TL;DR
Shopify Capital ranks #27 in our 2026 funder ranking. Best for shopify e-commerce merchants doing $25k+/mo gmv who need $10k-$500k for inventory pre-buy, marketing, or expansion without traditional underwriting friction. The strength: Most merchant-friendly embedded financing in commerce. The watch-out: Only for Shopify-hosted stores.
Shopify Capital rate card 2026
| Category | Processor financing |
| Best for | Shopify merchants — embedded inventory and growth financing |
| Amount range | $200 – $2,000,000+ |
| Cost (factor / APR) | Single fixed fee — typical 5 – 14% of advance |
| Speed to fund | Funds in 2 – 5 business days after acceptance |
| Min time in business | 6 months |
| Min monthly revenue | Shopify GMV drives offers — typically $10K+/mo |
| Min credit score | No FICO check — uses Shopify sales data |
The strength — what Shopify Capital does better than anyone
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 — what Shopify Capital doesn't put in marketing
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.
Who Shopify Capital is best for
Shopify e-commerce merchants doing $25K+/mo GMV who need $10K-$500K for inventory pre-buy, marketing, or expansion without traditional underwriting friction.
Who shouldn't apply
Merchants ranking solidly above Shopify Capital's box may want to apply to OnDeck or Credibly first for cheaper money. Established multi-location operators may get better terms at OnDeck or NewCo Capital Group. As with any MCA decision, the cheapest money is the money you don't borrow — start with the calculator at /calculator to see if the deal you'd take from Shopify Capital actually makes sense.
How Shopify Capital compares to the rest of the top 10
| Funder | Category | Cost | Speed |
|---|---|---|---|
| Shopify Capital (this funder) | Processor financing | Single fixed fee — typical 5 – 14% of advance | Funds in 2 – 5 business days after acceptance |
| Credibly | MCA + multi-product | Factor 1.11+ (MCA); APR varies for term + LOC | As fast as 4 hours |
| Greenbox Capital | Multi-product | Factor varies; published up to 19% ISO commission | 24 – 48 hours |
| Accord Business Funding | MCA specialty | Factor varies by paper grade (often 1.40+) | Next-day for approved files |
| Bluevine | LOC | APR 6.2% – 27% | 1 – 3 business days |
| OnDeck | Term + LOC | Term APR 27%+; LOC APR 30%+ | Same-day for approved files |
What to ask Shopify Capital before signing
- "What's the APR-equivalent on this deal?" A funder who can't or won't quote it has something to hide. Required disclosure in five states as of 2026.
- "Is there a prepayment discount?" Some funders charge the full factor regardless of payoff speed. Get the discount in writing before you sign.
- "What's the reconciliation policy if my revenue drops?" The best funders adjust the daily ACH downward when deposits drop. Many won't. Ask in writing.
- "Will you stack on top of an existing position?" Stacking is one of the top reasons MCA merchants default. If a funder accepts second/third position freely, that's a yellow flag for the merchant.
Frequently asked questions
- Is Shopify Capital a direct funder or a broker?
- Shopify Capital is a direct funder — they underwrite and deploy capital from their own balance sheet (or institutional credit facility), not by routing your file to other lenders. This matters because direct funders are accountable for the terms they quote.
- What's the minimum revenue Shopify Capital will fund?
- Shopify Capital's published floor is Shopify GMV drives offers — typically $10K+/mo in average monthly revenue, with 6 months minimum time in business. Credit score floor is No FICO check — uses Shopify sales data. These are box minimums — actual approval requires bank statements showing consistent daily deposits and acceptable NSF history.
- How fast can Shopify Capital fund?
- Shopify Capital's public speed quote is Funds in 2 – 5 business days after acceptance. In practice, clean files (consistent revenue, no NSFs, no second position) fund at the fast end of that range. Files needing additional documentation, second-position deals, or larger amounts ($250K+) take longer.
- Should I go directly to Shopify Capital or through a broker?
- Going direct gets you a single quote with no broker commission baked into the factor rate. Going through a broker (like Fundnode) gets you scored against multiple funders, including Shopify Capital, with full disclosure of how we earn. There's no universal right answer — but if you only want one quote, going direct saves the broker's cut.
- What's Shopify Capital's biggest weakness vs alternatives?
- 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.
Related reading
- The full 2026 ranking of 10 MCA funders — where Shopify Capital sits and why.
- How factor rates actually work — the math behind Single fixed fee — typical 5 – 14% of advance.
- How to qualify for an MCA in 2026 — the 7 things underwriters check.
- Take the fundability quiz — find your tier in 2 minutes.