Executive summary:
- Access detailed balance and status updates for payment schedules.
- Enhances app development for payment terms and deferred options.
- Replaces outdated fields for more precise monitoring.
What changed
Shopify has introduced three new fields to the PaymentSchedule object: balanceDue, totalBalance, and due. These fields provide a more comprehensive view of payment schedules, replacing the deprecated amount field.
Why it matters
These updates empower Shopify Plus merchants with improved financial insights and prompt payment action. You can now clearly distinguish between captured and uncaptured balances, effectively managing deferred payments.
Role-specific impact
- Marketers: Gain better insights into customer payment behaviors to tailor marketing strategies.
- Developers: Access enhanced data for building more robust merchant apps utilizing payment terms.
- Store admins: Enjoy simplified management of pending and due payments, streamlining workflow.
Use-case example
Real-world scenario & metric
A merchant using deferred payments noticed a 30% improvement in identifying overdue accounts by leveraging the new fields, optimizing cash flow significantly.
Implementation checklist
- Review and understand new PaymentSchedule fields: balanceDue, totalBalance, due.
- Update existing apps or integrations to remove deprecated amount field usage.
- Monitor payment statuses via the enhanced fields for accurate financial management.
FAQ
Q: Do I need to update my current apps?
A: Yes, replace the deprecated field with the new ones for accurate data.
Q: How do these changes benefit my store management?
A: They provide clearer insights into payment statuses, improving cash management.
Resources
For more details, visit the Shopify Developer documentation.
Need guidance? Talk to Makro.