*Merchant Cash Advance Program*
Our merchant cash advance program is design to help business owners get the working capital they need to grow, maintain or expand their business. The capital (cash) that you receive can be used however you decide to utilize it. With a bank loan you must tell the bank how you will be using the money and the process could take up to several months to close. With our merchant cash advance program you can have the working capital (cash) in your account in as little as 5 to 7 business days. The approval process is seamless also with a 95% approval rate.
*Business Cash Advances*
The saying “it takes money to make money” certainly makes sense, but where do you get the money in the first place? When you need money for your business, but can’t or don’t want to deal with a bank, North American Bancard is the place to turn. We’ve partnered with Capital for Merchants to offer business owners a hassle-free alternative to conventional business loans. It’s a simple, convenient and fast way to get you the money you need. Best of all, you’ll get your cash in as little as 72 hours after completing the application, which takes less than five minutes. Capital for Merchants will fund up to $500,000 per location depending on your business’s credit card volume.
The concept is simple. It’s a merchant cash advance. Capital for Merchants pays a merchant up front for their future credit card transactions. As your transactions roll in, Capital for Merchants gets paid back with a small, fixed percent of those daily credit card receipts.
*No application or hidden fees*
*95% approval rate*
*No collateral required*
*Up to $500,000*
*A-B credit not required*
*No monthly bills to pay*
With Capital for Merchants there’s no catch. No hassles. No gimmicks. Just a smart, simple and fast way to get the cash you need. North American Bancard believes in helping American business prosper and we would be proud to partner with you to give your business the help it needs to take it to the next level!
Contact Capital for Merchants to get your business the cash it needs.
*Decisions in 24-48 Hours*
*95% Approval Rate*
*Money deposited into your account in
5-7 business days*
*You Decide How To Use The Working Capital.
For a rate quote simply fill out the form below and we will be contacting you shortly. Please include a phone number so we can call you back to go over all the merchant cash advance or credit card processing options that are available to you. Thank you for your business.
*How Merchant Cash Advance Work*
With this type of financing, you get a cash advance – usually approved and funded in just a day or two – with very little paperwork involved. In turn, you agree to pay back the advance, plus a fee, by letting the funding provider take a portion of your credit card sales each day until the entire amount has been repaid. While a merchant cash advance can certainly be a quick way to get cash, it can also be quite expensive. Fees can range from 15% to 80% APR of the amount financed. However, merchant cash advance providers measure their fees as a factor rate, which can range from 1.14 to 1.48. The advance amount you receive is multiplied by that factor rate to determine the total amount you’ll pay back. You’ll pay this back by giving the funding provider a fixed percentage of your credit card revenues each day until the loan has been settled, meaning you actually repay a lower amount of money during slower months. Average repayment time frames are 8 – 9 months, but can be as short as 4 months and as long as 18 months. The higher the fixed percentage of your credit card sales you’ll share, the shorter the repayment time frame will be.
Let’s take a look at how you can calculate the true cost of a merchant cash advance. You are advanced $20,000. The funding provider quotes you a factor rate of 1.14. So, this means you will be expected to pay back $22,800. At first glance, it might seem like you are paying 14% interest rate. But, the real number you want to look at here is APR. If the funding provider is taking 10% of all your future credit card sales, and you project to have $25,000 a month in credit card sales, your APR would actually be 36.1% and you would repay the advance in 274 days with daily payments of $83.33.
If you don’t qualify for financing at a traditional bank or financial institution, MCAs could be an option. Merchant cash advances are a good solution if you have little or no collateral, limited business history, or a poor credit rating. If you receive a large portion of your revenues through credit card payments (for example, restaurants and retail stores), you can use a merchant cash advance as a short-term financing tool to help with cash flow, purchase inventory, pay other debts, meet unexpected expenses, and more.
*Credit Card Processing*
We Accept All Major Credit Cards.
