What is Stripe Capital?
Stripe Capital uses your Monograph invoice payment data and other business data to automatically prequalify you for financing from its partners. The application takes just a few clicks, and if approved, funds can arrive in 1-2 business days.
Payment is simple: a portion of your clients’ Stripe invoice payments automatically goes toward your balance. Terms are transparent:
You choose the amount to finance with fixed costs specified
Payments are automatically made as a set percentage of Monograph invoice payments*
Once your financing is paid, you may qualify for additional offers.
Program eligibility
US-based Monograph firms enrolled in its integrated electronic payments tool powered by Stripe are reviewed for eligibility automatically on a daily basis. The criteria for eligibility is based on a number of factors such as your history with Monograph and your electronic payments transaction volume.
If you qualify, you’ll receive an email from Stripe and/or see offer information in Monograph. If not, you’re currently ineligible.
To improve your chances of eligibility:
Make sure your Monograph account is set up for payment processing. This not only supports eligibility but also speeds up payment, integrates with accounting, and improves client satisfaction.
Process as many client payments as possible through Monograph Payments. While not guaranteed, higher volume and history may increase your likelihood of receiving an offer.
How it works
Connect your account: Ensure your Monograph account is linked to Stripe for payment processing.
Select your offer: If prequalified, you’ll receive a financing offer from Stripe. Choose the amount that fits your needs and complete a quick application. See below for more details on the offer structure.
Receive funds: If you're approved, funds are deposited into your bank account, usually within 1–2 business days.
Automatic payment: Each invoice payment contributes a fixed portion toward your financing until the balance is paid.
Offer structure
If eligible, you’ll receive an email with your personalized offers or admins will see a promotional tile within Monograph. You can then choose the offer specifics that work best for your business. Each offer will outline:
The financing amount: The dollar amount that will be deposited into your bank account
The flat fee: The fee you’ll pay over time in exchange for the financing amount – there are no other fees and/or compounding interest
The total amount financed: The sum of the financing amount and the flat fee
The payment rate: The percentage of your invoice payments electronically processed through Monograph that will be withheld to pay the total amount financed
Here’s an example offer you might receive:
Financing amount: $17,000
Flat fee: $1,700
Total amount owed: $18,700
Payment rate: 12%
If you accepted the example offer above and were approved, you would receive $17,000 in the bank account associated with your Monograph account within 1-2 days along with your usual payout. Stripe would then withhold 12% of your daily transaction total in addition to the usual processing fees until you’ve paid down the total amount owed of $18,700 (the $17,000 advanced plus the $1,700 flat fee).
Payment
You’ll automatically pay the financing over time through a percentage of your transactions according to your payment rate. The payment process will begin automatically 1-2 business days after the funds have been deposited into your account. The more electronic payments you process through Monograph, the faster you’ll pay towards your financing.
If you would prefer to pay faster or pay the entire outstanding balance, you can arrange to make a manual payment in addition to the withheld amounts by clicking the ‘Make Payment’ button in your financing overview page within your Stripe Dashboard. There are no additional fees for early payment.
Paying early doesn’t guarantee subsequent financing offers. Accounts are automatically reviewed for additional offers on a daily basis and we’ll send you an email if you qualify for any additional offers.
Stripe Capital offers financing types that include loans and merchant cash advances. All financing applications are subject to review prior to approval. In the US, Stripe Capital loans are issued by Celtic Bank, and YouLend provides Stripe Capital merchant cash advances. See your Dashboard for the terms of your offer.
*Stripe Capital loans have a minimum amount due each payment period. If the amount that you pay through sales doesn’t meet the minimum required, your bank account will be automatically debited the remaining amount at the end of the period.