How do I determine what percentage of my capital repayment goes to interest and principle?
I know the percentage of daily card sales goes towards my repayment, but how do I determine what is going to interest and what is going to the priciple?
Hi @SDappliance, we aren't currently able to separate the two. However, you are able to see the total fee upfront when you accept Capital. The total amount owed never changes, and your fixed payback rate is in addition to Square’s normal processing fees. You should be able to determine the percentage from here.
Hi @SDappliance, we aren't currently able to separate the two. However, you are able to see the total fee upfront when you accept Capital. The total amount owed never changes, and your fixed payback rate is in addition to Square’s normal processing fees. You should be able to determine the percentage from here.
Would be a perfect world if you took your capital fees before taking processing fees. Also think about making loan fees as monthly fixed rates rather than daily % of sales rates.
Square Community