Merchant Account: Get to Know More

Image Source: http://www.emerchantbroker.com/blog/how-to-accept-credit-cards-on-your-website

Many businesses nowadays are now accepting payments not just limited to cash but also credit and debit cards. They need to have a merchant account in order to process such payment modes. Merchant account is dedicated to accommodate a merchant's business where it’s allowing businesses in accepting debit cards, credit cards, gift cards and other modes of electronic payment made by customers for the merchant's goods or services.

There are 4 key players involved in merchant account. They are:

• The merchant
• The merchant's financial institution in which he holds an account
• The customer
• The customer's card issuer

How will it work? 

It is when a customer buys a merchant's goods or services by paying for it through an electronic medium  issued by his preferred banking service, the transaction is passed on to the merchant's financial institution for approval. Once the transaction is approved by the financial institution in which the merchant holds an account, the amount gets credited to his account.

Now, there are so many credit card processing services who offer merchants a bunch of value added benefits for their merchant accounts. And choosing a reputed, credible and experienced credit card processing service provider can be very beneficial to one’s business enterprise.

Merchant Cash advance is good for business!

For more information regarding Merchant Cash Advance visit:

ExpiTrans

http://www.expitrans.com

1401 Dove St Suite 260
Newport Beach, CA 92660
Tel: +1 949-650-4600
Fax: +1 949-642-6044

Take Advantage of Merchant Cash Advance

Image source: http://images.businessweek.com/story/09/600/0109_merchantcc.jpg

One of the biggest obstacles in starting a business is money. We may have the vision to start a business, but not all of us are blessed with bountiful bank accounts to start a business easily. A business cannot flourish without money. The simple logic is: "Money makes money."

The Problem: We all know that owning a business can really take a toll on your finances; specially if your small business is just starting out or is "out of season." A Business will need a lot of patience, hardwork and sufficient funds, before it can even become profitable. There's a high possibility that your business will experience a cash flow problem and in a  dilemma on how to get a quick cash advance meet your business obligations; weather it be for bills, renovation and improvements or whatever the business needs, some will require quick intervention and funding.

Where do you get the money?

The "Immediate" Solution: Bank Loans.

Bank Loans undergo an excruciating underwriting process that can take weeks before you are notified if you are approved or denied. Depending on the loan size, the funding bank will need certain documentation such as personal tax returns and other financial statements. how can you resolve the immediate and long term capital issues that your business routinely face?

The Better and Faster Solution: Merchant Cash Advance

While Bank Loans takes forever to get processed, merchant cash advances are processed much quicker and more convenient depending on the need for the funds. Primarily, a Merchant Cash Advance would require a merchant account for credit card transactions, the loans you are going to get are based on your credit card volume. Technically, the lender considers your Credit Card history as an Asset!

Approval and funding is fast and convenient. You will get your required funds within 1 week!

Most Loans require Collateral for borrowing funds; Merchant Cash Advance on the other hand just requires the business owner to sign an agreement for the use of future credit card sales for the repayment of the loan. Typically there is no personal guarantee and will not affect the business owners personal credit. 

Talk about low risk!

Merchant Cash advance is good for business!

For more information regarding Merchant Cash Advance visit:

ExpiTrans

http://www.expitrans.com

1401 Dove St Suite 260
Newport Beach, CA 92660
Tel: +1 949-650-4600
Fax: +1 949-642-6044