Hi, I am considering Shopify capital and want a better understanding on the monthly payback portion. It says that it takes out a percentage of our daily earnings and If we don't meet those daily gross. earnings then it'll take a certain amount. My question is what is that amount that could possibly be taken if I don't meet my daily gross isn't met?
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A casual glance doesn't reveal such, just a 10% skim on daily earnings.
I'd be more concerned that there's no way to settle the debt until at least 25% of the debt has been cleared via daily skim on your profits. And that the folks offering the credit seem to allow fraudulant activities across their platform.