Wix Capital: Using Wix Capital with a Third-Party Payment Provider
5 min
In this article
- Request a merchant cash advance with Wix Capital
- Checking the balance remitted
- Wix Capital terminology
- Troubleshooting Wix Capital issues
- FAQs
Before you begin:
Wix Capital is currently only available to eligible merchants in the US. It is not available in Utah, Connecticut, Texas, or Virginia.
Wix Capital gives eligible, approved businesses quick access to funds through a merchant cash advance (MCA). You can use the money for things like inventory, marketing, and other business costs.
For example, your online store may get a sudden increase in orders, and you may need funds right away to buy more inventory. Wix Capital lets you request a cash advance so you can keep your business running.
Request a merchant cash advance with Wix Capital
Wix Capital makes it easy to request a merchant cash advance that meets your business goals, even if your sales are processed outside of Wix Payments. Review your options and pick the cash advance that’s right for you.
Not eligible yet?
Cash advance eligibility is reviewed daily and is determined based on your overall business activity. You may not be eligible if your business is located in an unsupported US state. For details, contact Customer Care.
To request an MCA with Wix Capital:
- Go to Capital in your site’s dashboard.
- Click See Your Cash Advance Options.
- Select the cash advance you need:
- For a suggested amount: Click Access Funds on your preferred amount.
- For a custom amount: Click Choose Amount under Custom amount, drag the slider and click Access Funds.
- Review the fixed fee, total to remit, and estimated remittance period. Click Confirm & Continue.
- Enter your business name exactly as it appears on your bank statement.
- Click Continue to Connect to open Stripe’s secure connection screen.
- Follow the prompts to choose your US business checking account. Complete account authentication in Stripe.
Note: Only checking accounts are approved, savings accounts will result in an error. - Once your account is successfully connected, click Continue & Submit to finalize your request.
Checking the balance remitted
Wix starts collecting remittance 3–5 business days after your cash advance is approved and funded. Each day, a fixed percentage of your Square, Stripe, and PayPal sales is debited from your connected bank account. No sales means there will be no payment that day. Repayment continues until the total advance (plus fee) is complete.
If we can’t collect remittance on a day when you have sales, we’ll automatically try again on a following day, which may sometimes be a day when there are no new sales.
Tip:
The daily remittance calculation is based on your site's time zone, even if this is different from the time zone on your computer.
To check the amount remitted:
- Go to Capital in your dashboard.
- View remittance progress under Cash advance.
- Click Show cash advance details for daily breakdowns.
Wix Capital terminology
Understanding the terminology used in Wix Capital can help you navigate the process more effectively. Here are some key terms:
Terminology | Description |
|---|---|
Merchant Cash Advance (MCA) | The funds eligible users can request to receive in advance. The advance, plus a fixed fee, is collected as a percentage of your future daily sales from Square, Stripe, PayPal, or Wix Payments. |
Remittance | The process where Wix collects your cash advance and fixed fee from your daily sales with Square, Stripe, PayPal, or Wix Payments. |
Remittance rate | The percentage of your daily sales from Square, Stripe, PayPal, or Wix Payments that is deducted automatically each day until you’ve reached the total cash advance amount and fixed fee. |
Fixed fee | The fee calculated as a percentage of your cash advance amount. You’ll remit this, along with the total cash advance amount, over time. |
Total to remit | The combined amount of your cash advance and fixed fee that will be collected from your daily sales. |
Estimated remittance period | The estimated time needed to collect your cash advance and fixed fee in full, based on your past year’s sales. Actual time may be longer or shorter depending on your sales volume. |
Funding/Funds | Another way of referring to the cash advance amount you receive upfront from Wix Capital. |
Troubleshooting Wix Capital issues
If you see an error message during the onboarding process, click below to learn what it means and what to do next.
Wix Capital isn’t available in your business location
It’s taking a bit longer than expected to connect your bank account
Unable to access your bank account info
Verification transactions didn’t go through
Business name doesn’t match your account
Bank account disconnected
FAQs
Click a question below to find out more information.
Am I eligible for a Wix Capital cash advance if I use Square, Stripe, or PayPal?
Can I use a personal or savings account to receive funds?
Is Wix Capital available for all third-party payment providers?
Can I choose which sales are included in my remittance?
Are there states where Wix Capital isn’t available?
