For each invoice cleared, the repayment is made up of the invoice amount and a clearing fee.
Your payment will be debited from your bank account automatically using the ACH system each Wednesday. All you need to do is make sure there are sufficient funds in your account when we debit it to avoid additional fees associated with a missed payment.
As soon as you clear an invoice, we'll send you an email with your repayment plan. The repayment period is spread over twelve or twenty-four weeks (depending on which plan you chose), starting eight days after you cleared the invoice. Please note that the dates in the email are optimal, and depending on your bank, it may take up to 3 business days for the transaction to reflect in your bank account.
If at any point during the repayment period you wish to repay the amount due early, we will waive the fees for the remaining period. So you only ever pay for the time you used our service.