Wodify Capital brings Stripe's business financing directly into your Wodify account, so you can review and manage a financing offer without having to reach out to Stripe directly. If your gym processes payments through Stripe, Wodify checks your account automatically and lets you know when an offer is available. 

Pre-Requisite Pro-Tip

There's no application to fill out to become eligible. You need at least 3 months of payment processing history, and a minimum processing volume (roughly $5,000/year and $1,000/month average, though the exact thresholds vary slightly by country), to become eligible to apply.

Step-By-Step How To: Find Wodify Capital

1. Go to Financial > Wodify Capital.
2. If your gym qualifies, you'll see an available offer listed here, along with an email from Stripe letting you know.
3. Review the offer details before deciding:
   1. The amount you'd receive upfront
   2. The type of financing (a loan, a merchant cash advance, or in some cases a line of credit; you can't request a specific type)
   3. The total cost: your amount plus one flat fee, no interest, no origination fee
   4. The repayment rate (the percentage of daily sales that goes toward paying it back)

Offers are only good for 30 days. If you don't see one, it just means your account isn't eligible yet. Wodify re-checks your account automatically, so keep an eye on this page and your email.

Step-by-Step How to: Accept an Offer and Track your Financing

1. From Financial > Wodify Capital, select the offer you want to accept.
2. Choose where you'd like the funds sent: your linked bank account or you may elect to do an Instant Payout for a small fee.
3. Once approved, funds typically arrive within 1 to 2 business days.

Repayment starts automatically. Stripe withholds a percentage of your daily sales until the balance is paid off, so you pay more on busy weeks and less on slow ones.

• Navigate to Financial > Wodify Capital anytime to check your remaining balance, repayment progress, and past financing history.
• You can always make an extra payment or pay the full balance early with no penalty.

For more information about Wodify Capital, you can reference this article from Stripe: https://stripe.com/capital

FAQs

1. What countries is Wodify Capital supported in? Answer: United States, United Kingdom, Canada, France, Germany, and Australia

2. How do I know if I qualify? Answer: You generally need at least 3 months of payment processing history and a minimum level of processing volume. Meeting those minimums doesn't guarantee an offer. If you don't see one yet, your account may not be eligible.

3. Who do I contact with questions about my financing? Answer: Stripe and its financing partner manage all underwriting, servicing, and support for Wodify Capital directly, not Wodify support. If you have a question about your balance, a missed payment, or your application status, contact Stripe's support team at support+capital@stripe.com