WooPayments

WooPayments + Stripe Capital

Grow your business with fast, flexible financing through Woo + Stripe Capital.

Woo has partnered with Stripe to offer eligible businesses access to fast, flexible financing.*

Through our partnership, Stripe helps Woo identify businesses using WooPayments that may be eligible for these loans. Your offer eligibility is based on a combination of factors, including overall sales volume and history with WooPayments – no long application required.* Get access to funds in as little as one day and better manage your cash flow.

Get funds quickly

No need to spend valuable time on a long application process. If approved, funds typically arrive the next business day and your eligibility is based on your history with WooPayments. Plus, no consumer credit check!

Forget interest rates

Pay one flat fee that will not change during the term of your loan. No interest charges or late fees – just simple financing that works for your business.

Pay when you get paid

Repayment is based on a fixed percentage of each transaction you make through WooPayments. With a fully automated process, you never have to worry about tracking repayments.

Imagine the possibilities

Use your Capital loan for what your business needs are, right now. Whether you need to refresh your inventory, revamp old equipment, or simply better manage your cash flow – we’ve got you covered. 

How it works

There’s no lengthy application process – if you’re eligible for WooPayments + Stripe Capital, you’ll receive an offer email from us.

Receive an offer via email.

Select your offer size that’s right for you.

Choose the loan amount that is perfect for your business needs and submit your application. The flat fee and repayment rate are set based on each offer amount.

If approved, receive your funds.

Pay down as you get paid.

Frequently Asked Questions

How do you determine who qualifies for an offer?

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.

Do I have to pay interest?

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

Can I request a different offer amount?

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.

When do I need to pay the flat fee?

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.

How does repayment work?

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.

What is a minimum payment?

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.

How do I make my minimum payment?

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.

After I accept an offer, how quickly will I get my funds?

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

What happens when my offer expires?

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.

How should I report these funds on my taxes?

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.

Who can I contact to learn more about the WooPayments + Stripe Capital program?

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.

Have more questions on how this product works?

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

*Stripe, through its bank partner, Celtic bank, provides Capital loans you obtain through any offer in a Woo email or dashboard message. Loans issued by Celtic Bank, a Utah-Chartered Industrial Bank Member FDIC. All loans subject to credit approval.