Your cash advance will be paid with a fixed percentage of your sales. Sales-based repayments match your current sales payout schedule (daily, weekly, etc).
You typically don’t have to initiate any payments yourself, it’s all automatic. Payments are either automatically debited from your designated bank account or deducted from your sales payouts until the balance is fully paid.
Note: Texas-based businesses cannot opt into automatic bank debits due to restrictions in state law. They will have payments deducted from their sales payouts unless otherwise notified.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.