer accept. Always check this first; if Shopify shows you an offer, it's almost always the cheapest fully-integrated capital you can get.
The strength
Most merchant-friendly embedded financing in commerce. Single fee, no compounding factor. Repayment as percentage of daily Shopify sales (typically 9-17%) — scales with revenue. Pre-qualified offers in Shopify admin. No personal guarantee on standard offers.
The watch-out
Only for Shopify-hosted stores. Shopify selects which merchants get offers — can't apply. If you migrate off Shopify mid-loan, balance must be repaid in full. Higher-tier offers may include personal guarantee.
Qualifications
6 months
Shopify GMV drives offers — typically $10K+/mo
No FICO check — uses Shopify sales data
#2 · Best when Shopify Capital isn't enough
Wayflyer
Max amount
$20,000,000
Cost
Single fee 3 – 8% of advance
Speed
Funding in 24 hours
Min credit
No FICO check — underwrites against platform data
Why we picked it
Revenue-based financing built for e-commerce, integrates Shopify alongside ad platforms (Facebook, Google, TikTok) to underwrite ROAS-aware advances. Ticket sizes scale into seven figures, well past where Shopify Capital tops out. Single-fee structure typically 2-8%, ad-spend ring-fencing available. Strong fit for scaling DTC brands deploying capital into paid acquisition where you need bigger ticket and ad-attribution-aware underwriting.
The strength
Built specifically for e-commerce — underwrites using your Shopify/Amazon/Stripe data, not bank statements alone. Single-fee structure (no compounding factor). Repayment as percentage of daily sales — scales with revenue. Backed by Tiger Global, J.P. Morgan among others.
The watch-out
Only works for e-commerce/DTC brands with verified platform sales. Single fee can equate to 30-60% APR for fast-repaying deals. Some merchants report aggressive renewal pressure.
Qualifications
6 months
$20,000
No FICO check — underwrites against platform data
#3 · Best non-dilutive growth capital for DTC Shopify stores
Clearco
Max amount
$20,000,000
Cost
Single fee 6 – 12% of advance
Speed
Funding in 1 – 5 business days
Min credit
No FICO check — underwrites against revenue data
Why we picked it
Originated the e-commerce RBF model. Native Shopify integration plus ad-platform data. Capital can be ring-fenced for ad spend or inventory, founder-friendly terms with no personal guarantee on standard programs. Strong long-term fit for Shopify Plus brands that want a recurring growth-capital partner rather than one-off transactions. Single-fee, repaid as percentage of revenue.
The strength
Pioneered revenue-based financing for DTC/e-commerce. Strong brand recognition with founders. No equity, no personal guarantee on standard programs. Built integrations with Shopify, Stripe, ad platforms for automatic underwriting.
The watch-out
Underwent significant cost cuts and pivots in 2023-2024 — product mix has shifted, some prior offerings (Clearco Capital for ad spending specifically) were paused. Single fee can equate to 25-50% APR.
Qualifications
6 months
$10,000
No FICO check — underwrites against revenue data
#4 · Best for Shopify stores with significant PayPal volume
PayPal Working Capital
Max amount
$250,000
Cost
Single fixed fee disclosed at offer (typically 8 – 18% of advance)
Speed
Funding in minutes once accepted
Min credit
No FICO check — uses PayPal sales history
Why we picked it
Underwrites against PayPal processing history, not Shopify GMV. Right tool when a meaningful share of your Shopify checkout converts through PayPal Express — PayPal sees that volume directly. Single fee, repaid as percentage of daily PayPal sales (10-30% typical). Useful complement to a Shopify Capital advance for merchants who want to stack platform-specific capital.
The strength
Embedded in PayPal seller dashboard — pre-approved offers appear with no application. Repayment as percentage of daily PayPal sales (10-30% depending on offer). Single fixed fee, no compounding. Strong fit for PayPal-heavy sellers.
The watch-out
Only available to merchants processing significant volume through PayPal. Loan amount capped at fraction of trailing PayPal sales. If you reduce PayPal volume mid-loan, repayment continues via fixed daily debits — losing the natural sales-percentage flexibility.
Qualifications
3 months
$15,000 in PayPal sales (typical)
No FICO check — uses PayPal sales history
#5 · Best for omnichannel Shopify + Square POS merchants
Square Capital
Max amount
$250,000
Cost
Single fixed fee (typically 10 – 16% of loan amount)
Speed
Funds as soon as next business day
Min credit
No FICO pull — Square underwrites entirely against your Square sales history
Why we picked it
Shopify merchants running brick-and-mortar through Square POS get a separate offer underwritten against Square processing volume. The two advances don't conflict (different platforms, different revenue streams), making this the right second-leg structure for omnichannel operators. Single fee, repaid as percentage of Square sales. Fast funding through Square Dashboard.
