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So am I understanding this correctly? It is a fixed 10% fee, irrespective of the payment schedule. And then the payment schedule is simply taken as ~12%(increa
by ralusek 7y ago
So am I understanding this correctly?
It is a fixed 10% fee, irrespective of the payment schedule. And then the payment schedule is simply taken as ~12%(increasing as the amount loaned increases) of transactions processed through Stripe until 110% of the loaned amount has been deducted?
- deleted 7y ago[deleted]
- harshadante 7y agoHarsha from the Stripe Capital team here. The loan amounts, repayment rates, and fees shown on the landing page are just used as examples. That being said, the example you walked through is correct: for a loan with a 10% fee and a 12% repayment rate, Stripe will deduct 12% of your Stripe sales until 110% of the loan amount has been repaid.