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| What can PayPointUSA do for my business?
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| We offer you a way to improve your business for the future by accessing cash now. It's not a bank loan, so you're more likely to be approved, and your cash becomes available to you within days. |
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| How can I use the cash? |
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| Use the cash any way you see fit. Customers typically use the cash to support or upgrade their business in some way. Maybe you need repairs or inventory. Maybe you would like to expand your present location or simply add a new location. Better still, maybe you'd like to seize an opportunity in your marketplace before a competitor does. |
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| How does it work? |
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| The funding process is simple. PayPointUSA purchases your future credit card transactions and advances that money to you today. After you receive your advance, your processor will deduct a small, fixed percentage from your daily credit cards sales until the advance is paid back. |
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| Will I qualify?
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| If you take credit cards as a form of payment, you qualify! Credit score is NOT a factor with our underwriting. We know that most business owners put everything they have into their business including financing, which usually results in a low credit score. Our underwriters look at the business and the credit card sales that it is producing every month. They do NOT look at the credit history of the owner. |
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| How much can I qualify for? |
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| Your monthly credit card volume will qualify you up to $300,000. The amount of receipts purchased is determined by your average Visa/MasterCard volume over a 90-120 day period. |
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| How soon can I have the cash? |
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| This all depends on the customer. Once one of our account executives receives a completed application and 3 merchant statements, we care wire the funds within 48-72 hours. |
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| Do I have to change my credit card processor? |
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| PayPointUSA gives you the option to either stay with your current credit card processor OR switch to one of our preffered processors where we can SAVE YOU MONEY on your fees every month. |
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| Do I have to pay off the first advance before I can take a second advance? |
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No. 75% of our customers take more than one advance and the majority of them take it within 60 days of receiving their first advance. All you have to do is pay off 35% of your first advance and send your Funding Consultant a recent bank statement. The money will be in your account the same day as when you applied. |
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