What is a renewal?
A renewal lets you apply for a new cash advance while your existing deal is still running. Once approved, the new funding replaces your previous deal — your outstanding balance rolls into the new arrangement, and you receive fresh capital on top.
Over 80% of Flatpay Capital merchants choose to renew, and it's a great sign that the product is genuinely working for them.
When can I renew?
You can apply for a renewal once you've repaid a significant portion of your current advance.
When this threshold is reached, you'll see a banner in the Capital section of your Flatpay dashboard inviting you to re-apply.
What happens to my existing deal?
When your renewal is approved, your old deal closes and is replaced by the new one. Your repayment percentage (or fixed weekly amount in Denmark) is updated to reflect the new total balance going forward.
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