The Manage Money Anywhere application allows users to easily keep track of their finances and make transactions from anywhere. Users can view their account balance and filter their transaction history to stay on top of their finances. They can also transfer funds in or out without any transfer fees, making it convenient to pay bills, send money, or make payments directly to vendors.
With the Get Paid Faster feature, users can receive their Shopify sales payouts up to 7 days faster than with a traditional bank. This allows for quicker access to funds and helps business owners manage their cash flow more efficiently.
Users can also earn a reward in the form of an annual percentage yield (APY) on all their money in their Balance account. There is no limit to how much they can earn and they can withdraw funds at any time. This feature allows users to earn money on their account balance, providing an additional benefit to using the application.
The Spend Securely and Conveniently feature allows users to access their business card number in the app or use tap to pay with their mobile wallet. This makes it easy to make purchases and always have their business card handy. Additionally, users can lock and unlock their cards from the app, providing an extra layer of security for their business.
Shopify is a trusted commerce platform used by millions of business owners from over 175 countries. They partner with reputable companies and financial institutions to offer money transmission, banking, and issuing services. The reward provided by Shopify is not interest, but rather a variable rate that is subject to change. It accrues daily and is compounded and paid monthly in the form of a credit to the user's Balance account. Some ACH transfer limits may apply.