I got caught shoplifting from a dollar store, no police were involved but I received a letter saying I had to pay $500 within 21 days. Will I go to jail for not paying? What will happen? I can't afford to pay this right now. I paid what I owed them for the merchandise I took.
To answer your question- nothing will happen this time if you ignore it.
Next time you get caught, expect to face theft charges that will wreck your options and potential: jobs, leases, ability to go to court without being humiliated for being a sneak thief, permanent background check black mark, etc. Stop.
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