Phrases with «merchant cash»

"Merchant cash" refers to a financial service where a business owner receives a lump sum of money from a cash advance company in exchange for a percentage of their future sales. It is a type of funding option specifically designed for businesses that primarily deal with card payments, like retail stores or restaurants. The repayment is automatically deducted from the business's daily sales until the cash advance and fees are fully paid off. Full definition

Related phrases

Sentences with «merchant cash»

  • Some are turning to a relatively young and unregulated industry known as merchant cash advances for funds. (ondeck.com)
  • In some cases, business owners who apply for merchant cash advances are required to get new credit card terminals in order to be approved for the advance. (credibly.com)
  • The table below has more information on the terms and features of merchant cash advances. (valuepenguin.com)
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