On receipt of your Business funding, the repayment process begins automatically. From this point on, whenever one of your customers pays you on card, a small percentage of that sale will go towards paying off your funding.
The flat percentage value is agreed before the point of funding and will stay the same regardless of the transaction value.
For example, if it’s 5%, it will be 5% of a €10 sale or a €1,000 sale. The repayment value flexes to the size of the transaction. This process will repeat until the funding is fully repaid.