{"id":18714,"date":"2023-08-21T02:55:59","date_gmt":"2023-08-21T06:55:59","guid":{"rendered":"https:\/\/onecommerce.io\/blog\/?p=18714"},"modified":"2023-08-28T13:33:38","modified_gmt":"2023-08-28T17:33:38","slug":"shopify-balance","status":"publish","type":"post","link":"https:\/\/onecommerce.io\/blog\/2023\/08\/21\/shopify-balance\/","title":{"rendered":"How Shopify Balance Can Save You $2000 Per Year [2023]"},"content":{"rendered":"

Do you want to take control of your finances and grow your online business faster?<\/strong><\/p>\n

In most cases, managing your Shopify store’s finances has been a complex and time-consuming process. You have to juggle multiple bank accounts, credit cards, and payment processors. Consequently, it’s easy to make mistakes and you might have difficulty getting a clear overview of your money flow.<\/p>\n

But now, there’s\u00a0Shopify Balance<\/strong>\u2014a free business account that makes it easy to manage your store’s finances from one place. If you expect to know comprehensively about this fintech tool and how to set it up.<\/p>\n\n\n\n
\ud83d\udca1Recommended reading:<\/strong><\/p>\n
    \n
  • How to Make Money on Shopify? Ideas & Tips from Experts\u00a0<\/a><\/li>\n
  • 14 Practical Strategies For How to Increase Sales on Shopify<\/a><\/li>\n
  • Best Ways On How To Add Afterpay to Shopify? (Step-by-step guide)<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    What is Shopify Balance & How Does It Work?<\/h2>\n

    Shopify Balance\u00a0is a money management account<\/strong> created by Shopify to give its users\u00a0integrated control over payments and transactions. <\/em><\/span><\/p><\/blockquote>\n

    You might think: “So basically, isn’t Shopify Balance the same as a banking account or checking account?”. That’s a\u00a0no<\/strong>, and let us explain.<\/p>\n

    In May 2020, Shopify<\/a> launched Shopify Balance for the first time as a merchant account for financial management purposes<\/strong> for businesses on any scale.<\/strong> Users can access it through their Shopify credentials, just as they do with other Shopify products. The tool requires no fees and no minimum balances.<\/p>\n

    \n

    Big banks have held small businesses hostage\u2014with hidden fees, low daily limits, and holds on accessing THEIR OWN money.<\/p>\n

    So we built Shopify Balance: a money management account and card for U.S. small businesses.<\/p>\n

    No hidden fees. No low limits. No BS. https:\/\/t.co\/CoK3XqTQaa<\/a> pic.twitter.com\/i1f6cylgDh<\/a><\/p>\n

    — Kaz Nejatian (@CanadaKaz) January 19, 2022<\/a><\/p><\/blockquote>\n