Wayflyer offers a custom offer tool that gives you the flexibility to tailor your funding to match your specific business needs and cash flow requirements. You can adjust the funding amount and repayment terms to create an offer that works best for your business. This tool is only available to select clients, so if you receive an offer in your account without the ability to customize it, reach out to your account representative to modify your offer.
What you can customize:
When creating a custom offer, you have control over two main variables:
Funding amount
Adjust the total amount of capital you want to receive
This is subject to your approved maximum funding limit
Repayment amount (remittance)
Control how much you pay back each day or week
Depending on the funding product you are offered this may be set as a percentage of daily/weekly sales or as a fixed amount
Lower repayments extend your term; higher repayments shorten it
NOTE: Remittance rate will be subject to the maximum approved payback period, and will not be able to be reduced indefinitely.
How customization affects your offer:
When you adjust your offer parameters, three key metrics change automatically:
The fee
When you reduce your remittance (how much you pay back), your repayment period extends. This increases the fee because Wayflyer has longer exposure to the capital.
The estimated term
Lower remittance rates = longer repayment period. Higher remittance rates = shorter repayment period. The estimated term is calculated based on your historical sales data.
The total remittance amount
This is the funding amount + the fee. It represents the total amount you'll pay back to Wayflyer over the life of the advance.
Understanding the trade-offs:
Example: Lower remittance, higher fee
Scenario A: You receive $100,000 with a 5.5% fee and 26% daily remittance rate
Result: $105,500 total repayment over approximately 4 monthsScenario B: You receive $100,000 with a 8% fee and 17% daily remittance rate
Result: $108,000 total repayment over approximately 6 months
How to use the custom offer tool:
Review your sample offers
When approved for funding, you'll see 2 to 3 pre-generated offers with different funding amounts and repayment terms.Click "Customize Offer"
If the sample offers don't meet your needs, select the customize option to build your own.Adjust the sliders
Use the interactive sliders to adjust the funding amount and repayment rate.Review the impact
As you adjust the sliders, watch how the following change in real-time: The fee, term, and repayment rates.Select your custom offer
Once you've found the right balance for your business, proceed with your customized offer.
Frequently Asked Questions:
I can’t create an offer with a low enough fee or remittance rate, how can I change the offer more?
The custom offer tool only allows you to create offers that fall within approved risk and profitability parameters. You cannot customize beyond your approved funding limit or outside acceptable remittance ranges.
I had an offer last month which I want to accept now, can I still accept the offer?
Custom offers and sample offers have expiration dates. Review and accept your offer before it expires to avoid reapplying. If you are approaching the end of your offer’s expiration date and you would like more time, please reach out to your account representative, or the customer support team.
I received an email saying offers are in my account, but am not seeing anything when I log in. Do I have offers?
Offers should be displayed in your account, if you are not seeing offers it means one of two things.
Your account representative is working on custom offers for you, in which case reach out to them to view your offers.
There may be an issue with the offers displaying for your account. Reach out to [email protected] to have them identify why your offers are not displaying.