Customers use Flex Pay for important business expenses they do not want to (or cannot) put on a credit card. Flex Pay can be used for payroll, insurance, taxes, raw materials, inventory, leases, and more.
1. Get your Flex Account details
Once you’ve logged in and signed the Flex Pay Terms and Conditions, your newly created Flex Account details will be available in your dashboard. Simply copy the account and routing numbers and paste them into your vendors’ payment platforms. We’ll use your Flex Account to pay your expenses when we receive the ACH request from your vendors.
2. Pay with your Flex Account
When your vendors debit your Flex Account, we’ll cover the expense—up to your available limit. Flex Pay helps to ensure that your payments are made on time, giving you 3 extra business days to repay.
3. Repay your way
You can repay from your dashboard within 3 business days—with no fees when you pay by ACH. Otherwise, the outstanding amount will automatically continue as a draw on your available line of credit—up to your available credit limit (on a 12 or 24 week term, based on your preferences). If you do not have enough credit available, we will debit the difference from your primary business bank account.