Get approved now for the working capital your business needs today! We advance you funds against the merchant’s future credit card receipts. A mutually agreed-upon percentage is taken of the daily merchant’s Visa/MasterCard receipts until full repayment. Amount of advance varies from $2,500-$150,000 and is based on the average of merchant’s last 4 months Visa/MasterCard statements. It takes approximately 7 months to payback the advance. The payback period is not fixed because it’s based on the merchant’s actual Visa/MasterCard receipts. Therefore the actual payback will be a little longer or shorter, then the projected 7 months, but we only collect the mutually agreed fixed percentage of your daily Visa/MasterCard receipts until the entire agreed amount is paid back. In order for us to receive payment though the credit card company, the merchant will have to switch to one of our approved credit card processing networks. The merchant does not have to be concerned because their rates will be matched with their current credit card processor. In addition a majority of the time there is not any extra equipment to purchase but only a reprogramming of your existing equipment. We are a factor and not a bank, therefore, there is no interest rate. There are also no requirement of collateral, financials, tax returns, etc. We can fund the merchant within 5- 7 business days. We will send out monthly statements to the merchants recapping all monies paid in the previous month and also the end of month balance. The merchant can also go online for a daily balances and the month’s activity. No Personal Guarantees for repayment No Liens Or Collateral No Fixed Payment Schedule No Business Use Restrictions 92% merchants are Approved/Funded in 10 days Apply In Less Than 3 Minutes No Complicated Paperwork Qualified merchant needs to have: An average of at least $2,500 in monthly VISA/Mastercard sales. We will need at least four (4) months of VISA/MasterCard statements to review and determine the funded amount. Provide at least three trade references. Supply landlord information to verify that merchant is current on the rent and has at least one year remaining on the lease. Simple Application Complete our application and fax your last four months of Visa/MasterCard statements to Merchant Cooperative Merchant Services Application is free 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 Cooperative Merchant Services 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. What can I use the funds for? 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 will fund whatever the merchants needs are from expansion to buying out a partner. Merchant Cooperative Merchant Services is there for all the merchants funding needs. Merchant Cooperative |  115 Etiwan Drive, Goose Creek, SC 29445 |  Toll Free (888) 287-6033 Merchant Cooperative is a registered ISO and MSP of HSBC Bank, USA, National Association, Buffalo, NY Contact | Affiliate Partner Program | Agent Solutions | Warranty | PCI Compliance | Privacy Policy | Legal © 2009 Merchant Cooperative. All Rights Reserved.