Learn about Daily Advance
Summary
- One-line takeaway: Daily Advance helps eligible sellers get paid faster after shipping.
- Core Value/Change: ① Get paid on shipment day +1 ② Receive up to 80% daily on prior-day shipped net sales ③ Remaining 20% arrives after TikTok payout minus fee
- Seller Benefit: ① Restock faster after demand spikes ② Unlock initial “On hold” cash lump sum ③ No cap, can support scaling
- Thresholds & Requirements: ① Available only to eligible businesses ② Offer appears in Seller Center > Capital ③ Typical start in 24 hours after applying
- Immediate next action: Check Capital tab for your offer
Sometimes you don’t need a loan, you just need to get paid faster. That’s why TikTok Shop Capital offers Daily Advance, powered by Storfund.
Here's how it works:
Storfund charges a low, fixed fee - equivalent to 0.3% or less per day - on your running total. That’s the total amount of advances you’ve received that haven’t been repaid by your marketplace payouts.
On average, Daily Advance users pay between 1 - 2% of their net sales annually.
Watch how the Daily Advance fee works below.
If you are interested in using Daily Advance, Storfund will create a simulation with your sales data so you can see what you would have paid over the previous month, and what you will likely pay over a year.
What is Daily Advance?
With Daily Advance, you get paid as soon as you ship. Yes, it’s that simple. Watch the explainer below.What are the benefits?
- Restock immediately. Got a bump in sales after a live stream? With Daily Advance you can restock immediately and keep your momentum going.
- Getting paid earlier - even by a few days - can double your sales. Even if you get paid every day, TikTok Shop’s payment terms mean there is a delay between sale and payment; Daily Advance will optimize the flow of capital into your business and accelerate your growth. Watch the video below to see the impact of faster payments.
- Cash injection. Daily Advance will also provide a cash lump sum for your business, because you’ll receive your "On hold" amount with your first advance.
- Hit scale. There’s no limit to how much you can receive; no matter how high demand grows, Daily Advance will match it.
The basics
How Daily Advance works
Daily Advance advances you money each day on the sales you have made through your TikTok Shop. Instead of getting paid after delivery, you get paid on shipment day +1.Here's how it works:
- Sell as usual through your TikTok Shop and ship your orders.
- Each day receive a payout of up to 80% of sales shipped the previous day. (Payouts are based on net sales, i.e. gross sales minus fees and refunds)
- When TikTok Shop pays out, you receive the remaining 20%, minus Storfund’s fee.
What it costs
No subscription, no setup fee: pay for what you receive, stop whenever you want.Storfund charges a low, fixed fee - equivalent to 0.3% or less per day - on your running total. That’s the total amount of advances you’ve received that haven’t been repaid by your marketplace payouts.
On average, Daily Advance users pay between 1 - 2% of their net sales annually.
Watch how the Daily Advance fee works below.
If you are interested in using Daily Advance, Storfund will create a simulation with your sales data so you can see what you would have paid over the previous month, and what you will likely pay over a year.
Client testimonial
In this video, Oudlash, an Orlando-based Arabian fragrance brand, shares how using Daily Advance helped them keep up with viral demand and scale their business.How to get Daily Advance
If your business is eligible for Daily Advance, you will find your offer in the Capital tab in Seller Center.FAQs
| How quickly can I start receiving Daily Advance? | Typically, you can start receiving funds in 24 hours after applying for the service. Funds go to the bank account of your choice automatically, with no data submission or payment requests required from you. |
| Once I start using Daily Advance, am I locked in? | No, you can cancel the service at any time, there is no minimum term. |
| Why might my application be rejected by Storfund? | Daily Advance is a product that isn’t suited to every business. Storfund applies eligibility requirements to ensure it will be right for you. Whatever the reason, your Storfund account manager will explain it to you, and it may be the case that Daily Advance could become suitable for your TikTok Shop in the future. |
| Who is Storfund? | Storfund is a global fintech, it provides Daily Advance to sellers on over 35 marketplaces worldwide. Check them out at storfund.com/tiktokshop |
| What should I do if I have more questions? | For more details on Daily Advance, watch the video in TikTok Shop Academy or contact Storfund at tiktok@storfund.com and +1 (415) 570 8768. Their team are multilingual and US based. |