It’s not required, but if you want to, you are able to make a one-time payment to pay part or all of your outstanding balance. This option is available after you’ve paid at least 25% of your advance with automatic sales-based payments. Paying off your advance earlier than the expected timeframe does not change the total amount you'll pay.
To make a one-time payment:
- Access your payment dashboard
- Click Make a one-time payment
- Enter how much you’d like to pay or select the outstanding amount
- Click Submit
Please note that payments cannot be canceled or refunded.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.