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Weekly payment
Also called weekly remittance, weekly debit, weekly ACH.
Repayment debited once per week instead of every business day, which leaves the same total cost but changes how the money moves through the operating account.
Drafted with AI assistance and checked by a person. Its factual claims were verified against the sources listed at the end, by Find Me Funders research desk.
What it means
The total obligation is unchanged; five daily debits and one weekly debit of the same aggregate amount deliver identical dollars over the same period. What changes is the timing pattern and, with it, the operating experience.
Weekly is easier to plan against and easier to reconcile against a payroll cycle. It also concentrates the withdrawal: a single larger hit is more likely to overdraw an account that runs thin on particular days than the same money spread across five. Businesses with lumpy deposits — a few large customer payments a month rather than daily card volume — usually do better weekly. Businesses with daily card revenue often do better daily.
Funders treat weekly as a small concession and generally extend it to stronger files, or use it as a way to make a payment schedule survivable on a file that will not support the daily equivalent. It is one of the more negotiable terms in an offer and is worth asking for.
Some contracts specify a fixed debit day and treat holidays and non-business days by moving to the next business day, which can produce two debits close together in a month with an awkward calendar.
Where this one catches people
Switching from daily to weekly is presented as reducing the burden. It reduces the frequency, not the burden, and it can raise the failure risk. A business that clears $520 a day comfortably may not have $2,600 sitting in the account on Monday morning, particularly if rent and payroll clear the same week. The relevant test is the lowest balance the account reaches in a normal month, not the average.
Worked through
Illustrative only. $130,000 total repayment over 12 months. Daily across roughly 252 business days: about $516. Weekly across 52 weeks: $2,500. Same $130,000. The daily version needs $516 available most mornings; the weekly version needs $2,500 available on one specific morning, in the same week rent and payroll clear.
Figures in the example are illustrative. They show the arithmetic, not a quote — what any one lender would charge is on that lender's page, where it is published at all.
Where you will meet this term
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Sources and checks
Every figure on this page traces to a document someone read, on a date. Where a check is past its review date it says so rather than passing as current.
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130,000 over 12 months is about 516 a banking day across 252 days and 2,500 a week across 52 weeks, the same total on both schedules
example130,000 / 252 = 515.87, i.e. about 516. 130,000 / 52 = 2,500.00 exactly. Both schedules deliver 130,000, confirming the entry's claim that frequency changes timing and not total. The trap's 520-a-day / 2,600-a-week pairing also checks: 520 x 5 = 2,600.
Weekly payment — common questions
What does weekly payment mean?
Repayment debited once per week instead of every business day, which leaves the same total cost but changes how the money moves through the operating account.
Where does weekly payment catch people out?
Switching from daily to weekly is presented as reducing the burden. It reduces the frequency, not the burden, and it can raise the failure risk. A business that clears $520 a day comfortably may not have $2,600 sitting in the account on Monday morning, particularly if rent and payroll clear the same week. The relevant test is the lowest balance the account reaches in a normal month, not the average.
Is weekly payment the same as an interest rate?
Weekly payment is defined above; if you are comparing it against a rate, check whether the two measures share a time dimension before you put them side by side.
Which products does weekly payment apply to?
Merchant Cash Advance, Working Capital, Term Loan.
Is there a worked example of weekly payment?
Yes, on this page, and it is labelled illustrative. It shows the arithmetic, not a quote from any lender.
What else should I read alongside weekly payment?
ACH debit, Average daily balance, Daily debit, NSF fee, Term.
Has this definition been checked?
Yes. Its claims were verified against the sources listed at the end of this page, and the reviewer is named.
Is this legal advice?
No. It is a definition. What a clause does in your contract, in your state, is a question for a lawyer licensed where you are.
Can I suggest a term?
Yes — [email protected]. The glossary grows from what people are actually shown in contracts.