Cash Advance repayments are built to work hand-in-hand with your gig payouts and automatically adjusts with how much you earn. Before you accept your Cash Advance, you will be able to select how much of your gig deposits you want allocated towards your Cash Advance repayments, starting at 10%. Once you select your repayment allocation and accept your advance, you cannot switch your allocation until your next Cash Advance.
After you receive your Cash Advance, the percentage you chose of each gig payout deposited into your Moves account will be applied to your Cash Advance until the full amount is repaid. For example, if you select the 10% allocation, and have a $50 Uber deposit, $5 of that deposit will be automatically deducted as a Cash Advance repayment. When you repay your entire Advance with your gig deposits, your next Cash Advance will be made available to you immediately!
You are able to pay your Cash Advance at any time by clicking the 'Pay Now' button in the Cash Advance screen. If using the Pay Now feature there is a 5 day waiting period before you can accept your next Advance. Please note that our team cannot waive waiting periods on an individual basis.