A weekly payment merchant cash advance collects one larger ACH debit each week instead of a smaller one every business day. The total you deliver is still set by the purchased amount on your offer; only the rhythm changes. InstaFunders offers weekly payments in many cases, and when your business's other advances are already weekly, weekly is available. It tends to suit businesses whose deposits arrive in fewer, larger amounts.
Weekly vs. daily payments: what's the difference?
With a daily schedule, a fixed amount is debited from your business account each business day, usually Monday to Friday. With a weekly schedule, a single larger amount is debited once a week on a set day. Either way, payments continue until the purchased amount (your hard stop number) has been delivered.
| Daily payments | Weekly payments | |
|---|---|---|
| How often | Each business day | Once a week, on a set day |
| Size of each debit | Smaller | Larger, roughly a week's worth of daily payments |
| Best match for | Steady daily sales, such as card-heavy businesses | Deposits that arrive a few times a week or less |
| Watch out for | Many small debits to track | Keeping enough in the account on debit day |
How does the weekly payment amount compare?
A week has five business days, so a weekly payment is generally in the region of five daily payments combined. The total you deliver over the life of the advance is set by the purchased amount on your offer, which is what to compare between options.
Hypothetical example. An advance with a purchased amount of $140,000 and a daily payment of $1,000 would take about 140 business days. On a weekly schedule, the payment would be around $5,000 a week, over about 28 weeks. These are round illustrative numbers, not an offer; your offer states your actual payment and frequency.
Because the debits are less frequent, weekly payments put more weight on timing. If your big deposits land on Thursdays, a Monday debit could hit a low balance. Ask which day the debit runs, and plan around it. You can model different payments in the calculator.
Who weekly payments suit
Weekly tends to work well when revenue arrives in chunks rather than as a steady daily trickle:
- Businesses paid by invoice or check, such as wholesale and distribution, where customers pay a few times a week.
- Contractors and trades that deposit progress payments or job payments rather than daily card sales.
- Practices that receive batched insurance payments, which tend to arrive in larger, less frequent deposits.
- Any owner who prefers a simpler ledger, with four or five debits a month instead of twenty-plus.
Daily often suits businesses with steady daily card volume, like many restaurants and retail stores, because each day's sales cover each day's payment.
Is a weekly payment schedule available to me?
In many cases, yes. Whether it's offered depends on your deposit pattern, your balances and any other advances you have. If your business's other advances are already on weekly schedules, weekly is available with us too, which keeps all your payments on the same rhythm.
Mention that you'd prefer weekly when you apply. The baseline requirements are the same as for any advance; see the requirements.
Honest trade-offs
- A larger single debit. If the balance is short on debit day, the payment can bounce and your bank may charge an NSF fee.
- Less visibility day to day. It's easier to spend the week's deposits before the debit runs. Some owners set the payment aside as it comes in.
- It doesn't change the cost. The purchased amount on your offer is what you deliver, whatever the schedule. Read it the same way; see how to read an MCA offer.
Frequently asked questions
Can I get a merchant cash advance with weekly payments?
In many cases, yes. InstaFunders offers weekly payment schedules depending on your deposits, balances and existing advances. If your business's other advances are already weekly, weekly is available. Say you'd prefer weekly when you apply.
Is a weekly payment five times the daily payment?
Roughly, because a week has five business days. Your offer states the exact weekly amount. The total you deliver is set by the purchased amount, so compare purchased amounts when you look at daily and weekly options.
Which day of the week is the payment taken?
A weekly payment is debited on a set day each week. Ask which day before you sign and choose one that falls after your larger deposits usually arrive, so the balance is there when the debit runs.
Can I switch from daily to weekly payments later?
Ask us. A change to the payment schedule is a change to your agreement, so it's reviewed rather than automatic. If your sales have dropped, a reconciliation may be the more useful conversation.
Are weekly payments better than daily?
Neither is better in general. Weekly suits businesses whose deposits arrive in larger, less frequent amounts and owners who want fewer debits to track. Daily suits steady daily sales. The right schedule is the one that matches when your money comes in.