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Shopify Capital ÊõÓï±í

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2022/02/21
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Shopify Capital ÊõÓï±í

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Shopify Capital glossary of terms

TermDefinition
Amount receivedThe funds you receive from a Shopify Capital merchant cash advance.
DeliverTo send funds.
Factor or factor rateThe number that the amount received multiplies by to determine the total to remit.
Fixed borrowing costThe fee for obtaining a Shopify Capital loan.
FundingAccess to capital.
Loan amountThe funds you receive from a Shopify Capital loan.
MilestoneA 60-day period of the Shopify Capital loan term. Each milestone has a minimum payback amount that must be repaid by the Milstone's end date. If you do not meet the minumum repayment amount, then the difference between your current repayment amount and the minumum repayment amount is debited from your account.
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 percentageThe percentage of your daily sales revenue that will be remitted to Shopify Capital until the total to remit has been remitted.
Total owedThe 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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