A Shopify Collective order marked as ‘Paid’ now confirms payment collection from the retailer and readiness for fulfillment. Once fulfilled, Collective will transfer the funds to your Shopify Payments balance for the next scheduled payout. Collective orders will no longer be marked as ‘Authorized’. Check payment statuses by navigating to Finances > Payouts > View transactions.
→ Read the full update on changelog.shopify.com