Shopify Capital glossary of terms

Definition of Shopify Capital terms
TermDefinition
Amount advancedThe funds you receive from a Shopify Capital merchant cash advance.
Daily payment percentageThe percentage of your daily sales that you repay to Shopify Capital until the total payment amount is repaid.
DeliverTo send funds.
Factor or factor rate The number that the amount received multiplies by to determine the total to remit.
Fixed borrowing costThe fee for obtaining a Shopify Capital loan, also known as the cost of funds.
FundingAccess to capital.
Gross daily salesThe total sales amount on a particular day. This includes taxes and shipping.
Loan amountThe funds you receive from a Shopify Capital loan.
ReceivablesA purchase of your future sales.
Remaining balanceThe amount of the total to remit that is yet to be remitted to Shopify Capital.
RemitTo deliver money to apply against the total to remit.
RemittanceMoney 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 amountThe loan amount plus the fixed borrowing cost of a Shopify Capital loan. The total amount that must be repaid.
Total to remitThe amount of future sales revenue that Shopify Capital buys. This is calculated by multiplying the amount received by the factor rate.
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