The strength
Most merchant-friendly headline structure in the industry: one fixed fee, no APR equivalents, no daily/weekly debits — repayment is a flat percentage of daily Square card sales until paid off. Eligibility check appears in your Square dashboard with no application. Approval typically arrives in minutes.
The watch-out
Square chooses who they offer to — you can't apply if Square doesn't surface an offer. Loan amount usually caps at ~1.4× monthly Square sales. The single fixed fee on a 9-month payback typically works out to 30–60% APR-equivalent, similar to mid-tier MCA. Only available to active Square sellers — if you stop processing, repayment converts to fixed daily debits.
Qualifications
12 months
$10,000+ in Square card sales typical floor for meaningful offers
No FICO pull — Square underwrites entirely against your Square sales history
#6 · Best generalist fallback when platform offers fall through
Credibly
Max amount
$600K
Cost
Factor 1.11+ (MCA)
Speed
As fast as 4 hours
Min credit
550+
Why we picked it
When Shopify Capital declines, Wayflyer's underwriting window doesn't fit, and you still need capital in 24 hours, Credibly funds traditional MCA against bank-statement underwriting. 550+ credit, 6+ months operating, $15K+/mo revenue. Real fallback option, but verify your daily ACH math against your slow weeks before signing — Shopify-style sales-percentage repayment is structurally safer for an e-commerce business.
The strength
March 2026 API V2 + Cloudsquare integration — most modern submission UX in MCA. $3B+ deployed, 60K+ SMBs. Publishes factor rates honestly (starting 1.11 for A-paper).
The watch-out
The 1.11 headline is the A-paper floor; average factor is closer to 1.32. ISO commission terms aren't public.
Qualifications
6 months
$15,000
550+
Frequently asked questions
- Should I take Shopify Capital or shop around?
- Take Shopify Capital first if the offer size meets your need. The embedded structure (no application, no credit check, percentage-of-sales repayment that auto-flexes to slow weeks) is almost always cheaper and safer than a third-party MCA at equivalent factor. Shop around only if Shopify's offer is too small (most common reason to leave) or if you need ad-spend ring-fencing that Shopify doesn't provide — that's where Wayflyer and Clearco take over.
- How big can a Shopify Capital advance get?
- Typical offers range from $200 to $2 million, sized off your trailing Shopify GMV and trajectory. Most stores see offers in the $5K-$250K range; Shopify Plus merchants with seven-figure GMV regularly see six- and seven-figure offers. If your need is bigger than Shopify shows you, Wayflyer and Clearco regularly fund $250K-$5M+ for established DTC brands.
- Will lenders fund Shopify ad spend specifically?
- Yes — Wayflyer and Clearco both offer ad-spend ring-fencing where a portion of the advance is earmarked specifically for Facebook, Google, or TikTok ads. Wayflyer integrates directly with the ad platforms to validate ROAS in underwriting. Avoid using generalist MCA proceeds for ad spend; the cost-of-capital is too high for an asset that needs 3-6 months to compound into LTV.
- What revenue do I need to qualify for Shopify merchant funding?
- Shopify Capital: no fixed minimum, but offers typically start to appear at $5K-$10K/mo in Shopify GMV with at least 3-6 months of history. Wayflyer and Clearco: typically $20K-$50K+/mo and 6+ months. Square and PayPal embedded offers: similar to Shopify Capital, underwritten off platform processing. Credibly fallback: $15K+/mo, 550+ credit, 6+ months. Match yourself at /match to see which structures fit your store today.
Related reading
- Best e-commerce funding 2026
- Best MCA funders for Amazon FBA sellers 2026
- Best MCA funders for DTC brands 2026
- Best MCA funders for e-commerce with Amazon, Stripe, Shopify 2026
- The full 2026 ranking — 100 funders
Methodology
How we chose
Ranking criteria
- Use-case fit — funder must qualify the merchant profile this page targets (credit, time-in-business, revenue, industry).
- Pricing transparency — published factor-rate or APR-equivalent disclosure outweighs marketing-only quotes.
- Speed-to-fund — verified time from signed contract to ACH deposit, not 'as fast as' marketing claims.
- Contract terms — daily/weekly debit structure, prepayment treatment, COJ / personal guarantee posture.
- Customer-experience signals — BBB profile, Trustpilot, ISO chatter, and direct merchant feedback collected via Fundnode applications.
Sources consulted
- Funder-published rate cards, contract templates, and disclosure pages (refreshed quarterly).
- Public regulatory filings — California DFPI commercial-financing disclosures, New York commercial-financing disclosure law filings.
- Direct merchant feedback collected through Fundnode's /qualify funnel (n > 200 since 2026-01).
- ISO desk operator interviews — anonymized commentary on approval patterns and stipulations.
Update cadence
Reviewed quarterly. Last updated 2026-06-24.
Conflict of interest
Fundnode may earn referral fees from funders listed on this page when merchants apply through us. Rankings are editorial and independent of fee economics — funders cannot pay for placement.