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How does a business repay the Merchant Cash Advance?

April 26, 2017Business cash advance merchant repay

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How does a business repay the Merchant Cash Advance?

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Business Financial Services collects a small percentage of each Mastercard, Visa, Discover, and debit credit card transaction through the processing bank. The merchant keeps all cash, checks, and American Express volume. For the Business Financial Services Lockbox Program (see chart above), funds are withheld from Mastercard, Visa, Discover, and debit credit card transactions and can also be withheld from any American Express depending on the processor’s agreement with Business Financial Services. AdvanceMe Inc. collects a small percentage of each Mastercard and Visa credit card transaction through the processing bank. The merchant keeps all cash, checks, and all non-bankcard volume.