Automate Cash Management with Auto Transfers

Executive summary:

• Introducing Auto Transfers for Shopify Balance users in the US.
• Automatically move incoming Shopify payouts across multiple accounts.
• Flexible rules for automating cash management and budgeting.

What changed

Shopify Balance users can now use Auto Transfers to manage their funds more effectively by setting rules for transferring payouts to different accounts. This feature supports business needs like paying suppliers, saving, or covering operating expenses automatically.

Why it matters

For Shopify Plus merchants, efficient cash flow management is crucial. Auto Transfers reduce manual intervention and enhance financial oversight, allowing merchants to focus on growing their business.

Role-specific impact

• Marketers: Focus more on growth strategies as manual cash management tasks are reduced.
• Developers: Simplify integration processes for cash management tools with streamlined Shopify Balance API capabilities.
• Store admins: Spend less time on manual financial allocations, improving productivity and accuracy.

Use-case example

Real-world scenario & metric

A merchant allocates 30% of payouts to savings automatically, reducing manual transfers by 50% and enhancing budgeting accuracy.

Implementation checklist

1. Enable Auto Transfers in your Shopify Balance settings.
2. Define transfer rules based on business needs.
3. Regularly review allocation results to optimize cash flow.

FAQ

Q: Can I change transfer rules anytime?
A: Yes, merchants can adjust rules to fit changing business needs.

Q: Are Auto Transfers available outside the US?
A: Currently, Auto Transfers are only available for US users.

Resources

Learn more in the Shopify Help Center guide on Auto Transfers.

Need guidance? Talk to Makro.