Comparison
A neutral side-by-side, with the arithmetic, so you can pick the structure that fits.
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Short answer: Neither is cheaper, because the total repaid is the same. Daily payments are smaller and smoother, which suits businesses with daily card deposits. Weekly payments are about five times larger but land once, which suits businesses paid in weekly or irregular batches. Choose the rhythm that matches your deposits.
Key facts
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The same payback can be collected every business day or once a week. The total is identical; the effect on your balance is not.
A service company depositing about $55,000 a month asks for $20,000 for a vehicle. At a 1.24 factor the payback is $24,800, a cost of $4,800. Over roughly 5 months that is about $236 per business day, or close to 9% of monthly deposits.
Every figure on this page is illustrative arithmetic in Canadian dollars. It is not an offer, a quote or a promise of approval.
Look at your statement and find your weakest day of the week. If a weekly debit would land there, ask for a different day or choose daily payments. Matching the debit to your deposit rhythm is one of the easiest ways to avoid negative days.
A worked look: a payback of $24,800 over about 105 business days is roughly $236 a day or $1,180 a week. A business that deposits $2,500 every weekday handles either easily. A business that receives one $12,000 deposit every Thursday will see the daily debit chip at its balance all week; a weekly debit on Friday fits its rhythm better.
Neither costs more. Pick the rhythm that matches when your money arrives, and make sure the debit never lands before the deposit.
One practical test: look at your last three months of statements and find the lowest balance in each week. If that low point is still comfortably above one weekly payment, weekly debits will work. If it often dips close to zero midweek, daily payments are gentler on the account.
Reviewed by the Merchant Fund Express team on October 12, 2026. Official pages checked as of that date.
No. The total is set by the agreement.
Sometimes, by agreement.
Both are common; it depends on the funder and file.
Educational information only. It is not legal, tax or accounting advice.
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