MERCHANT FUNDING

In recent years, merchants have found that banks and lending institutions are not always able to accommodate the need for smaller, short term loans. Since a merchant's credit card transactions represent a large part of their cash flow, merchants can now receive advanced funding against those receivables. Online Money Store works with Priority Payment Systems to give advanced funding to companies so that payments can be redirected from the daily batches back to the funding source.

For more information on how your business can qualify for merchant funding enter your information on the contact us page and one of our lending specialists will give you a call.

Online Money Store is committed to providing the industry's best service and giving our clients a competitive edge. Our exclusive MX tool gives our clients unprecedented insight into their portfolios, preemptively targeting trouble spots and highlighting opportunities for growth. With today's economy merchants need more options and bank loans are not the solution for most businesses. Our Merchant funding can advance a merchant the cash they need FAST!

Our merchant services include

Credit Card Processing
(VISA, MasterCard, American Express and Discover)
Credit/Underwriting
Fraud Prevention
Settlement
Reconciliation
Additional Payment Options: Check, Electronic Check, Gift Card, Debit
Merchant Funding and MORE!

Terminals and Software Solutions

We work with Independent Sales Organizations, Sales Agents, Independent Contractors, Community Banks and other Lending Institutions, as well as directly with select merchants. Give us a call today to see just how we can make you money or save you money!

Frequently Asked Questions

How does the program work?

Our products offer a revolutionary way to get the money needed for your business operations. The most important thing to remember is that it's not a loan, so there are no loan payment books, no dealing with people who don't understand your business, none of the traditional bank hassles. Our Funding transactions are based upon your future credit and debit sales. We purchase a portion of these future credit and debit sales at a discount. To settle your obligation, we retrieve a fixed percentage of daily credit sales when they are "batched" - it is as simple as that.

How do I know if I qualify?

You must have been in business for more than 4 months, have at least $3000 in credit card transactions per month, and meet a few other simple requirements. Restaurants can qualify for funding after 2 days in business.

How soon can I get the money?

The average time from receipt of a contract to funding is usually 7-10 business days.

How much does it cost to apply for Funding?

Online Money Store offers a no cost/no obligation quotes. There are no up-front fees and we do not charge for "out of pocket" expenses such as: credit reports, D&B reports, overnight mailing costs, etc.

Does Your Online Money Store require a personal guarantee?

No. Our Cash Advance does not require a personal guarantee, however, individuals may be liable in cases of fraud, misrepresentation, and as further detailed in contract.

What can I use the money for?

Anything you want. There are no restrictions on the use of your cash.

Do I need to change credit-card processors?

You may need to change credit-card processors to one that has a relationship with us. It is the unique way we collect the future sales you sold us. Our affiliated processors guarantee to meet-or-beat the transaction rate on your processing needs.

Why do you have to review my personal credit?

We use a business-friendly scoring model that blends general economic data, business and guarantor information to assess risk. Considering your personal credit is a part of the process.

I am already with another financing company providing a similar financing, can you replace that arrangement and offer me more money?

Contact us to find out specifically how much we can offer you. We often offer larger advances than our competitors and will pay off your existing advance if it is in your best interest. Call us today to find out how much you are qualified to receive.

I need a longer term than 6 months. Do you offer such terms?

Yes. We offer programs that range from 6 months to 18 months based on the merchant's needs.

How often are payments retrieved?

We collect a percentage of your credit card sales as they are settled or "batched."

What if I already have a business loan?

Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your other obligations.