Your Yoco Capital funds are in your bank account and it’s time to put the plans for your business into action. Here are a few key things to remember about your business-boosting cash advance:
You repayments are automatically deducted as an agreed upon percentage of your daily sales.
On the days you don’t make any sales, no repayment is deducted.
Because your Yoco Capital repayments are calculated as a percentage of your daily sales, the more sales you make, the faster your Yoco Capital advance is repaid.
There’s no fixed repayment term for a Yoco Capital advance and no late fees or penalties apply if it takes you longer than expected to pay back the advance. Repayment delays may however affect your future Yoco Capital offers.
Early repayment options
You’re welcome to make lump sum payments towards your Yoco Capital advance or to settle the full amount early. Here’s how.
Open our in-app chat and select ‘Talk to a person’ to start a conversation with a Yoco Capital consultant.
Let the consultant know that you’d like to make a lump sum deposit or settle your Yoco Capital advance early.
The consultant will share the Yoco Capital banking details and a unique reference number with you.
✨ Important: Always let us know before you make any manual payments so that we can pause the automatic deductions.
Catching up on Capital repayments
If you’re behind on your Yoco Capital repayments, you can:
Increase your repayment percentage (to up to 90% of your daily sales), or
Make additional EFT payments.
Open our in-app chat and select ‘Talk to a person’ to start a conversation with a Yoco Capital consultant.
💵 Yoco Capital FAQs
Where can I check my repayment history? Your Yoco Capital repayments will appear as a line item on your monthly Yoco invoice. They can also be viewed via the Yoco Capital tile in the Yoco App (mobile or web).
Can I change my repayment percentage? No, you agree to the repayment percentage when accept the Yoco Capital offer, and this percentage remains in place until your cash advance has been repaid.
How do I qualify for another Yoco Capital offer? You could qualify for a Yoco Capital top-up while you’re repaying your initial cash advance. You’ll also be assessed for a new advance once you’ve paid back your initial advance. Click here to find out more about these options.