Merchant Cash Advance (MCA)
Credit Card Split
If your business accepts credit cards, you may have the option of a Merchant cash advance, also known as credit card split. This program differs from traditional bank loans and business cash advances in that the remittance is retrieved by a small portion of your Visa Mastercard sales. Each time you batch out a small percentage of your visa & mastercard sales will be taken to cover your payment.
- The cost of this program or funding is based on a factor rate and payback is based upon a predetermined percentage of credit card batches that you run throughout each day.
- In some cases, you are required to use a processor that has been pre-approved by the funder. We can help you switch or set up alternative structure if that’s the case.
How it works
The percentage is withheld every time a merchant batches out. Split percentage is typically somewhere between 9-30% of the batch, which is determined by the business risk score & your total credit card volume once you’ve submitted your application.
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