Merchant Cash Advance is a profitable alternative for conventional loans in difficult financial conditions. Merchant Cash Advance offers a quick cash advance for your business with the help of an easy process of approval that is compliant with the Merchant Cash Advance regulations and laws. You have the facility of offering a portion of the revenues of your credit card to avail the cash advances for business purposes. There are some factors as to why you should opt for Merchant Cash Advance for your medium or small scale business

1. Quick Turnaround time: The conventional applications for loan may take ...

Merchant funding can be facilitated with a Merchant Cash Advance. It is another method of opting for a conventional bank loan. You would be able to procure cash that depends on your credit card sales. There are no individual guarantees involved to this type of cash advance. Merchant funding offers you working capital within three business days or less.

There are no limitations about using the money for business purposes. It enables you to enhance your business to the extent you desire. The process of merchant funding is fast and provides your business an easy payment term.

A merchant cash ...

In today’s worst hit economy, many of our business owners have lost more than what they have gained. There are instances where many professionals have borrowed much more money than what they have earned in the past which has resulted in more debt. The benefit of a merchant cash advance is that the individuals need to only have to repay it when their business begins to prosper in credit sales industry and make a significant improvement on their profit margins. This kind of payment option turns out to be less stressful than lending money from the banks, more headaches ...

As business owners we are always tend to be very busy with our clients when it comes to day-to-days dealing.

Below are some of the best to consider when entering a merchant cash advance agreement:

Contract/Terms & Conditions

Ø  Always read the entire document on contact or terms & conditions which includes the fine print

Ø  Do not sign the document until you have completely read the document and fully understood the provided information in contract

Ø  When not clear, Please ask more questions to your merchant cash advance provider to get more clarity on the information provided in the contract ...

Some General tips on credit card processing

In today’s scenario many of our ecommerce companies take easiest route with the best available services such as PayPal or brick. Business owners have enough going on in their daily busy schedules without having much to worry about getting ripped off by a credit card processor. You just need to negotiate.

Most of our business can have major savings just by re-examining the credit card processing terms and conditions.

Here are some of the tips that would guide or help you in your savings:-

Cancellation fees – Know them up front. 

Always read ...

The federal government doled out $30 billion dollars to small community banks to help small business get the credit they need. Instead of loaning the money to mainstreet, the banks repaid their TARP obligations. Only 4 billion or 13% of the money went to small business and I think it is crumb. The cake went to the banks to clear their books. This whole program was very disingenuous. It has become harder and harder for small businesses to get the credit they need.  

A recent study conducted by Pepperdine University found that 60% of small business loan applications were rejected ...

Merchants might get upset that the IRS's computer program to track merchant revenue does not take into account cash back. So merchants that provide this service for their customers could be on the hook for a bigger tax bill. Let's say a merchant gives $5,000 a month in cash back to his customers. His processor must report the merchant's monthly processing volume. The IRS program does not account for cash back. It treats that as regular earned income that the merchant must pay taxes on. Imagine paying taxes on an additional $60,000 that was basically ...

The Durbin amendment goes into into effect today, which will dramatically lower your card processing fees.

That's the good news. But there is a catch. If you are on a 3 tier or surcharge (billback) plan, you won't realize the savings. However, your processor will.   

The government is lowering the interchange rate or wholesale rate not the retail rate that you pay.  Think of it this way. You pay the retail rate at Starbucks when you buy a cup of coffee. Now if the government lowered the price of coffee beans, but not the price of a cup ...

The Visa Credit Card is one of the most respected and reliable credit cards in the world. This comes as no surprise since the company behind it has offered reliable and trustworthy services for many decades. The Visa Credit Card is also for its collaborations with many other companies and retail stores. There are many types of Visa Credit Cards available and you can pick from the wide selection of cards depending on your needs. You can also get a Visa Credit Card from any bank that is a member of the Visa association.

Visa was created by the banks ...

With the ever-growing popularity of plastic money, criminals have constantly developed ways to go around the credit card security system to take advantage of credit card owners and issuers - from actual stealing of the credit card itself to breaching of networks in order to get hold of sensitive information.

To address the problem of card theft, individual cardholders are always reminded to take care of their credit cards and to be cautious with whom and when to share credit card information. This minimizes the chance of others to take advantage of them. However, when it comes to network breaching, the ...