Nearly every established business needs extra money for expansion, advertising, and other business reasons. Most probably, traditional lending companies like banks will not be able to provide financing for expansion. Nonetheless, there are other solutions. For example, reputable merchant account providers like Canadian Merchant Account Services, are more than pleased to provide help for businesses to get merchant account funding.
How Merchant Account Funding Works
When a company accepts credit cards as mode of payment, they do have an available cash flow asset. This asset may be leveraged any time and be used as an instant source of capital. This process is called merchant account factoring.
While this may look the same as a loan, it doesn't work in the same principle. In merchant account funding, you're actually selling your future credit card sales to the merchant account provider at a slight discount. In this set-up, you stay away from the hassles of applying for a loan at the bank. There are no queues and the approval is quite fast.
Application Process
To apply for a merchant account, visit the provider's website, complete the application for a funding request, and then wait for a return call. As soon as the application is approved, the funds go directly to your bank account in a few days. Some providers may offer next day funding, but usually, you can expect the funds in 5 to 7 business days.
In the application form, there are a few questions you need to answer. These answers will determine if you can get approved or not. These will include your business name, contact information, approximate number of sales in a month, your credit card service provider, etc. Make sure to specify when you will need the funds as well.
Purposes of Funding
The funding can be used for a variety of reasons. Here is a list of possible excellent reasons to get approved:
• Company expansion
• Relocation
• Renovation
• Advertising
• Emergency purchases
• Equipment purchases
• Debt payments
• Payroll
• Tax payments
Not all companies have the necessary finances when the need arises. Hence, businesses can truly make use of the benefits that they can get from this source of financing. If traditional financial sources aren't an alternative, leveraging your merchant account funds can assist you to get your finances in order. If you would like more related information about merchant account, then you can visit the website of wikipedia.
Who Can Use Merchant Account Funding
Remember that this type of financial strategy isn't for everyone. Merchant account providers may only approve businesses having a proven sales record. Usually, businesses with at least six months of credit card processing history are accepted for funding. However, there may be exceptions according to the provider’s terms. To know more, click here.
Showing posts with label Canada Card Processing. Show all posts
Showing posts with label Canada Card Processing. Show all posts
Monday, 20 February 2012
Exploring Merchant Account Funding For Business
Nearly every established business needs extra money for expansion, advertising, and other business reasons. Most probably, traditional lending companies like banks will not be able to provide financing for expansion. Nonetheless, there are other solutions. For example, reputable merchant account providers like Canadian Merchant Account Services, are more than pleased to provide help for businesses to get merchant account funding.
How Merchant Account Funding Works
When a company accepts credit cards as mode of payment, they do have an available cash flow asset. This asset may be leveraged any time and be used as an instant source of capital. This process is called merchant account factoring.
While this may look the same as a loan, it doesn't work in the same principle. In merchant account funding, you're actually selling your future credit card sales to the merchant account provider at a slight discount. In this set-up, you stay away from the hassles of applying for a loan at the bank. There are no queues and the approval is quite fast.
Application Process
To apply for a merchant account, visit the provider's website, complete the application for a funding request, and then wait for a return call. As soon as the application is approved, the funds go directly to your bank account in a few days. Some providers may offer next day funding, but usually, you can expect the funds in 5 to 7 business days.
In the application form, there are a few questions you need to answer. These answers will determine if you can get approved or not. These will include your business name, contact information, approximate number of sales in a month, your credit card service provider, etc. Make sure to specify when you will need the funds as well.
Purposes of Funding
The funding can be used for a variety of reasons. Here is a list of possible excellent reasons to get approved:
• Company expansion
• Relocation
• Renovation
• Advertising
• Emergency purchases
• Equipment purchases
• Debt payments
• Payroll
• Tax payments
Not all companies have the necessary finances when the need arises. Hence, businesses can truly make use of the benefits that they can get from this source of financing. If traditional financial sources aren't an alternative, leveraging your merchant account funds can assist you to get your finances in order. If you would like more related information about merchant account, then you can visit the website of wikipedia.
Who Can Use Merchant Account Funding
Remember that this type of financial strategy isn't for everyone. Merchant account providers may only approve businesses having a proven sales record. Usually, businesses with at least six months of credit card processing history are accepted for funding. However, there may be exceptions according to the provider’s terms.
How Merchant Account Funding Works
When a company accepts credit cards as mode of payment, they do have an available cash flow asset. This asset may be leveraged any time and be used as an instant source of capital. This process is called merchant account factoring.
While this may look the same as a loan, it doesn't work in the same principle. In merchant account funding, you're actually selling your future credit card sales to the merchant account provider at a slight discount. In this set-up, you stay away from the hassles of applying for a loan at the bank. There are no queues and the approval is quite fast.
Application Process
To apply for a merchant account, visit the provider's website, complete the application for a funding request, and then wait for a return call. As soon as the application is approved, the funds go directly to your bank account in a few days. Some providers may offer next day funding, but usually, you can expect the funds in 5 to 7 business days.
