credit card splits
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  1. #1
    Senior Member Reputation points: 24
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    Jan 2019
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    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/

  2. #2
    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

  3. #3
    Senior Member Reputation points: 86605
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,001

    Quote Originally Posted by k lion View Post
    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/
    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

  4. #4
    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

  5. #5
    Senior Member 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 renewals
    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

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