Shopify Capital glossary of terms
| Term | Definition |
|---|---|
| Amount advanced | 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. |
| Deliver | 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. |
| Funding | Access to capital. |
| Gross daily sales | The total sales amount on a particular day. This includes taxes and shipping. |
| Loan amount | The funds you receive from a Shopify Capital loan. |
| Receivables | A purchase of your future sales. |
| Remaining balance | The amount of the total to remit that is yet to be remitted to Shopify Capital. |
| Remit | To deliver money to apply against the total to remit. |
| Remittance | 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. |