How do we determine the amount of funding a merchant will qualify for?
We will need at least four months of Visa/MasterCard statements to review and determine the monthly average and our funded amount will be determined based on that average. If the merchant is a seasonable business or has large variances in the 4 months of credit card volume, we require additional historical credit card statements.

How quickly can a merchant get funded?
We will fund a merchant 5-7 business days from receipt of a signed contract.

Is this considered a loan?
Merchant Club is not a lender! We purchase your business's future credit card receivables at a discount. In addition we don't have a fixed term or periodic amount for repayment or an interest rate.

What happens if the credit card sales increase or decrease after the merchant is funded?
Since our funding product isn't a loan we don't have a fixed term of repayment. After the merchant is funded, their daily Visa/MasterCard sales will be split-fund according to a mutually agreed-upon percentage. We therefore only collect based on the merchants actual credit card sales.

Must a merchant switch credit card processors?
If you currently aren't processing with our approved credit card processor you must change. Our affiliated credit card processor will match or beat your current transaction rates and/or percentages.

Are there restrictions on how I allocate my capital?
Unlike a bank we have no restrictions on the merchant's use of funds. The funds can be used for renovations, equipment purchases, purchasing of inventory, advertising campaigns, etc. We have the ability to fund a variety of merchants' needs, from capital to operational expenditures.

Does Merchant Club provide technical support to switch my processing over to Merchant Club?
Absolutely. Merchant Club's strategic partner PowerPay has full time IT specialists who will help you through every stage of the transfer.

The transfer process is usually done fairly rapidly over the phone and the IT specialists will be available as long as needed to make your transition go smoothly.

Does Merchant Club charge for these IT specialists' time and support?
No. IT support, Superior Customer Service and Education are just some of the benefits of joining Merchant Club.