Increase Recurring A/R receivables with a Virtual Terminal & Gateway

Recurring Payments
New and tested Recurring payments tools provide the most reliable & safe method to get paid. Rather than billing customers repeatedly, you are paid automatically via their designated checking account or credit card. These tools place you more in control of how and more importantly when payments are received. A critical component of any successful business; increased cash flow !

Your customers don't have to worry about checks, postage or late fees; you don't have to send statements by U.S. snail mail or wonder when your money will be "in the mail".

Businesses who serve a customer base that is billed regularly (recurringly) can process credit cards and deposit checks more quickly and easily with a virtual terminal payment gateway.

If you have a scheduled services or a membership based business, your customers can pre-arrange to automatically make payments directly from their account to yours. Some examples are landscapers, healthclubs, Investment advisors, Collections, pest control, chiropractor, even orthodontical and dentists.

• Simplify your payment processing:
  One system processes both credit card and check payments
  Convenient 24 hour access to payment processing and reporting
  Automated recurring billing
  Improved cash flow
  Fraud detection and prevention
  Reduce invoicing costs by 90%
• Send invoices by email with a link to make a payment for outstanding balance accounts
• Create newsletters annoucing new services, products, or just to provide information.
  

How Does a Recurring Payment Virtual Terminal Work?
A recurring payment Virtual Terminal allows you to process credit card and check transactions from any computer with an Internet connection in the world. You simply login to a secure website with a login and password and you are able to charge cards, perform authorizations, and even process credits. It is ideal for businesses who are accepting credit cards over the phone, via email or fax.

In addition, you have complete online reporting of all your transactions and orders. You can interface with your accounting software or spreadsheets.

Addtional Uses for a Virtual terminal:
-Accepting credit card payments by internet, phone, fax or email!
-Mail order businesses
-Call center operations
-Insurance companies
-Newspapers and magazines
-Trade Shows
-Carpet Cleaning Businesses
-Charities
-Utility companies
-Service companies

With an Online Virtual Terminal You Can:
-manually enter credit card transactions for mail or phone order sales.
-refund money to a customer's credit card.
-automatically bill customers for recurring charges.
-check the status of transactions, and run a variety of reports.
-capture previously authorized transaction.

Business Cash Advance; A timely way to obtain working capital.

A Business Cash Advance (BCA) is one tool that can be a terrific way for a company to get the timely funding it needs; within a few business days. Business Cash Advances for merchants are provided by companies who purchase a pre-determined amount of future Visa/MasterCard sales receipts. Payments come directly from the business credit card merchant account through a percentage of each credit card transaction your business makes. The amount due is not fixed over time, doesn't include cash & check transactions, and are comparatively simple to obtain.

Many businesses cannot obtain a standard business loan from a bank when they need working capital. The bank's process is time consuming. Many businesses don't have the credit rating or strength that appeal to banks. Some businesses require a prompt infusion of a few thousand dollars, some need $250,000.00 or more. Banks usually won't take risks and require collateral plus fees as well as a personal guarantee. There is usually an application fee whether the loan is approved or not.

Additionally, a Cash Advance can be obtained by a business that is 6 months new. You do not have to use your personal guarantee in many cases, sometimes it is required. Funding amounts available range from $5,000 up to $1,000,000 based on gross sales volume and past credit/debit card receipts.

Funds For Your Business From New Purchase Orders

New Purchase Order Financing

When you receive a large order that your current cashflow does not support, we can provide funding against those orders or contracts.

Funding can be used for any purpose that is required to fill the order. You provide a copy of the order and a schedule of cash requirements to fill the order. The funding company typically pays your vendors or suppliers directly for goods or services that you need to fill the order.

Funding companies can provide 100% of the cash required to fill the order.

Bring In Needed Working Capital using Accounts Receivables Factoring

To infuse funds into your business you may consider using outstanding & past due accounts receivables. Factoring is a simple way for a business to increase the working capital in its business. Funding is provided by selling some of or all of your Accounts Receivables. Technically, you sell an interest in your Accounts Receivables (Invoices to your customers) to a Factoring Company.

Also known as Accounts Receivable Financing, Factoring advances range from 70% to 85% of the Face Value of past due Invoices. There can be an additional fee ranging from 1% -8% of the Face Value of your Invoice for a 30 day period.

Are Business Cash Advances valuable to businesses in need of funds?

