Bankcardprocess - bankcardprocess.com - Merchant Processing Resource
General Information:
Latest News:
Funder Says Farewell to Car Dealerships 27 Aug 2013 | 01:33 am
MCC announced today that they will no longer be funding car dealerships. See screenshot of their announcement below: Over the last 18-24 months, MCC and many other funders have greatly expanded their ...
Split Funding is Here to Stay 21 Aug 2013 | 10:49 pm
I’ll say it for the hundredth¹ time, the advantage of split-funding is the ability to collect payments back from a small business that has traditionally had average, weak, or poor cash flow. Let’s put...
Preventing Regulation in Merchant Cash Advance 20 Aug 2013 | 06:21 am
Will the merchant cash advance industry ever be regulated? Insiders say that in order to prevent it or to make the brunt of it less extreme, the industry should preemptively regulate itself. But that’...
Unions in Restaurants 15 Aug 2013 | 03:15 am
The push to unionize may just push the profits and the business out the door… I was approached a few days ago by a man in a black suit who knocked on my restaurant door at 4PM on a sunny weekday after...
Prosper Reviews by Sean – Prosper.com Loans 14 Aug 2013 | 01:38 am
Thinking about working with Prosper? Here are the details of my experience: I was a Prosper.com affiliate for 4 months through another lending website that I run. Prosper is part of the greater altern...
When Merchant Cash Advance isn’t the Right Fit 12 Aug 2013 | 10:10 pm
“I know you do a million in gross sales monthly but since you process only $5,000 in credit cards, we can only approve you for $7,000.” Before ACH repayment became mainstream, the MCA industry was inc...
Company Owners are Employees Too 10 Aug 2013 | 02:26 am
Being a company owner is a fantastic achievement. It’s gratifying and rewarding, but it is also a slippery slope. Not a one of us is exempt from becoming a liability to our companies. The only way to ...
Your Merchant Cash Advance Press Release May be Hurting You 8 Aug 2013 | 10:07 pm
Part of keeping up with the merchant cash advance industry means reading up on the press releases published online, but it’s not such an easy job. Legions of funders, ISOs, and lead generators are com...
Consistency is the key to success 5 Aug 2013 | 01:48 am
How many times have you had your socks knocked off at your first visit to a new restaurant only to return the second time and be devastatingly disappointed? If you say never, then you are lying. Okay,...
What Debit Card Interchange Reform?! 1 Aug 2013 | 07:38 pm
After years of debating over the law to cap debit card interchange fees and its eventual enactment, a federal court has struck it down. The 21 cent cap is gone but not because it was deemed unfair to ...
