Understanding spending limits at Cloudfloat

Unlike traditional forms of credit, your Cloudfloat account does not come with a preset spending limit. However, no preset spending limit does not mean no limit. Instead, Cloudfloat uses a dynamic credit capacity that adjusts based on factors like your purchase, repayment history, and credit history.

If you're unsure whether a payment request will be approved, start with smaller transactions to build your history and increase your limit. For any questions, our Customer Success Team is here to help at success@cloudfloat.com. 



Tips for building your spending capacity

• Use your Cloudfloat wallet. Enable auto top-ups to avoid missed payments and making sure repayments are never late, this greatly improves your dynamic limiting with us.
• Use your account regularly to pay off tax invoices, gradually increasing the number of suppliers and your total monthly payments.
• Always pay your instalments on time
• Get ahead of the due by date and pay suppliers on time to maintain a strong credit profile and enhance your credit capacity



Apply for approved limits

To apply for an approved credit limit with Cloudfloat, you'll need to demonstrate a strong credit history, maintain business certification compliance, and meet specific financial and structural metrics, all of which must be validated at the time of application.