Accessing your approved funds
There are two ways to access funds through Wayflyer:
Self-serve drawdown. You've been approved for a certain amount and can configure the terms yourself in the app, including how much to access, your remittance type, and your schedule.
Offers. Wayflyer has published an offer for you with pre-set terms. You review and accept it through the app.
Once you confirm either option, funds are typically deployed to your account within 2 business days or on the agreed deployment date.
Self-serve drawdown
If you have an available balance on your dashboard, or you've been approved for a self-serve drawdown, you can configure the terms yourself in the app.
What you can configure
Amount. Choose how much you'd like to access, up to the amount you've been approved for.
Remittance type. Choose between percentage of daily sales or fixed amount (options depend on your business type and location).
Remittance amount. Set the specific percentage or fixed amount per collection.
Remittance frequency. Choose from daily, weekly, or fortnightly (options depend on your business type).
What you'll see before confirming
Before you confirm, the app shows you a clear summary:
The total fee for your drawdown
The total amount you'll remit (your drawdown amount plus fee)
An estimated term length
A projected remittance schedule
You can adjust your settings and preview the summary as many times as you like before confirming.
Example
You're approved for up to $200,000. You decide to access the full amount with a fixed daily remittance of $1,600.
The app shows you:
Fee: $18,000
Total to remit: $218,000
Estimated term: ~136 business days (~6 months)
Schedule: $1,600 collected daily until the full amount is remitted
You review, confirm, and funds are deployed within 2 business days or on the agreed deployment date.
One drawdown pending at a time
You can only have one drawdown pending deployment at a time. Once deployed, you can take additional drawdowns straight away.
Multiple drawdowns and remittances
If you take a new drawdown while you're still remitting on a previous one, your remittances are blended by default. This means you make a single collection that covers both drawdowns, rather than two separate collections.
For example, you have an existing drawdown with $15,000 remaining. You take a new drawdown for $20,000. Instead of two separate daily collections, your remittances are combined into one daily amount that covers both.
If you'd prefer to keep remittances separate for each drawdown, your account manager can set this up for you.
Offers
Wayflyer may publish offers for you based on your current profile. When approved for funding, you'll typically see 2 to 3 offers with different funding amounts and repayment terms.
How offers work
You'll see the offers in your app with a summary of the terms, fees, and estimated remittance schedule
Review the details and accept the offer that works best for you
Once accepted, funds are deployed in the same way as a self-serve drawdown
Can I change the terms on an offer?
Offers are not configurable in the app. If you'd like different terms (for example, a different amount, remittance type, or frequency), speak with your account manager. They may be able to adjust and republish the offer for you.
Offer expiry
Offers have an expiry date. If you don't accept an offer before it expires, it will no longer be available. If you're approaching the expiration date and need more time, reach out to your account representative or the customer support team. Your account manager can also publish a new offer if needed.
What affects pricing?
Your pricing depends on the specifics of each drawdown:
How much you access. Larger or smaller amounts may carry different fee rates.
Your remittance settings. How much you remit per collection and how often affects your total cost. Lower remittance amounts extend your repayment period, which increases the fee because Wayflyer has longer exposure to the capital. Higher remittance amounts shorten the term and reduce the fee.
Your business performance. Wayflyer reviews your recent revenue and overall business health when determining pricing. If your business performance changes between reviews, pricing may adjust accordingly.
Revenue-linked remittances. If you're remitting a percentage of daily sales, your expected sales volume affects how quickly you'll remit, which influences your effective rate. The estimated term is calculated based on your historical sales data.
Example of how remittance settings affect pricing:
Scenario A: You receive $100,000 with a 5.5% fee and 26% daily remittance rate. Result: $105,500 total repayment over approximately 4 months.
Scenario B: You receive $100,000 with an 8% fee and 17% daily remittance rate. Result: $108,000 total repayment over approximately 6 months.
Pricing is always shown clearly before you confirm. There are no hidden fees.
When do funds arrive?
Self-serve drawdowns are typically deployed within 2 business days of confirmation.
Offers include a specific deployment date, which may be set in the future. You'll see this date before you accept.
Cancelling a drawdown or offer
If you need to cancel a drawdown that hasn't been deployed yet, contact your account manager or our support team.
Frequently Asked Questions:
What does "principal" mean?
Your principal is the amount you drew, not including fees. For example, if you draw $30,000 and the fee is $1,800, your principal is $30,000. Fees are charged on top and shown separately.
Can I change my remittance settings after confirming?
No. Your remittance type, amount, and frequency are set when you confirm your drawdown. If you need to make changes, contact your account manager.
What's the difference between a self-serve drawdown and an offer?
With a self-serve drawdown, you configure the terms yourself: amount, remittance type, frequency, and schedule. With an offer, the terms are pre-set by Wayflyer. If you want to adjust an offer's terms, speak with your account manager.
Can I request a self-serve drawdown instead of an offer?
Speak with your account manager if you'd like access to a self-serve drawdown instead of an offer. They may be able to make it available for you.
What if my drawdown amount is limited?
The maximum you can access depends on what you've been approved for. If you have Always-On access, this is your available balance. If you received an offer, this is the amount on that offer. For more on how your Flex Limit works, see Understanding Your Flex Limit.
I can't set the remittance rate or amount as low as I'd like. What can I do?
The app only allows you to configure terms that fall within approved parameters. You cannot go beyond your approved funding limit or outside acceptable remittance ranges. If you need terms outside what's available, speak with your account representative.
I had an offer last month that I want to accept now. Can I still accept it?
Offers have expiration dates. Review and accept your offer before it expires to avoid needing to reapply. If you're approaching the expiration date and would like more time, reach out to your account representative or the customer support team.
I received an email saying offers are in my account, but I don't see anything when I log in.
This typically means one of two things: your account representative is working on offers for you (reach out to them to check), or there may be a display issue with your account. Contact [email protected] to have the team investigate.
I have questions about my drawdown. Who should I contact?
Reach out to your account manager or contact our support team.