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What does Factorable Balance mean?

Your factorable balance is your balance of approved unpaid invoices that is available to factor for rates as low as 1.0%.

You can find your Factorable Balance on the overview or balance tab. 

How do I use my factorable balance?

You can factor automatically and on-demand with your Outgo Card or when you transfer money. Learn more about smart factoring with your factorable balance. 

Why does my factorable balance say I’m over my limit? 

We set a factoring limit based on your unique business information. Learn more about factoring limits. 

What rates am I charged when I factor? 

Your rate is based on how you choose to spend. 

  1. The best way to save is with your Outgo card. When you factor with your Outgo Card your rate drops to 1.0%. 
  2. When you transfer money or factor on-demand you’re charged your max rate. 

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