Wayflyer provides funding to eCommerce companies by purchasing a percentage of your future revenue up to an agreed amount. What this means is that you will transfer us a specified percentage of your future sales until Wayflyer receives the total amount it has purchased from you. This means that if your sales slow down, so do the transfers to us. No interest applies to our cash advance so you will know the total cost before you accept your offer.
We like to keep things simple and we hate surprises. A fixed fee is applied to the total amount of funding you get. This is typically between 2% and 8% of the funding but it all depends on your business. Signing up and applying for funding is completely free. There are no origination fees, no annual fees, no monthly maintenance fees, no documentation fees, no interest rates and no other hidden fees.