Archive for the ‘Cash Advance’ Category

Merchant Cash Advance

Monday, April 4th, 2011

If you’ve already got a merchant account and can accept credit cards, then you’re headed in the right direction to making your business successful.  So what else can you do? Many clients of Revolution Payment Systems are looking for ways to improve their POS systems, but don’t necessarily have the budget to add necessary services or upgrade retail credit card machines like they would like to do.  .

The concept of a merchant cash advance is simple; Revolution Payment Systems will pay you (give you cash in advance) for your future credit card transactions up front. As credit card transactions roll in to your business, Capital for Merchants gets paid back by taking a small, fixed percentage of those daily credit card transaction receipts.

While the concept is fairly simple, many people still have questions because they are so used to the complicated and frustrating way that banks loan money.  Let’s take a look at a few of the most commonly asked questions related to a merchant cash advance.

What qualifications do you need for a merchant cash advance?
To qualify for a merchant cash advance with Revolution Payment Systems, an institution typically has to be in business for a minimum of one year. The business must also be processing a minimum of $2,000 worth of credit card transactions a month, and have been accepting credit cards for up to six months prior to the time they apply for the merchant cash advance.

How quickly will I receive my cash advance?
After completing the Revolution Payment Systems advance application, you can expect the approved cash advance in as little as 72 hours.

How can I use the cash?
You can spend the money from your merchant cash advance from Revolution Payment Systems any way that you want. We are only interested in your continued success.

How much cash can I get?
Revolution Payment Systems can fund your business up to $250,000 per location depending on your businesses credit card transaction volume.

Posted in Cash Advance | No Comments »

Merchant Cash Advance

Monday, April 4th, 2011

Many of our clients and prospective clients are curious about what a merchant cash advance is and how it differs from a traditional business loan.  There are many differences.

First, the concept of a merchant cash advance is simple.  The provider, in this case Revolution Payment Systems, will pay you (the business) a certain amount upfront to use to grow your business or make necessary upgrades.  As your credit card transactions continue to roll in, Revolution Payment Systems, receives a small, fixed percentage of each of those transactions as payment for their advance amount, up to the point where the amount has been fully repaid.

In order to qualify for a merchant account from Revolution Payment Systems a business usually needs to be in business for at least one year and be processing a minimum of $2,000 worth of credit card transactions each month.  In addition, business must have been able to accept credit cards for at least six months leading up to the time of application.  Once your application is accepted and approved, you can expect to receive the full payment in as little as 72 hours.  This advance can be used any any way you wish, investing in a new POS system, purchasing inventory and anything else you can think of.

The final question that most people ask is “what’s the catch?”.  There is none.  This cash advance model provides you with the capital you need to grow your business without all of the hassle, red-tape and gimmicks of traditional bank loans.  You won’t have to worry about having enough cash on hand at the end of each month to make your loan payment because it will have already been paid for.

Tags: ,
Posted in Cash Advance | No Comments »