About Wix Capital
5 min
In this article
- Request an MCA with Wix Capital
- Checking the balance remitted
- Wix Capital terminology
- FAQs
Before you begin:
This offer is currently only available to merchants in the US.
Wix Capital provides quick access to funds, for eligible and approved users, to help grow their business (also known as a merchant cash advance, MCA). This can be incredibly beneficial when you need extra funds for inventory, marketing, or other business expenses.
For example, if your online store has a surge in orders and you need immediate funds for inventory, Wix Capital allows you to request the cash advance you need. This keeps your business running smoothly and stress-free.
Request an MCA with Wix Capital
Wix Capital makes it easy for you, as an eligible user, to request a cash advance that suits your business needs. You can start the request process and choose the right offer for yourself. Choose the cash advance you need and wait 1-3 business days for your request to be reviewed.
Not eligible yet?
Your eligibility status can change on a daily basis. You can go to Capital in your site's dashboard at any time to see if you have become eligible.
To request an MCA with Wix Capital:
- Click See Your Cash Advance Options.
- Select the cash advance you need from the available options.
Note: You can also choose a custom amount. The minimum and maximum amount you can request will appear on screen. - Click Confirm Amount.
- Agree to the Wix Merchant Cash Advance Agreement to submit your request.
What should I do once I submit my request?
- Wait 1-3 business days for your request to be reviewed. Once approved, funds will be sent to the bank account associated with your Wix Payments account.
- Funds are estimated to arrive 3-5 business days after approval.
Checking the balance remitted
We'll start collecting remittance from your daily sales 3-5 business days after you've been approved for your cash advance. The process is automatic and hassle-free.
Over time, you remit the total cash advance and a fixed fee through a percentage of your daily Wix Payments sales (determined within your Wix Merchant Cash Advance Agreement). The remittance is deducted from your daily Wix Payment sales until you’ve reached the total to remit. On days you don’t make sales, there’s no remittance.
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 site's dashboard.
- View your progress under Cash advance.
- (Optional) Click Show cash advance details to see more information about your cash advance.
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 that eligible users can request to receive in advance, which are remitted, along with a fixed fee, as a percentage of future daily Wix Payments sales. |
Remittance | The process where Wix collects the cash advance and related fixed fee from daily Wix Payments sales. |
Remittance rate | This is the percentage of your daily Wix Payments sales that will be deducted automatically until you’ve reached the total cash advance amount and fixed fee. |
Fixed fee | The fixed fee is calculated as a specific percentage of the cash advance you requested. You’ll remit it over time along with the total cash advance amount. |
Total to remit | This is made up of the total cash advance amount and fixed fee. |
Estimated remittance period | This is the length of time that Wix Payments estimates it will take to collect back the cash advance and related fixed fee. It’s based on your past year’s sales and it may take more or less time than this to fully remit the total cash advance amount and fixed fee. |
Funding/Funds | Synonymous with cash advance |
FAQs
Click a question below to find out more information.
Why am I currently not eligible to request a cash advance?
Why was my cash advance request not approved?
If I don't get approved for the cash advance, will it affect my credit score?
When will remittance begin?
Can I nominate a different bank account to send the capital to?
Where is the remittance taken from?
Which Wix Payments sales are included in daily remittance?
Why is the amount I received to my bank account less than what was shown in my Wix Merchant Cash Advance Agreement?
Why do I see different daily sales in the Cash Advance Activity table compared to my orders page and payments page?
