If you're on a variable repayment plan, the amount Wayflyer collects is based on a percentage of your revenue. This article explains how we calculate that revenue from your connected platforms.
Note: This only affects customers on variable repayment plans. If you're on a fixed repayment plan, your repayment amount stays the same regardless of your revenue, so none of the below applies to you. Not sure which plan you're on? Check your offer details in your Wayflyer account or reach out to your Wayflyer representative.
How your revenue is used
On a variable repayment plan, Wayflyer calculates your Daily Remittance Percentage from the revenue your business earns across all platforms connected to Wayflyer. The more accurate and complete your connected data is, the more accurate your repayments will be.
Example: If your collection rate is 10% and your calculated revenue for the period is $10,000, your repayment will be $1,000.
For more on how repayment plans work, see How does repayment work?
How revenue is calculated by platform
Wayflyer monitors your connected sales platforms to determine your revenue. This at a high level is your gross sales minus any applicable discounts, and is calculated daily. Here are some specifics about how this is calculated:
Any sales made on your platform are included in your daily revenue
Any manually input sales (draft orders) are calculated as revenue for the day they are input, not the day they are paid.
Refunds are not included in this calculation and will not be factored into your daily gross sales
Discounts and offers made to end customers will be applied to the revenue, so your revenue will be based on the purchase price of the sale, as opposed to the non discounted value.
Taxes and shipping costs will not be included as revenue.
Multiple platforms
If you have more than one eCommerce platform connected, we combine the revenue from all of them to calculate your repayment.
Tips for accurate revenue calculation
Keep all your sales platforms connected. If a connection drops, your revenue data will be incomplete, and you will need to reconnect. See Staying Connected.
Review your repayment history regularly in your Wayflyer account under the Advances or Tranches tab. If you ever feel your revenue is incorrect, do not hesitate to reach out.
Frequently Asked Questions
Does this apply to my fixed repayment plan?
No. This only applies to variable repayment plans. Fixed repayments are the same amount on the same schedule, regardless of revenue.
I have a large draft order, that is not being paid for 30/60/90 days, can this revenue calculation be deferred?
Draft orders are calculated as revenue on the day they are input into the system by default, and for the majority of such cases we will not be able to defer revenue calculation. If the resulting charge is significant enough that it would cause undue hardship for your business, please contact our support team or your account representative as soon as possible, we may be able to accommodate an adjustment.
Adjustments are reviewed case by case and aren't guaranteed. To help us review your request quickly, include:
The draft order(s) in question, including the amount and date
Your expected repayment compared to your normal billing
Why the charge would create hardship for your business
Why is my repayment higher than I expected?
Your repayment is based on the revenue calculated from your connected platforms for the period. Large orders, including draft orders, will increase your repayment for that period. If you think something has been calculated incorrectly, contact support.
Is there a cap on how much I can be charged during a revenue spike?
Some offers include a remittance cap, but only in specific circumstances. Check with your account representative for eligibility.
How often is my revenue calculated?
Revenue is calculated daily. If your repayments are weekly or bi-weekly the daily revenues for the entire billing period will be added together, and collected on your offer's billing cadence.