Payments will typically happen automatically as a fixed percentage of daily sales.
This percentage is typically deducted from card sales, ensuring that the repayment aligns smoothly with your cash flow.
For example, if your repayment is 20% of daily sales and you made £1,000 in sales on a given day, then £200 would go towards repayment and £800 would go to you. On days without sales, you will not repay anything.
This means that, unlike traditional business loans with an interest rate that is always ticking, our product adjusts to your cash flows without any extra fees or charges.
In certain circumstances you may be paying us via Direct Debit or Variable Recurring Payments (VRP). Please review these articles for more information: