- Short answer
- Pay over time lets you repay a Shopify Credit statement over up to 10 months for an 11% fee, taken from daily sales.
- Daily repayments
- From your Shopify Payments balance, before payout; in Texas, only from that balance, with no bank debit
- Share of sales
- Set by your agreement; Shopify's own example uses 10%
- Fee
- Charged upfront and doesn't compound; repaying early might earn a fee discount
- Month 10
- What's left is debited from your bank; a failed debit adds a 2% monthly late fee
- Cashback
- Help page: yes, however you pay; Rewards Terms: not if you fail to pay a statement on time
What happens after your Shopify Credit statement closes?
A balance unpaid at month 10 is one of the reasons Shopify locks a Credit card. If a daily repayment can't be collected from your balance after several attempts, it's debited from your bank; in Texas, daily repayments come only from your Shopify Payments balance, with no bank debit.
How much does Pay over time cost on Shopify Credit?
The fee is 11% of the remaining statement balance, charged upfront and not compounded; a partial payment in the grace period shrinks that base. The 2% monthly late fee applies only if the month-10 debit fails.
Your agreement sets the share of daily sales; no Shopify Credit help or terms page we read on October 10, 2026 names a set percentage, and Shopify's example uses 10%.
Cashback is unsettled: the rewards help page pays it "regardless of how you pay your balance", while the Rewards Terms withhold it for statements not paid on time, so confirm with Shopify before counting on it.
How do you start or stop paying over time?
You can switch your repayment settings to Pay over time at any time; a failed or reversed autopay after the statement period switches you too, so keep your linked bank account funded.
To exit, pay the remaining statement balance: within the grace period that avoids the fee and daily repayments; after it, the fee is already charged, though repaying early might earn a discount. Payments take 3–5 business days to post.
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