*The Benefits That
Make Customers Happy*
•FREE Credit Card Reader for your mobile phone
•FREE Authorize.Net Payment Gateway Set-Up
•FREE Shopping Cart Set-Up
•FREE American Express® Set-Up
•Merchant Account for Immediate Credit Card Transaction Processing
•A Secure Payment Gateway for Real-Time Processing on Your Website
•Your funds Will Be Deposited Into the Checking Account of Your Choice
•No Set-Up Fee
•Month to Month Agreement
•FREE Merchant Account Set-Up
•FREE Real Time Online Credit Card Processing terminal
•FREE Online Sales Tracking and Reporting
•FREE Shopping Cart Setup System for your Website
•One Rate for Visa®, MasterCard® & Discover® Network
•Dedicated Account Representative
•The Ability to Accept All Major Credit Cards
•Online Reporting of All Your Transactions
*Free EMV/NFC Credit Card Terminal Placement Options
•A Web-Based Credit Card Processing Terminal for Manual Credit Card Orders
*New "Free" emv chip ready terminals*
*Processing Rates As Low As 0.55%*
*We Will Beat Your Current Processor Rates or Give You You you $500 for just allowing us a try*
*We will also pay up to $295 of your early termination fees if your currently in a contract*
*EMV Credit Card Terminals*
*Is Your Business EMV Government Compliant?*
Only 12% Of Small Businesses Are.
*Do You Really Need an EMV Chip Card Terminal?*
“The chip cards are coming! The chip cards are coming! By land and by sea. I’m here to give it to you straight. Yes, you really do need a new fancy credit card machine soon. It’s not the end of the world if you don’t start running with the rest of the lemmings right away, but you will be at greater risk for fraud liability if you process a counterfeit chip card come October 2015. Also, at some point your processing company can and will force you to upgrade, so check out some of our favorite providers so you don’t get screwed when you buy a new machine.
*What is an EMV Chip Card and Why Do I Care?*
For starters, EMV stands for “Europay, MasterCard and Visa,” which set out to create world-wide standardized protocols for so-called “integrated circuit” cards and the hardware necessary to accept these cards. This was no easy task, but by 2005 – almost a darn decade ago – chip cards became status quo in the EU. By 2012, Canada also joined in on the EMV party. These cards are manufactured with a small integrated circuit (or “chip”) in the card. Payment data is read from this chip instead of from the magnetic stripe. This protects against fraud in two ways. First, the chip itself is more difficult and expensive to counterfeit. Second, the way the data is transmitted varies each time it is read, making it dynamic instead of static. Thus, while info from a magnetic stripe can be “skimmed” easily, chip information is much more complicated to glean.
While the effectiveness of EMV cards in thwarting fraud is debated (it does nothing for card-not-present fraud, for instance), this is kind of beside the point as far as we are concerned. We don’t get to decide; we just have to obey. The good news is that the EU and Canada and basically the rest of the developed world were the guinea pigs here, so the US should have a smooth transition in theory.
*You Can’t Make Me (Right?)*
If you want to keep on processing cards with the magnetic stripe and say screw it to the whole EMV protocol, you are currently free to do that. You won’t lose any business, since smart cards still have a magnetic stripe as a back up. You will not be fined, and your transactions will still process as usual. But there will be one incredibly important difference: Starting in October 2015, you and your processing company will be liable for any counterfeit smart card transactions. This is what they call a “liability shift.” Since having the EMV terminal could have theoretically prevented the fraud, the liability is now on acquirers and merchants (you).
*The Timeline for EMV Chip Card Liability Shift in the US*
April 19, 2013 – Maestro shifted liability for international chip cards used in the US.
October 1, 2015 – Visa, MasterCard, American Express and Discover liability shift for POS terminals.
October 1, 2016 – MasterCard liability shift for ATM's.
October 1, 2017 – Visa, MasterCard, American Express and Discover liability shift for pay-at-pump gas stations, as well as for Visa and American Express at ATMs.
So, as you can see, October 2015 is the big date most merchants need to keep in mind. By that point, your processor will probably have already forced you to upgrade in order to protect itself against fraud liability.
“But no one is using chip cards, this doesn’t even matter.”
Well that might be true today, but the times, they are a-changing. Get ready to see a massive increase in chip cards at your register as the card networks begin to implement the change.
*Mobile and Wireless Payment Options*
*Pay Only When You Use It.
*Phone Swipe Rates 2.69% vs Square 2.75%.
*Free Pay Anywhere Tablet.