Shopify Balance

Shopify Balance

By Shopify Inc.

  • Category: Finance
  • Release Date: 2023-01-10
  • Current Version: 3.9.0
  • Adult Rating: 4+
  • File Size: 82.02 MB
  • Developer: Shopify Inc.
  • Compatibility: Requires iOS 16.0 or later.
Score: 2.5
2.57317
From 82 Ratings

Description

Shopify Balance is the free business financial account built right into your Shopify store’s admin. Use the Balance app to make money moves for your business—right from your mobile device. By having the financial information you need at your fingertips, you can make the best decisions for the long-term health of your business. MANAGE MONEY ANYWHERE • Stay on top of your finances by viewing your account balance and filtering your transaction history. • Transfer funds in or out to pay bills, send money, or make payments directly to vendors—with zero transfer fees. GET PAID FASTER • Get paid out from your Shopify sales up to 7 days faster than with a traditional bank. EARN ON ANY ACCOUNT BALANCE • Earn a reward in the form of an annual percentage yield (APY) on all your money in Balance.* • No limit to how much you can earn and withdraw funds at any time.* SPEND SECURELY AND CONVENIENTLY • Always have your business card handy by accessing your card number in the app or using tap to pay with your mobile wallet. • Keep your business secure with the ability to lock and unlock your cards from the palm of your hand. ---------- ABOUT SHOPIFY Shopify is a world-class commerce platform that has everything you need to start, sell, market, and manage your business. Millions of business owners from over 175 countries trust Shopify to help sell their products and services online and in-person. Shopify partners with Stripe, Inc. and affiliated companies, and financial institution partners including Fifth Third Bank N.A., Member FDIC & Celtic Bank to offer money transmission, banking & issuing services, respectively. *This is a reward provided by Shopify and is not interest. The rate is variable and subject to change without notice. The reward accrues daily, and is compounded and paid monthly in the form of a credit to your Balance account. ACH transfer limits may apply.

Screenshots

Reviews

  • BEWARE - Terrible Customer Support and Unreliable Bill Pay

    1
    By antiebee123
    I’ve been using Shopify professionally and personally for over a decade. Unfortunately, like many tech companies, they have switched their customer service experience to AI chatbots. It’s incredibly difficult to reach a human being for help. And when you finally do, it takes days of waiting to get resolutions. They no longer prioritize their customers' concerns.Shopify’s own Bill Pay feature that they offer for their Shopify Balance accounts did not pay my studio rent on time 2 months in a row, despite being assured my rent payment would process. The first month, they did offer a $50 reimbursement for the inconvenience. The second month this happened (which in my mind is worse because I had already spent hours upon hours dealing with them and their bill pay processing company, Melio, the first time to get it resolved), they refused to offer me a credit or even a written letter explaining their own failure in paying bills with the money that was in my Shopify Balance account.If you are a small business just starting out, save yourself the hassle and try Square. I have friends that swear by it. I am so disappointed with Shopify that I’m considering building a whole new WordPress website just to get as far away from them as I can.
  • SMALL BUSINESSES BEWARE

    1
    By Smallbusinessowner26
    I had my website with Shopify for 8 years. On June 01, Shopify allowed 302 fraudulent transactions to post to my balance account with no warnings or notifications. I notified Shopify of this theft. Shopify blamed me! Shopify forced massive financial harm on my small business, blatantly lied to my face, and without taking any responsibility for the theft SHOPIFY ALLOWED TO OCCUR, told me to see them in court because they don’t care if they screw over small businesses by losing thousands of dollars if their legitimate business funds. Use square!!!
  • Fix this issues as soon as possible

    1
    By noahhhhh3752162)
    I used to love Shopify Balance, but this latest issue is incredibly frustrating. Merchant names have completely disappeared from my debit card transactions. Instead of showing where I actually made a purchase (like Starbucks or Jeni’s Ice Cream), the app only displays my own name and the last four digits of my card. This makes it impossible to identify purchases or verify whether a transaction is legitimate. I now have a pending $33.54 charge that I can’t identify because Shopify provides absolutely no merchant information. I haven’t made any purchases since Jeni’s Ice Cream, I haven’t received any Apple receipt, and I haven’t bought anything from Amazon. The app gives me no way to know what this charge is for. A financial app should make transactions transparent, not force customers to guess where their own money is going. This is a major step backward and needs to be fixed immediately.
  • Update = inconvenience

    3
    By DLovesSF
    The new update removed the ability for connected accounts to have nicknames. This is decidedly inconvenient. I have a half dozen accounts I divvy payments to every day. I now have to memorize either the order in which they appear in the app (which also cannot be edited) or the individual account numbers. A simple fix would substantially streamline the UI.
  • Can’t transfer money

    1
    By ✨🦋charity🦋✨
    I have money in my balance and it won’t let me transfer money to my bank account, or add card to apple wallet. Now took my bank account off my account and will not let me add it back. You guys need to work on customer service because I can’t seem to find a contact for ANYBODY TO HELP.
  • Gave up my bank account

    5
    By 360_juic3
    I no longer keep my money in my business bank account. I make all purchases, pay vendors and contractors through my Shopify balance app! The Shopify card is also super convenient. If I need to pay myself personally, I just add my personal bank information within my Shopify balance account and send payments to my personal bank account. The payments hit my account within 24 hours. I’ve been meaning to open up a business bank account but Shopify balance makes it so hard to do so.
  • Too basic

    1
    By Jared Ludlow
    Needs a lot more functions like any other bank account would. It’s so simple it takes a lot of value out of having the app.
  • It’s ok

    2
    By misslizsc16
    App is ok… nothing spectacular… I just hate we can’t link to Zelle
  • Do not recommend

    1
    By alexa0814
    Complicated to used card or do transfers. Most places this card is not accepted.
  • Not workng

    1
    By Halloufa
    I have been trying to sign in for months. Not working. Just updated the app and still not working. The shopify app works on my phone but cant see my balance and this app never worked ! Its crazy for an app like Shopify to not be able to see my balance on my phone !! I wish I could give a 0 star

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