A Merchant Cash Advance (MCA) is a simple cash flow-friendly way to borrow funds against your daily transactions on your card terminal with a flexible repayment method.
How it Works?
Merchant statements are assessed for affordability. A quote will be provided on how much your customer can borrow.
Once approved a split is setup which enables the finance company to take set % of every card transaction untill the advance is repaid. There is no minimum amount owed or set term (expectations will apply).
Customers can renew their facility once a % of the advance has been repaid.
Customer pays merchant by card payments, funds go into the merchants nominated settlement account / business bank account.
Acquiring bank will change the settlement account that customers has attached to their terminal to a Avantis Direct account to enable a split on the taking to enable repayment. If their is delay we will collect the direct debit in the short term.
Once the settlement account is receiving the funds from the merchant, the hold back amount / split will allow the customer and merchants to receive funds (i.e. 85% Customer / 15% finance company Automatically.
Product Highlights
Advance up to 100% of Client's average monthly taking
Charge 1 all-inclusive fixed fee, no interest or other fee
The advance is repaid as an agreed percentage of their future card sales
Product Highlights
Maximum split of 15%
Work with most UK card acquires
No weekly or monthly minimum repayment amount
Repayment Examples
Repayment Amounts
Customer Journey
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