Daily Remittance
The amount collected from a business each business day toward repaying a merchant cash advance or daily-pay loan, based on the agreed holdback or fixed daily amount.
Daily remittance is the practical, day-to-day version of the holdback percentage or fixed payment amount, and it’s what actually shows up as a debit against the business’s account or processing volume on a given business day.
Because it recurs so frequently, even a modest-looking daily remittance can add up to a meaningful share of monthly cash flow, which is why total daily and weekly remittance across all active financing is worth tracking, especially for a business with more than one advance outstanding.
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