[Which Gets Your Sales Paid Faster?] Comparing Shopify Payments with Other E-Commerce Platforms

Which gets your sales paid faster? Comparing Shopify Paymentss with other e-commerce platforms

This article will compare the payout cycle of Shopify Paymentssss and other e-commerce services!

Hello! I'm Kanahina.☆

Today, I'm going to explain about the payout cycle of Shopify Paymentssss and other e-commerce services.😊

Kanahina works for a web production company and is often asked about the comparison of the payout cycle, so I'll explain the comparison and the importance of the payout cycle.

First, let's take a look at the comparison of services!

Please see the table comparing Shopify Paymentssss and 7 other Japanese e-commerce services.
*This information is current as of October 2023, so please check the official websites for the latest information.

Service Name	Payout Cycle
Shopify Paymentssss	Weekly Payments: 5 days minimum, 11 days maximum Monthly Payments】You can select the date from the administration page.
BASE	10 business days after application Express transfer" = Next business day (1.5% of the amount applied for transfer is required as a service charge)
MakeShop Payment	Closing at the end of the month, payment at the end of the following month (If the end of the month falls on a holiday, the payment will be made on the previous business day.)
Shopserve	Payable on the 27th of the following month after the end of the month 2 or 6 monthly receipts available for a fee
futureshop	Payable at the end of the month and the end of the following month
STORES	Automatic payment】Payment at the end of the month and on the 20th of the following month Manual deposit】Payment is made on the next 1 to 2 business days after the transfer request is made.
Color Me Shop	Normal payment】Payment is due at the end of the month and paid on the 20th of the month after the month following the month in which the payment is made. Deposit on demand service】After paying 1.5% commission, payment can be made in as little as 3 business days. Early Payment Service】2,200 yen/month plus Early Deposit Service】2,200 yen per month plus 0.5% commission, paid at the end of the month on the 15th of the following month.
ecforce	Payment is processed 30 days after the end of the month

Deposit cycle is very important!

Here is an easy-to-understand explanation of the payout cycle for online stores😊

Physical stores receive cash directly from the customer, so sales are immediately in hand.
However, this is not the case with online stores.

Payment methods include credit cards, carrier payments, convenience store payments, and bank transfers, and each method has a different payout cycle.
In other words, even if you sell a product, you will not get your money immediately.

This delay in the payout cycle can affect regular expenses such as product purchases and staff salaries.
If sales are made but money is not in hand, the business may not have enough funds to operate, resulting in a "blackout" situation.

Therefore, it is important to keep cash flow smooth by shortening the payout cycle and lengthening the payout cycle.

In summary, when operating an online store, it is very important to understand the timing of payment and to keep proper cash management in mind!😊
Among them, Shopify Paymentssss can be received in as little as 5 days, and even with this speed, there are no "separate fees" or "transfer fees," which is much appreciated by businesses.

Finally, here are some frequently asked questions about the payout cycle, etc!

Frequently Asked Questions

Q.1 What is the payout cycle for Shopify Paymentssss?: A.1

For weekly payment, the minimum is 5 days and the maximum is 11 days. For monthly payments, the date can be selected from the administration screen.

Q.2 How much is the fee for BASE's "Express Transfer"?: A.2

The fee for the "Express Transfer" is 1.5% of the amount applied for transfer.

Q.3 When is the payout cycle for MakeShop Payments?: A.3

The payment is made at the end of the month, and the payment is credited at the end of the following month. If the end of the month falls on a holiday, the payment will be made on the previous business day.

Q.4 How often can I receive my commission payments through Shopserve?: A.4

You can receive twice a month or six times a month by paying a commission.

Q.5 What is the payout cycle for "Manual Deposit" in STORES?: A.5

Payment is made on the next 1 to 2 business days after the transfer request operation.

Q.6 What are the fees for the "Pay-as-you-go" service of Color Me Shop?: A.6

The fee is 1.5%, and deposits can be made in as little as 3 business days.

Q.7 What is the difference in the payout cycle between an online store and a physical store?: A.7

In a physical store, sales are received immediately because cash is received directly, whereas in an online store, there are different payout cycles depending on the payment method.

Q.8 How does a delay in the payout cycle affect my business?: A.8

Delays in the payout cycle can affect regular expenses such as the purchase of goods and staff salaries, which may result in insufficient funds for operations.

Q.9 What is "going bankrupt in the black"?: A.9

It refers to a situation in which a company goes bankrupt due to lack of funds on hand and insufficient operating capital, although sales are generated.

Q.10 What is the payout cycle?: A.10

It refers to the period of time after sales of goods or services are made until the proceeds are actually received.

Q.11 What are the advantages of shortening the payout cycle?: A.11

Smoother cash flow and reduced risk of insufficient management funds or "blackouts".

Q.12 Is there any way to shorten the payout cycle?: A.12

Some services offer the option to shorten the payout cycle by paying a fee.

Q.13 What are the key points of cash management for online stores?: A.13

It is important to understand the timing of deposits and to keep proper fund management in mind.

Q.14 What are the disadvantages of a long payout cycle?: A.14

A long payout cycle may lead to insufficient management funds, disrupted cash flow, and increased management risk.

Q.15 What is the difference between a payout cycle and a payout cycle?: A.15

The payout cycle is the period of time from when sales are made until the money is received, while the payout cycle is the period of time from when costs and expenses are incurred until payment is made.