Level funding is structured as a cash advance, not a loan, which means with the Level Advance you get the funding amount outlined in your offer and repay as a percentage of your earnings. Repayments will be automatically deducted as a percentage of your earnings on Taskrabbit until your balance is repaid. That means there is no interest - you’ll pay a single fixed fee which is clearly stated in the overview of your offer before you accept.

When you accept your Level Advance you'll set up a Level Earnings Account so we can deposit your funds and then redirect your future payments on Taskrabbit to that account until your Advance funds are repaid. You'll automatically get a virtual Level Debit Card you can use to spend your funds, and you can request a physical card to be sent to your address as well. Lastly, you can send your funds to other bank accounts any time if you'd like.

Taskers use Level funds for lots of things, such as tools, work materials, new tires, repairs, maintenance, gas, other day-to-day operating expenses and more, use your imagination!