In the application form, there are a few questions you need to answer. These answers will determine if you can get approved or not. These will include your business name, contact information, approximate number of sales in a month, your credit card service provider, etc. Make sure to specify when you will need the funds as well.
Purposes of Funding
The funding can be used for a variety of reasons. Here is a list of possible excellent reasons to get approved:
• Company expansion
• Relocation
• Renovation
• Advertising
• Emergency purchases
• Equipment purchases
• Debt payments
• Payroll
• Tax payments
Not all companies have the necessary finances when the need arises. Hence, businesses can truly make use of the benefits that they can get from this source of financing. If traditional financial sources aren't an alternative, leveraging your merchant account funds can assist you to get your finances in order. If you would like more related information about merchant account, then you can visit the website of wikipedia.
Who Can Use Merchant Account Funding
Remember that this type of financial strategy isn't for everyone. Merchant account providers may only approve businesses having a proven sales record. Usually, businesses with at least six months of credit card processing history are accepted for funding. However, there may be exceptions according to the provider’s terms.
Sunday, 19 February 2012
A Look At PayPal Account Features and Options
A PayPal account is beneficial if you're looking to buy or sell items online. There are a few different types of accounts available. Understanding the features and differences will let you decide which one is right. For individuals who want to run an internet business selling products or services or running auctions, you'll either have to contact a reputable merchant account provider like Canada Card Processing, who provides merchant accounts in Canada. Click here for more details.
First of all, before you pick an account, it's helpful to understand how the PayPal system works. It's most often used like a credit card when buyers make a purchase. A card is sent to the new account holder and has a Mastercard logo on the front like other credit cards. For sellers and buyers an email is needed to log in and complete payments or check balances.
The basic, premier, merchant account, and student option. Each account listed here includes an overview of features.
Basic Account
* For the average person who uses online auction sites occasionally or who receives payment for services from an online company
* 24 hour customer service
* eBay tools
* limited merchant and debit functions
* single user only
Premier Account
* Ideal for the person who occasionally sells items online, the frequent online auction buyer, or the individual who works mostly online and receives funds transferred to the account on a regular basis
* 24 hours customer support
* eBay tools, accepts debit or credit cards
* merchant services
* full function debit card
* single user only
Merchant Account
* For the frequent seller or business that plans on doing high volume of online sales on an auction site or through an online catalog.
* 24 hour support
* eBay and full merchant tools
* accepts credit and debit cards
* merchant services
* multiple users
Student Account
* Designed for the college student who may be involved in selling and buying occasionally * limited merchant services
* 24 hour support
* accepts credit and debit cards
* full debit features
* single user only
A PayPal account offers additional benefits. The dispute resolution program gives buyers and sellers a way to work out a dispute without having to take legal action. There's also a buyer protection program that allows buyers to send merchandise back if not satisfied to get a refund of payment. If you would like more related information about merchant account, then you can visit the website of wikipedia.
The merchant account is necessary for those who employ staff or family members to list items on auctions or who have internet stores. It allows all employees who handle transactions to monitor payments and to know when shipments have to be prepared. Anyone who uses the internet to help make purchases or auction items can usually benefit from a PayPal account which processes transactions smoothly and charges fees at or below those of other processing companies. For more details, click here.
First of all, before you pick an account, it's helpful to understand how the PayPal system works. It's most often used like a credit card when buyers make a purchase. A card is sent to the new account holder and has a Mastercard logo on the front like other credit cards. For sellers and buyers an email is needed to log in and complete payments or check balances.
The basic, premier, merchant account, and student option. Each account listed here includes an overview of features.
Basic Account
* For the average person who uses online auction sites occasionally or who receives payment for services from an online company
* 24 hour customer service
* eBay tools
* limited merchant and debit functions
* single user only
Premier Account
* Ideal for the person who occasionally sells items online, the frequent online auction buyer, or the individual who works mostly online and receives funds transferred to the account on a regular basis
* 24 hours customer support
* eBay tools, accepts debit or credit cards
* merchant services
* full function debit card
* single user only
Merchant Account
* For the frequent seller or business that plans on doing high volume of online sales on an auction site or through an online catalog.
* 24 hour support
* eBay and full merchant tools
* accepts credit and debit cards
* merchant services
* multiple users
Student Account
* Designed for the college student who may be involved in selling and buying occasionally * limited merchant services
* 24 hour support
* accepts credit and debit cards
* full debit features
* single user only
A PayPal account offers additional benefits. The dispute resolution program gives buyers and sellers a way to work out a dispute without having to take legal action. There's also a buyer protection program that allows buyers to send merchandise back if not satisfied to get a refund of payment. If you would like more related information about merchant account, then you can visit the website of wikipedia.
The merchant account is necessary for those who employ staff or family members to list items on auctions or who have internet stores. It allows all employees who handle transactions to monitor payments and to know when shipments have to be prepared. Anyone who uses the internet to help make purchases or auction items can usually benefit from a PayPal account which processes transactions smoothly and charges fees at or below those of other processing companies. For more details, click here.
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