WooPayments + Stripe Capital

Eligibility is determined by Stripe based on a combination of factors, including overall sales volume and history with WooPayments. Eligible U.S. businesses will receive an email.

No, you’ll pay one flat fee that does not change. You won’t pay any interest on top of this fee.

During the application process that starts when you click on the offer inside your email, you can use a slider to choose a custom amount (up to the maximum offer amount). The loan fee and repayment rate adjust based on the amount you choose.

You’ll automatically pay the flat fee via a percentage of your sales until the total amount owed is repaid. The fee is not charged up-front.

Repayment is collected automatically through a percentage of your WooPayments sales, which means you pay down more when business is busy and less if things slow down. As long as you meet your minimum payment requirement every 60 days, what you pay each day adjusts to your sales.

A minimum payment is the minimum amount that you’re expected to repay every 60 days such that the maximum duration of the loan does not exceed 18 months. If the total amount that you repay through payments deducted from your sales in a 60-day period falls below the minimum payment requirement, you will be required to pay the remaining amount at the end of the period. You can view your minimum payment amount when you have an active loan in your WooPayments dashboard or in your loan agreement.

If your payments deducted from sales cover the minimum payment requirement for the 60-day period, no action will be taken. If you have not met the minimum payment amount by the end of the 60-day period, your bank account will be automatically debited with the balance needed to meet your minimum payment. There’s no action needed on your part.

If your application is approved, you’ll see the funds in your bank account typically in 1-2 business days.

Each offer is available for 30 days. After that point, your business will automatically be re-evaluated to see if you’re eligible for an additional offer.

Tax reporting is often dependent on your specific situation, so we encourage you to talk with a tax advisor to ensure appropriate accounting. In general, WooPayments + Stripe Capital funds would not be considered taxable income at the time of receipt, and the amounts withheld to satisfy your obligations are not tax deductible.

If you have additional questions about how our financing program through WooPayments + Stripe Capital works, you can contact our partners at capital-support@stripe.com.

Take a look at our documentation for more information and at our FAQ for answers to the most frequently asked questions about this product.