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In person or online
Monthly fee $0
Next-day payout
Hardware included
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Payment rails
EFT, ACH, Interac e-Transfer, RTP and card
A payments infrastructure provider offering bank-to-bank payments, Interac and EFT rails through an API, sold to businesses rather than consumers.
Why this column
Payout speed. A merchant cash advance repays as a share of card receipts, so how fast your processor settles directly affects your cash position and what financing costs you.
The cost that decides it
Effective cost at different monthly volumes, since flat-rate and interchange-plus pricing cross over at a predictable point.
Common questions
Flat rate or interchange-plus?
Flat rate is simpler and usually cheaper below roughly $10,000 a month. Interchange-plus is more transparent and cheaper above that, because you pay the true card cost plus a set margin rather than a blended average.
How does my processor affect business financing?
Merchant cash advances repay as a percentage of card receipts, so your processor determines both the data the lender sees and how quickly repayment flows. Several lenders integrate directly with the major processors, which speeds approval.
What is a chargeback and what does it cost?
A customer disputing a transaction. You lose the sale amount plus a fee, typically $15 to $25, even if you win. Processors differ in how much support they give in fighting them.
