Weekly Remittance
The total amount collected from a business over a calendar week toward repaying a merchant cash advance or similar daily-pay financing product.
Weekly remittance is simply the sum of that week’s daily remittances, and some funders structure collections on a weekly rather than daily basis to begin with, pulling one larger payment instead of several smaller daily debits.
Reviewing remittance on a weekly basis can make it easier to see the real cash flow impact of an advance compared to looking only at daily figures, particularly when comparing offers with different remittance frequencies.
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