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11-13-2013, 12:12 AM #1
Heartland offers AE advances
http://www.businesswire.com/news/home/20131112006260/en/Heartland-Payment-Systems®-Offer-American-Express®-Merchant
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11-13-2013, 10:23 AM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Wow that can be a game changer. All the top tier merchants who do decent AMEX volume can probably qualify.
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11-13-2013, 10:51 AM #3
"it will be the first processor to distribute American Express® Merchant Financing."
Distribute is an odd word to use here. I'm interpreting such a partnership to mean that Amex will now be funding merchants based on all types of cards and Heartland will split the bankcards for them.
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11-13-2013, 11:40 AM #4
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11-13-2013, 11:39 AM #5
Heartland stopped working with On Deck years ago, stating they refused to get into the "Usurious Cash Advance World".....how times have changed
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11-13-2013, 07:15 PM #6
Does anyone know the payout for Platinum Rapid Funding???
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11-13-2013, 08:43 PM #7
This is an American Express loan product that's been around heartland just inked a deal with them to resell it- it is a low rate product and heartland has never paid it's reps commissions for marketing funding- they used to have a policy not allowing reps to market mcas or refer bz to mcas. Amex is a low rate product-
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