Shopmonkey Capital

Shopmonkey Capital eligibility, offer structure, and the repayment process

Ashley Bennett avatar
Written by Ashley Bennett
Updated over a week ago

Shopmonkey Capital

Shopmonkey has partnered with Stripe to offer eligible businesses access to fast, flexible financing through the Shopmonkey Capital program. Through this program, Shopmonkey Capital offers financial assistance originated by Celtic Bank. Stripe helps Shopmonkey identify merchants using Shopmonkey Payments who may be eligible for this financing, so be on the lookout for an email about eligibility for Shopmonkey Capital financing.


Shopmonkey businesses are automatically reviewed for eligibility daily. You will be contacted via email if your business qualifies for an offer. The criteria for eligibility are based on several factors including your transaction volume and history with Shopmonkey.

Offer structure

If eligible, you’ll receive an email with your personalized offers and you can choose the one that works best for your business. Each offer will outline the following:

  • Financing amount: The dollar amount that will be deposited into your bank account

  • Flat fee: The fee you'll pay over time in exchange for the financing amount (there are no other fees and or compounding interest)

  • Total amount owed: The sum of the financing amount and the flat fee

  • Repayment rate: The percentage of your daily card transactions processed through Shopmonkey that will be withheld to repay the total amount owed

Here’s an example offer you may receive:

  • Financing amount: $17,000

  • Flat fee: $1,700

  • Total amount owed: $18,700

  • Repayment rate: 12%

Hypothetically, if you were to accept the example offer above, you would receive $17,000 in the bank account associated with your Shopmonkey account within 1-2 business days, along with your usual payout. Stripe would then withhold 12% of your daily transaction total in addition to the usual processing fees until you've paid down the total amount owed of $18,700 (the $17,000 advanced plus the $1,700 flat fee).


You would repay the financing over time through a percentage of your transactions according to your repayment rate. The repayment process will begin automatically 1-2 business days after the funds have been deposited into your account. The more card sales you process through Shopmonkey Payments, the faster you'll repay. There is no deadline to repay the financing and there is no accrued interest or late fees.

If you would prefer to repay faster or repay the entire outstanding balance, you can arrange to make a manual payment in addition to the withheld amounts by clicking the ‘Make Payment’ button on your loan overview page. There are no additional fees for early repayment.

Please Note: Repaying early does not guarantee subsequent financing offers. Accounts are automatically reviewed for additional offers daily and we will reach out to you via email if you qualify for any additional offers.

The minimum payment is the minimum amount that you’re expected to repay every 60 days, such that the maximum duration of the financing does not exceed 18 months. If the total amount that you repay through payments deducted from your sales in 60 days falls below the minimum payment requirement, you will be required to pay the remaining amount at the end of the period. You can view your minimum payment amount in your financing agreement.

To see a daily summary of your repayment progress, refer to the financing overview page.

Financing is issued by Celtic Bank. All financing is subject to credit approval.

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