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10-02-2013, 03:38 PM #1Member
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Who Approves Moto-Internet Businesses with MCA's?
I have a merchant who processes around $20k month in credit card sales via their Internet Payment Gateway. They have a physical wholesale facility that they conduct business from.
What MCA Providers approve Moto-Internet merchants with a cash advance (via cc receivables or ACH) who process cards manually with their payment gateway?
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10-02-2013, 04:12 PM #2A forum user
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I think a couple questions first are, how many deposits and transactions does this merchant have per month? What are they wholesaling?
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10-02-2013, 04:20 PM #3Senior Member
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I feel like many lenders love internet businesses now via ACH repayment. Definitely if they have a physical wholesale facility. Repayment through CC will be more difficult to find since splitting with their processor might be hard if its Paypal, etc.
Last edited by Scott Williams; 10-02-2013 at 04:24 PM.
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10-03-2013, 10:59 AM #4Member
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Shouldn't be hard if it's a true MOTO account.
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10-03-2013, 01:54 PM #5Senior Member
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Totally agree, I have found that in YellowStone we are getting a ton of great online merchants that have a huge amount of Paypal transactions.
The issue being how do we gaurantee that the paypal transactions make it to their merchant bank account?
However we have had a lot of success when they use other online processors, we can do the deal as an ach or MCAAndrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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10-03-2013, 02:16 PM #6Member
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That is the key. Most of the paypal accounts I come across never do. This becomes the merchant's "daily expense account". Paypal even issues a debit card so they can spend the money right out of the paypal account.
Originally Posted by AndyYSCISOdept
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10-17-2013, 04:34 PM #7Member
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This merchant does not use PayPay and they run Moto transactions ($20k month) through their secure online payment gateway. They have their own merchant account. I still have not heard who approves Moto-Internet merchants who processes internet transactions. They have a physical location, been in business for 1-2 years and have solid financials. Can anyone provide MCA companies who do accept Moto-Internet merchants? Thanks!
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10-21-2013, 01:03 PM #8Senior Member
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MFS Global does MOTO businesses. If anyone has something for us to take a look at, feel free to contact me at isosupport@mfsglobal.com
or
702-473-1145
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