Canada: Vagaro Capital Help & FAQ

Vagaro is partnering with Liberis, a leading global embedded finance platform, to launch Vagaro Capital.

Unlike a loan with an interest rate, late fees, and early repayment penalties, Vagaro Capital is not a loan and offers capital at an upfront cost. Payment plans are flexible, based on your future earnings/revenue, and no late fees or early payment penalties exist. However, you will be expected to operate your business in a way that ensures Liberis receives a minimum monthly amount of up to 3% of the total amount owed to Liberis.

Liberis will ask shareholders owning 25% or more of the company applying for the Revenue-Based Finance (RBF) to provide Performance Guarantees. Performance Guarantees are given by individuals rather than companies and are enforceable against individuals in respect of the company’s obligations under an RBF. By signing a Performance Guarantee, you agree to perform your business obligations and to pay the business’s liabilities to Liberis. If your business does not, The Performance Guarantee creates legally binding obligations, and so we advise You to take independent legal advice on any questions You might have in relation to it, before signing.

Revenue-based financing (RBF) is a method of getting capital for a business where the payment terms are tied to the business's revenue.

No, applying does not affect your credit score. Liberis will perform a soft credit check before accepting your application.

To determine your eligibility for funding, Liberis uses Equifax to conduct a soft credit check. If you have placed a hold on your credit information, you must unfreeze your credit report for at least 72 hours before starting the application process. This is necessary for Liberis to review your credit report and approve funding. Please ensure that your credit report remains unfrozen until you are approved for Vagaro Capital.

Yes. You can choose the amount of advance you would like and the percentage of future revenue you would like to pay toward the advance. This determines the fixed fee and the overall amount you will pay.

The eligible cash advance offer is determined by your processing volume over the past 30 days. The more you process, the larger the offer.

Yes, anyone with their own Vagaro merchant account can get funding.

Vagaro Capital is only available in the US, Canada, and the UK.

You may be eligible to fund a second location. Please contact Liberis for more information.

You can also view your application status from the Vagaro Capital Settings page:

You will also receive an email from Liberis if your funding is approved or denied.

Please contact Liberis for questions about your application. Go to the Vagaro Capital Settings page for the contact information.

Yes. Businesses that have paid 80 to 100% of their funding may be eligible for renewal. You will receive a notification in your Notification Panel when you're eligible.

There is no interest accrued with Vagaro Capital, just a fixed fee.

You will be expected to operate your business in a way that ensures Liberis receives a minimum monthly amount of up to 3% of the total amount owed to Liberis. This will be set out in your agreement with Liberis.

No, Vagaro Capital is not a loan. There is no fixed term. However, you will be expected to operate your business in a way that ensures Liberis receives a minimum monthly amount of up to 3% of the total amount owed to Liberis.

After you receive your cash advance, Vagaro Capital automatically withdraws daily payments (Split Payments) from your credit/debit card transactions. Vagaro Capital calculates the payment based on the percentage (Payment Speed) that was agreed upon when submitting your Vagaro Capital application. This means that payments will fluctuate depending on your daily credit/debit card earnings.

No, there are no additional fees for late payments.

No, the agreed-upon split percentage taken from each card transaction cannot be changed.

If a Booth Renter with an outstanding payment moves to another Vagaro business, they can transfer their employee information (and Vagaro Capital balance) to the other business. If they are not leaving for another Vagaro business, the employee will still need to make payments toward their funding.

You can review a Vagaro Capital Report from your Merchant Account. To get to the Capital Report:

No, you must pay off your Vagaro Capital balance before cancelling your Vagaro subscription or deactivating Vagaro Credit Card Processing.

If you are struggling to meet payments, please contact Vagaro support. We will always carefully consider the needs of our customers on an individual basis.