Credit Card Splits?
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  1. #1
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Aug 2017
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    Credit Card Splits?

    Who Does Them In The Industry Now?

  2. #2
    We do and have a host of split partners.
    Andrew Roberts
    Merchant Cash Group
    212 532 9200
    andrew@merchantcashgroup.com

  3. #3
    Splits come in handy when banks are marginal.

  4. #4
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Splits come in Handy when a merchant does 40K in credit cards and the banks look very bad, lol.

  5. #5
    Senior Member Reputation points: 8447
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    We have been doing credit card split MCA's since 2005. We are a direct lender and credit card processor.
    Commission:
    We pay 30% of gross profit on each funded deal. ($50,000 funded X 1.359 (standard money factor) =$67,950 ($17,950 X 30% = $5,385 commission)
    Deal Submissions:
    Fully completed and signed application
    Two most recent business bank statements with all pages
    Most recent 4-6 months credit card processing statements with all pages
    Copy of owners driver license or passport (Will need this before funding is released)
    If deal will be $50,000 or more we need the 2016 tax return OR year to date 2017 profit and loss statement with balance sheet
    If there is an existing funding/cash advance we need to know the balance and will need a payoff letter to move forward
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  6. #6
    Senior Member Reputation points: 5479
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    Quote Originally Posted by FUND3R1 View Post
    Who Does Them In The Industry Now?
    snap Advances, Arca, Rapid advance.. Arca is hard to sign up with.....Rapid Splits on Square to

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