Renewals
See which funded merchants are ready to renew, which are close, and start the renewal deal in one click.
A funded deal becomes eligible to renew when the share of its payback collected reaches the renewal threshold. The threshold comes from the deal, then the lender (Renewal threshold), then your organization default in Settings → Organization → Deal math defaults (50% unless you change it).
Eligibility is checked every night from the payments you have recorded, so keep remittances up to date (see Funded deals and commissions).
Open Funded → Renewals to see three lists: Eligible now, Eligible within 30 days, and Later, with an estimate of when each merchant gets there at its current pace.
To renew, open the funded deal and click Start renewal. A new deal is created for the same merchant and linked to the original, ready for statements and submissions.
On plans with renewal automation, a renewal task is created for the deal's rep the day a merchant becomes eligible.