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Yesterday, 02:18 PM #1
Reputation points: 24
- Join Date
- Jan 2019
- Posts
- 118
credit card splits
Hey forum. Quick question. Who do you think is best for credit card splits? Years ago, I had a merchant who owned a restaurant.
Couldnt get an offer anywhere because the merchant was negative in his account almost every day in his account. I got him funded by
Simply on a credit card split that was higher than his monthly revenue. I also had a hair salon who was in the same boat, and did a lockbox
with them that we renewed several times over. It was amazing. Does this still exist these days/
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Yesterday, 03:02 PM #2
Reputation points: 848
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 46
im a direct funder and we do cc splits and lockboxes... call me to discuss details
TMRNOW | A Total Merchant Resources Company
Ariel Avalos – Iso Relations Manager
377 Hoes Lane, Suite 240, Piscataway, NJ 08854
Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com
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Yesterday, 06:00 PM #3
Reputation points: 86605
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
Credit Card Splits exist but in our sand box we would not fund more than their monthly credit card revenue.
We can work with any processor and merchant is NOT required to change.
We would use a lock-box if they do not want to switch to our preferred processor.
Contact me with any questions.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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Today, 10:41 AM #4
Reputation points: 848
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 46
Additionally, if we are funding in first position (or paying off another funder to get into 1st position at renewal time), we do an actual true add-on rather than refinance their balance. Works similar to a line of credit. this is for both cc split and for lockboxes. Saves the merchant ALOT of money doing it this way
TMRNOW | A Total Merchant Resources Company
Ariel Avalos – Iso Relations Manager
377 Hoes Lane, Suite 240, Piscataway, NJ 08854
Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com
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Today, 12:08 PM #5
Reputation points: 8447
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 504
We have been exclusively funding credit card split deals for 19 years straight. It's the best product for the merchants as the payments fluctuate with their sales. Our losses were minimal during The Great Recession and Covid due to how the remittance works with the business. We have several customers who have been funding with us since 2005.
Quikstone also offer's the Jumpstart product for new businesses to purchase POS systems/industry related equipment.
We direct split with 12 different credit card processors and also offer traditional & same day funding Lockbox options for merchants who aren't processing with one of our partners or can't convert.
*No origination fees or junk fees charged, merchants net our full offer unless consolidating a balance.
*No double dipping on renewalsJason 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
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