COVID-19 is a Time Machine (and SHOP)

I’ve been thinking the pandemic has forced has caused maybe 2-3 years of evolution in 2 months, but this news at Shopify says, “The global pandemic has accelerated nearly a decade of ecommerce evolution into ninety days.”!

See the first part of the video here (also lots of updates below it in the text):

Loreen Padelford, VP & GM, Shopify Plus, says, “COVID-19 is a time machine that brought 2030 to 2020 and has significantly accelerated the digital revolution for business of all sizes… Businesses who thought they hard years to become digital natives are realizing they have weeks or months and have no choice but to rapidly adapt and write a new plan for their company…”

Also, Shopify Balance
Shopify announces a new merchant debit card and support for payment installment plans
Shopify is announcing several new products and features today at Reunite, a virtual conference for the one million merchants using the company’s e-commerce platform.

The additions include Shopify Balance, which Chief Product Officer Craig Miller described as an attempt to rethink the bank account in a way that’s better suited to a business’ needs.
Shopify Balance is being built and is expected to be available for early access this year in the US. Details are subject to change.

Control over your money
Get a clear view of cash flow and get paid faster, so you can invest in your business with a Shopify Balance account and card.

No hidden fees
Business owners should be supported, not shorted. No monthly fees, sign-up fees, or minimum balance.

Plenty of perks
Cashback and discounts on everyday business spending to make your money go further.