Merchant Services – In its most specific use, it usually refers to the service that enables a business to accept a transaction payment through some secure (encrypted) channel by use of the customer’s credit card or debit card or NFC/RFID enabled device. The term includes the following in its use:
- Credit and debit cards payment processing
- Check guarantees and check conversation services
- Automated Clearing House check drafting and payment services
- Gift card and loyalty programs
- Payment gateway
- Merchant cash advances
- Online transaction processing
- Point of sale (POS) systems
Electronic benefits transfer programs, such as ration stamps (called food stamps in the U.S.)
There is a product called Merchant Cash Advance where we can help your business access capital for your business operation. A Merchant Cash Advance is the purchase of future credit card receivables; it is a not loan. Sometimes called “credit card receivable funding” or “credit card factoring,” eligibility for a Merchant Cash Advance is primarily based on the strength and consistency of your business’ credit card sales.
For immediate Merchant needs for credit card processing to setting up your business and providing the working capital don’t hesitate to contact us at Executive Solutions All In One, LLC.