Credit card processing
Switching your exiting processor is seamless and designed to optimize your business’s payment operations. Our transparent pricing eliminates hidden fees, and our cutting-edge technology ensures secure, fast transactions while integrating smoothly with your existing POS system. The transition process is simple: we handle onboarding, guide you through setup, and ensure minimal downtime while switching from your current provider. Plus, our industry-leading customer support is available 24/7 to assist you at every step. Ready for a smarter, more cost-effective processing solution? Let’s make the switch today!
Invoice Factoring
Invoice factoring is a financial service in which a business sells its accounts receivable (unpaid invoices) to a third party, called a factor, at a discount. This provides the business with immediate cash flow, allowing it to cover expenses, invest in operations, or address other financial needs without waiting for customers to pay their invoices.
Benefits of Invoice Factoring
• Improved Cash Flow: Provides immediate working capital.
• No Debt: It’s not a loan, so no repayment obligations or interest.
• Supports Growth: Helps businesses meet operating costs and seize new opportunities without being cash-strapped.
Considerations and Costs
• Fees: Factoring companies charge fees, typically as a percentage of the invoice value (1%-5% or more depending on terms and risks).
• Customer Creditworthiness: Factors evaluate the creditworthiness of the business’s customers to determine whether to purchase the invoices.
• Loss of Control: Customers pay the factor directly, which could affect customer relationships.
Invoice factoring is especially beneficial for small businesses and startups that need reliable cash flow but might not qualify for traditional loans or lines of credit.
