Weekly Remittance: Meaning in a Merchant Cash Advance
A weekly remittance is a merchant cash advance payment collected once a week instead of every business day. The weekly amount roughly equals what several daily payments would total, so the cost is the same but the rhythm is different.
What does weekly remittance mean?
Some owners prefer to see one debit a week rather than five. A weekly remittance bundles the collections into a single larger payment on a set weekday. The funder still sizes it from your expected sales. You just deal with it once instead of every morning. Funders often offer weekly schedules to businesses with lumpier deposits, like contractors or businesses paid by invoice.
Why does weekly remittance matter to your business?
Weekly payments are easier to plan around, especially if your deposits arrive in batches. The trade off is size: a weekly debit is bigger, and if it lands on a day when the account is low, the whole payment can bounce at once. Pick the payment day carefully, ideally the day after your largest regular deposits arrive, not the day rent or payroll leaves.
How do you choose daily or weekly?
Ask for both on your offer if you're unsure. Seeing the two side by side, with the same total payback, makes it clear which rhythm fits your deposits. Weekly schedules sometimes come with slightly different pricing, so compare the totals too.
How do you plan for a weekly debit?
Put the weekly debit on your calendar like rent. Knowing the exact day it lands makes it easy to keep the account ready.
Where will you see it?
In the payment frequency section of the contract and on your bank statement as one recurring debit per week. Your offer should state the weekly amount and the estimated number of weeks.
Which terms are related to weekly remittance?
The full list is in the glossary. Owners ask about this in Can I make extra payments on my merchant cash advance?.
A term on your offer you don't recognize?
Send us the line and we'll tell you what it means. Call 877-FUND-654 with any question. We call you back, usually the same business day, and we always talk with you before we shop your file.