You’ll pay one flat fee, based on how much you borrow. It’s not an interest rate, it’s a percentage of the loan amount known as the “factor rate”. Unlike interest-rate based loans, which will rack up mountains of interest if you fall behind.
Never worry about making payments again! We deduct an affordable portion of each Amazon deposit to your bank account, so you can pay on time and still have enough left to pay other bills. Pay when you sell.
Worried about payment deadlines? Payments are automatically made on your schedule, so you’ll never be short on cash.
Repayments are due each time Amazon deposits funds in your account, starting the day after you are funded.
A factor rate is a multiplier which is used to calculate the total amount you will pay back, including fees. For example, if the factor rate is 1.25 on $10,000 borrowed, you’d pay back 1.25 x $10,000 = 12,500.
You can read more about factor rates HERE.
The remittance rate is used to calculate the amount of your payments. Each time Amazon deposits money to your bank account, this percentage is applied to the amount Amazon deposits to calculate how much you will pay towards your balance.
For example: if the remittance rate is 15% and you receive $1,000 from Amazon, you would pay $150 towards your balance.