When it comes to cash flow issues, Discount Payment Services offers you a simple and flexible cash solution.
Receive cash up-front for a fixed portion of your future credit card and debit card sales. Then, as each transaction is settled, we retrieve a fixed percentage – we get paid when you get paid. Once reviewed for financing, you immediately receive a lump sum of cash to use for things like:
Payment card cash advances are a smart way to get working capital for many small and medium-sized businesses. Thousands of small businesses have used cash advances to obtain the working capital needed to stabilize, grow, and take advantage of opportunities.
A payment card cash advance is the purchase of future credit card receivables; it is not a loan and is sometimes called “credit card receivable funding” or “credit card factoring”. Eligibility for a payment card cash advance is primarily based on the strength and consistency of your business’ credit card sales. The amount you receive is based on how much you process from customers’ credit cards.
For many business owners, a payment card cash advances offers benefits that are not available from lenders and other financing sources. A loan is a lengthy and complicated process that includes excessive paperwork and low approval rates. Business owners also have to deal with security, fixed monthly payments, and restricted use of funds. Payment card cash advances, on the other hand, offer all the convenience that comes with higher approval rates, fast processing, and the fact that you don’t need to have perfect credit. While many working capital options might take weeks or longer to secure, a payment card cash advances puts money in-hand in as few as 3 business days, and this money can be used for any business purpose.
Perhaps best of all, a payment card cash advance is very “cash flow friendly” to the business. The advance is repaid automatically, by taking a percentage of your credit card transactions until the advance is fully repaid.
Let us help you see if a payment card cash advance is the right working capital solution for your needs.