A Cash Advance are funds that are extended to you in exchange for a promise of your potential future earnings. For example, if we issue you a Cash Advance of $1,000, we will take back $1,050 (5%) of your future earnings, similar to a service fee. Your Cash Advance is intended to be used for business expenses (such as car repair, buying equipment for your car or bike, etc.).
To repay your Advance, 10% of each gig deposit that arrives in your account will be applied to the remaining balance until your account is settled. You are welcome to repay your Cash Advance early at any time, without additional fees. Cash Advances repaid early have a mandatory 5 day waiting period before you can request your next Advance.