Many businesses such as restaurants cannot obtain a loan from a bank when they need working capital in a timely manner. They simply don't have the credit rating or strength that appeal to banks. Some businesses require a prompt infusion of a few thousand dollars, some need $250,000.00 or more. Banks usually won't take risks and require collateral plus fees as well as a personal guarantee. There are many choices that a business owner must make day to day for their business to stay successful. You may best take the approach of using a financial services company connecting you with several financing options so you get a broad overview of what types of funding platforms you can qualify for. They offer the most flexibility with alternative financing in the market today.

There are "standard" bank type loans, but another way to obtain needed funds are Business Cash Advances (BCA). These offer you a way to sell future receivables and receive funding.

The amount of funding available to a business is based on monthly and annual revenues from credit & debit card sales. These are repaid over a period of time with payments made to your business by credit and debit cards. Cash and checks sales aren't used in repayment of a BCA. A Cash Advance can be obtained by a business that is 6 months new. You do not have to use your personal guarantee in most cases.
Some ways businesses use funding from a Business Cash Advance:
. Renovations and expansion
. Repay an investor
. Buyout partners
. Working capital for slow periods
. Purchase new equipment
. Add to an existing location, more space equals more seating or mechandise on display
. Freshen up and update with new decor
. Advertise in the Yellow Pages or newspaper
. Emergency situations

Funding is based on final approval from underwriting. Personal Credit will be reviewed but is not the sole deciding factor. Funding received will not appear on your credit report as a debt load, only as an inquiry in a majority of BCAs. Renewal of a funding is available after payback is near completion or at any time thereafter.

No personal assets or collateral required for funding approval. Amount of funding available to business is based on total gross monthly/annual sales. Funding amounts available range from $5,000 up to $1,000,000 based on gross sales volume and past credit/debit card receipts.

Is a Business Cash Advance the same as a Bank loan ?

Every small business owner experiences the common struggle to attain sufficient capital to finance their business growth and meet working capital shortages or in cases of unforseen emergencies. A Business Cash Advance (BCA) is one option available to alleviate this sort of issue for a business.

The difference is that standard bank financing loans are based on the business' strengths as it is currently. The BCA is much like the Factoring business for outstanding receivables, but with a difference. Th BCA is a buy-sell agreement of Future receivables, therefore it is not a loan instrument.

The agreement is between the business, who is the seller and the the BCA funding provider company, the buyer. Each provider has their own way of operating, so the generalities of BCAs are primarily covered here.

The BCA amount funded is in-part determined by past performance of the business' revenue as a prediction indicator of future sales. BCAs do not include combine outstanding receivables as is done with a standard Factoring company.

The amount of receipts purchased is determined by the average credit card volume over a 90-180 day period. Submission of any documentation (bank statements, sales tax receipts) that supports total prior sales volume in order to be approved for the highest amount possible.

BCA funding can be promptly obtained. After an application is submitted, some funding providers give a verbal approval within 24 hours, others a few days. The business (Seller) receiving the funding takes from five to twelve days on average, larger loans make require a week or two longer.

Small business loans are financed funds that are loaned to business with some assets and are generating strong revenue and profit every year. Whether a business would qualify and get a loan depends entirely on the lender, however, there are few factors that any lender would consider before offering a small business loan to an entrepreneur.

These factors would generally include value and type of asset owned, revenue and income generated annually, number of years the business is in operation, number of employees, D&B rating, and other criteria etc.

Small business loans require a secured personal guarantee and business assets need to be provided as collateral, it might result in lose of assets in case of a default. In almost all cases the lender reserves the exclusive right to decide what constitutes the default and the small business entrepreneur needs to abide by those term.

BCAs undergo some of the same underwriting processes as a loan, but normally require no personal guarantee - if no personal guarantee is required, then personal credit rating is not affected. BCA providers usually look at personal credit scores (FICO) as part of the process, but BCAs can be obtained with a FICO score as low as 500.

Where a BCA can be obtained, Most banks would not even consider offering a business loan if you are:
New in business
Have low credit score or no credit or credit problem
Do not have enough collateral
Need under $100,000

The average Business Cash Advance ranges from $5,000 - $30,000, but can be obtained up to $1,000,000.00.

Cash advance providers receive payment when the business makes sales and receipt of payment by credit/debit cards. The BCA is more of an investment to the provider. The repayment of a business cash advance aligns with the revenue trend of the business; cash sales are never used for repayment. This ensures that it is never a burden to repay the cash advance in fixed monthly payments as required by a bank loan. This gives a business with a slow seasonal period a larger advantage over a bank loan.

There are similarities, but as discussed and summarized in this article there are many differences that distinguish Bank loans between Business Cash Advances. Hopefully this has provided some helpful information.