|The funds you receive from a Shopify Capital merchant cash advance.
|Daily payment percentage
|The percentage of your daily sales that you repay to Shopify Capital until the total payment amount is repaid.
|To send funds.
Factor or factor rate
|The number that the amount received multiplies by to determine the total to remit.
|Fixed borrowing cost
|The fee for obtaining a Shopify Capital loan, also known as the cost of funds.
|Access to capital.
|Gross daily sales
|The total sales amount on a particular day. This includes taxes and shipping.
|The funds you receive from a Shopify Capital loan.
|A purchase of your future sales.
|The amount of the total to remit that is yet to be remitted to Shopify Capital.
|To deliver money to apply against the total to remit.
|Money that is delivered to apply against the total to remit.
Remittance rate or daily remittance percentage
|The percentage of your daily sales revenue that will be remitted to Shopify Capital until the total to remit has been remitted.
|Total payment amount
|The loan amount plus the fixed borrowing cost of a Shopify Capital loan. The total amount that must be repaid.
|Total to remit
|The amount of future sales revenue that Shopify Capital buys. This is calculated by multiplying the amount received by the factor rate.