It varies by business. Your business’s cash advance payment schedule will match your payout schedule with Mindbody today.
For example, if you’re currently on weekly payouts, our partner Parafin will collect payment weekly after your merchant payout. Your payment won’t be charged until after you’re paid by Mindbody.
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 Merchant cash offers and advances and bank transfers are subject to review and may be rescinded.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.