blog

ETA Expo 2012

Thu, 12 Apr 2012 21:11:07 +0100

To our friends and partners in the industry, we look forward to seeing you at the ETA expo in Las Vegas next week! To our loyal clients, you will be receiving the same great service as always while some of our team is away.

Merchant Cash Advance Makes CNN News

Sat, 18 Feb 2012 19:28:44 +0100

We frequently discuss the popularity of Merchant Cash Advance, but it rarely gets mentioned by the mainstream media. While we were coming up with a witty blog post to discuss that peculiarity, it seems they got message.

Earlier this week, Merchant Cash Advance financing was discussed by Fox Business and this morning was front page news by CNN. The Merchant Cash Advance industry is finally being brought into the national public spotlight. If you're a small business owner, you've got options!

Learn more about Merchant Cash Advance Industry news on the official website.

Merchant Cash Advance Statistics Revealed

Sun, 12 Feb 2012 02:36:24 +0100

The size of the Merchant Cash Advance Industry is something that many hedge funds and investors have been trying to determine for years. It's important to note that Merchant Cash Flow Loans have become increasing popular over the past year, and while they catering to same target market, they're loans, not advances.

That being said, the volume of true sales of future credit/debit card receivables is probably around $600 million a year or more. In 2010, that figure was estimated to be about $524 million. Merchant Cash Advance is a true loan alternative because it allows small businesses to leverage their future sales to receive cash today. If the business fails, the purchaser of those revenues has no recourse.

On the contrary, lenders are not making a bet that a business will perform. Instead, the borrower is required to pay a fixed amount in a fixed time, regardless of their actual sales performance. Merchant Cash Advance resellers are brokering these types of transactions more frequently. It's probably a safe bet to say this product is approaching $200 million a year in volume. Will it soon grow larger than Merchant Cash Advance itself? Time will tell.

The Merchant Cash Advance Industry Site?

Sat, 11 Feb 2012 23:56:41 +0100

Back in January, we read about the emergence of a new website that would help small business owners get funding. From what we hear, it has been very successful. They are coincidentally offering the same product that we are, Merchant Cash Advance. Merchant Cash Advance financing has been especially popular in the retail sector. The shortage of loans to restaurants and cafés is made evident by their overwhelming amount of applications.

More than 30% of all Merchant Cash Advance financing recipients are classified as an eating or drinking establishment. If you fit this profile and you've been wondering where to find support, look no further! New York City Merchant Services will be happy to help.

New York Merchant Processing Blog

Sat, 11 Feb 2012 23:01:42 +0100

We occasionally blog on this website, but it's hard to find time to do it! That's because we're so busy helping the great customers of New York City and beyond. But that doesn't mean we're totally absent from the internet. One of our road reps has a personal blog that discusses the credit card processing industry.

Of course, it looks like he has trouble updating it too! Oh well...., at least you know we're spending our time providing you with great service and the lowest rates. :-)

The Startup Bank

Sat, 11 Feb 2012 22:29:58 +0100

We help small businesses as young as 3 months old obtain capital. Anything less than that, it's just too risky. However, we ran in to a website called the startup bank that helps entrepreneurs get their businesses started. Once you follow the easy steps, they explain where to get funding before and after your opening day. It's a pretty great concept and the advice is free.

Free Merchant Cash Advance Guide

Fri, 06 Jan 2012 20:53:37 +0100

If you haven't seen this floating around the internet already, you should grab a copy of this today.

The folks at MerchantCashAdvanceIndustry.org put together a really nifty guide for small business owners that outlines the underwriting process for MCA.

It's detailed, eye-pleasing, and for the most part, unbiased. Free information is hard to find these days since too many companies are overly eager to promote themselves. We believe that the customer always comes first even if they're not our customer yet. New York City Merchant Services is committed to improving small businesses in any way that we can. We think this guide will help you and when you're ready to talk about funding, we hope you'll give us a call! :-)

ROAMpay Review Video

Thu, 05 Jan 2012 01:36:39 +0100

For those of you that use our service and even those of you that don't, should know that mobile payments is not only possible, but easy! If you have an iPhone or Droid, your phone could be accepting payments today. The cost is low, the process is fast, and the POS interface is realllly cool! Talk to your New York City Merchant Services rep today and find out if the ROAMpay technology can benefit your business.

How the Occupy Protest Affected Small Business

Tue, 27 Dec 2011 18:15:23 +0100

There have been a lot of opinions on how the Occupy Wall Street protesters affected small business. Lendio has put it all into detailed perspective:

Merchant Cash Advance Handbook

Thu, 22 Dec 2011 18:00:20 +0100

The Merchant Processing Resource recently distributed a handbook for business owners on Merchant Cash Advance. It's a collection of their most popular articles. We recommend you download a free copy: