If you are building a FinTech experience for users that collect payments via popular commerce platforms, then Hurdlr's Shopify integration might be beneficial to your users. The Hurdlr API allows you to connect your own Shopify Partner account, so that you own the relationship with Shopify.
1. How it works
Hurdlr's Income Streams API makes it easy for your team to provide income tracking functionality to your users from many different data sources. This multitude of income streams can become unwieldy when there is overlap between the income sources.
For example, if your user is a Shopify seller who also collects payments outside of Shopify (e.g. directly into their bank account), then your user will want to have Shopify and their bank account linked to your platform. But, when Shopify disburses the income (less its processing fees) into the user's bank account, the result could double count the user's income.
Rest assured, the Hurdlr API takes care of all of the above for you, and your development team will not need to do any Shopify-specific development. Specifically, in the above scenario, the Hurdlr API will:
a) automatically pull in the user's Shopify data
b) create business income records for the top-line income that was earned
c) create business expense records for Shopify's processing fees
d) reconcile transactions that come into the bank against the data from Shopify, resulting in bank transfer records (as opposed to double counting income, making 1099 reconciliation a breeze).
2. Getting started
If you haven't already done so, you should create a Shopify Partner account for your company.
3. Complete Shopify App setup
Once you have created a Shopify Partner account, in the Partners dashboard, click on "Apps" on the left navigation pane, then click on "Create app".
You will be taken into the "App setup" screen, where you will be prompted to enter company-specific info, including uploading your App icon. In the URLs section, under "Allowed redirection URL(s)", you should add
4. Securely share your Shopify keys
If you scroll down to the "App credentials" section, you will see
API key and
API secret key fields. Contact us directly at [email protected] for instructions on how to securely share these two keys.
5. Next steps
It's as simple as that! Now your customers will be able to receive income (and expenses for processing fees) from Shopify, directly into the Hurdlr API. If you have not already implemented the Hurdlr Income Streams API nor embedded the Income Dashboard into your product, that is a great next step.
Updated 9 months ago