eCommerce Financing | Funding

Funding

Our funding is simple and transparent. Learn more about our terms here.

How does Wayflyer funding work?

Wayflyer provides funding to eCommerce companies by purchasing a percentage of your future revenue up to an agreed amount. What this means is that you will transfer us a specified percentage of your future sales until Wayflyer receives the total amount it has purchased from you. This means that if your sales slow down, so do the transfers to us. No interest applies to our cash advance so you will know the total cost before you accept your offer.

Are there any fees?

We like to keep things simple and we hate surprises. A fixed fee is applied to the total amount of funding you get. This is typically between 2% and 8% of the funding but it all depends on your business. Signing up and applying for funding is completely free. There are no origination fees, no annual fees, no monthly maintenance fees, no documentation fees, no interest rates and no other hidden fees.

Can you give me an example?

If we provide you with a cash advance of $100,000, we will apply a fee which is typically between 2% and 8% of the advance amount but it all depends on your business. If, for the example, the fee was 4% or $4,000, the total amount of your future sales that will be remitted to Wayflyer is $104,000. You will remit an agreed percentage of your daily sales until the amount of $104,000 has been transferred to us.

Will I get better terms if I've worked with Wayflyer before?

With revenue-based financing, as your revenue increases so does the amount of funding you could qualify for. Terms from a previous advance do not guarantee the same terms for future advances as fees are subject to market conditions.

How do remittances work?

Typically each day, remittances are made from your bank account to Wayflyer by an Automated Clearing House (ACH) Pull or a Direct Debit depending on your country.This amount is calculated each day by multiplying the Remittance Rate in your contract by the Sales collected through your online store that day. Therefore, the amount varies in line with your sales.The ACH pull or Direct Debit continues until the agreed amount has been remitted.

What is my designated bank account?

This is the bank account to which we send the cash advance and from which remittances are made. You may have multiple bank accounts on file but you can only have one designated bank account with Wayflyer.

How do I change my designated bank account?

If you would like to change the account where the cash advance is deposited, contact us at support@wayflyer.com

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