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Best Merchant Cash Advance Loans - Apr 2014

RANK COMPANY NAME YEAR FOUNDED REVENUE FULL TIME EMPLOYEES ACTIVE CLIENTS CLIENT RETENTION RATE PRICING CLIENTS Overall Score Composite score based on criterias and quality of work observed.
0100
GVGE
Competitive Rates Processor's ability to provide competitive pricing rates. Reliability Processor's overall reliability in service and processing. Efficiency Processor's overall ability to provide an efficient service with the least amount of inconvenience. Availability Processor's ability to make available their cash advance services to merchants. Customer Support Processor's ability to communicate effectively with their customers. Change in Rank Indicates shift in rank from previous month's rank.
1st Award
Micamp Merchant Solutions

Phoenix, Arizona Tom Smith 800.961.0157_ Visit Micamp Merchant Solutions File A Complaint
Commend This Vendor
2007 $10 - $50 million 26 - 50 5000+ 98% 99% The Waterfront Restaurant & Cafe, Southwest Sedan Service LLC, Sakura Sushi and Steakhouse, TAPOUT, Younger Oil Company
100%
100 100 100 100 100 NC More Info
2nd Award
Fidelity Advance, Inc

SCOTTSDALE, Arizona Chris Williams 877-838-7854_ Visit Fidelity Advance, Inc File A Complaint
Commend This Vendor
2008 $10 - $50 million 1 - 10 200+ 90% 98% Confidential
99.8%
100 100 100 100 99 NC More Info
3rd Award
CAN Capital

New York City, New York Daniel DeMeo 8775504731_ Visit CAN Capital File A Complaint
Commend This Vendor
1998 Over $100 million Above 100 20,000+ 95% 98% Confidential
99.6%
99 100 100 99 100 NC More Info
4
Credit Card Processing Specialists

Grandville, Michigan Mike Konig 877-554-5853_ Visit Credit Card Processing Specialists File A Complaint
Commend This Vendor
2010 $1 - $10 million 26 - 50 1,000+ 98% 99% Ace Hardware, Discovery Network, South Central Pallets, Advance Auto Parts, Main Street Technologies
99.2%
100 99 100 99 98 NC More Info
5
BC Funding

Syosset, New York Mark Quinones 877-871-6097_ Visit BC Funding File A Complaint
Commend This Vendor
2008 Under $1 million 1 - 10 50+ 91% 98% Confidential
99%
99 98 100 98 100 NC More Info
6
Swift Financial Corp.

Wilmington, Delaware Edward Harycki 888-923-0007_ Visit Swift Financial Corp. File A Complaint
Commend This Vendor
2006 Over $100 million 51 - 100 43 94% 98% Small Business Trends, Philly.com, Mike I., Wexford, B. -Fit Enterprises
98.6%
97 99 100 98 99 NC More Info
7
Rapid Capital Funding

Miami, Florida Craig Hecker 305-424-2000 _ Visit Rapid Capital Funding File A Complaint
Commend This Vendor
2008 $1 - $10 million 1 - 10 30+ 90% 98% The New York Times, Inc 500, CNBC, BusinessWeek
98.2%
96 97 100 98 100 NC More Info
8
On Deck

Sherman Oaks, California Brad Kime 888-269-4246_ Visit On Deck File A Complaint
Commend This Vendor
2006 Over $100 million 51 - 100 35+ 90% 98% iHealthspot, Inc., getthatwholesale.com, Jazz at Jacks, drinknomsi.com
97.8%
96 99 98 99 97 NC More Info
9
ICBA Bancard

Tampa, Florida John H. Buhrmaster 888-640-1092_ Visit ICBA Bancard File A Complaint
Commend This Vendor
1985 $10 - $50 million 26 - 50 54 90% 98% Confidential
97.6%
95 99 96 100 98 NC More Info
10
Merchants Choice Payment Solutions

The Woodlands, Texas Charles Vernon 800-327-0093_ Visit Merchants Choice Payment Solutions File A Complaint
Commend This Vendor
1989 $50 - $100 million 51 - 100 300+ 93% 98% Paymentech, Pos partners, National Bank, woodforest, First Data
97.4%
95 98 97 99 98 NC More Info
11
CPN USA

Phoenix, Arizona Merchant Services 800-750-7544_ Visit CPN USA File A Complaint
Commend This Vendor
2006 Over $100 million Above 100 10,000 + 90% 98% Confidential
97%
97 98 97 96 97 NC More Info
12
GDpay

Phoenix, Arizona Craig Yox 888-600-2602_ Visit GDpay File A Complaint
Commend This Vendor
2006 $1 - $10 million 1 - 10 77 86% 98% Confidential
96.8%
97 98 97 95 97 NC More Info
13
AmeriMerchant

New York, New York David Goldin 800-267-3790_ Visit AmeriMerchant File A Complaint
Commend This Vendor
2002 $10 - $50 million 11 - 25 68 90% 98% Confidential
96.4%
95 99 96 97 95 NC More Info
14
Platinum Age Merchant Services

Loveland, Colorado Benjamin Cvetkovich 970-227-6088_ Visit Platinum Age Merchant Services File A Complaint
Commend This Vendor
2011 $1 - $10 million 1 - 10 62 91% 98% Confidential
96%
95 98 96 95 96 NC More Info
15
Direct Capital Corporation

Portsmouth, New Hampshire James Broom 800-999-9942_ Visit Direct Capital Corporation File A Complaint
Commend This Vendor
1993 Over $100 million Above 100 1000+ 92% 98% Wild Pets, Infrastructure Insights, Inc., Wooden Ships, Inc, HDT, Georgetown Group
95.2%
96 94 95 94 97 NC More Info
16
CardSmart Merchant Services

Las Vegas, Nevada Eric Elam 866-767-2273_ Visit CardSmart Merchant Services File A Complaint
Commend This Vendor
1989 $1 - $10 million 11 - 25 100+ 90% 98% Confidential
94.6%
96 95 94 93 95 NC More Info
17
Reliant Services Group

San Diego, California Adam Stettner 877-850-0998 _ Visit Reliant Services Group File A Complaint
Commend This Vendor
2007 $1 - $10 million 11 - 25 78 92% 98% Dave & Jerry's Auto, Desert Ovens Pizzeria, Wizard of Oz Catering, GKB Framing, Café Med
94.2%
96 94 94 93 94 NC More Info
18
Merchant Choice Card Services

Leonia, New Jersey Littleton, Charles 201-592-5927_ Visit Merchant Choice Card Services File A Complaint
Commend This Vendor
2003 $10 - $50 million 26 - 50 63 89% 98% NC Bankers GHBA NACUBO, Planet, IBAT
93.4%
92 94 93 95 93 NC More Info
19
Advanced Merchant Services

Hernando Beach, Florida Jason A. Felts 888-355-8472_ Visit Advanced Merchant Services File A Complaint
Commend This Vendor
2007 $10 - $50 million 11 - 25 200+ 93% 98% Confidential
92.8%
94 93 92 94 91 NC More Info
20
Everest Merchant Services

New York, New York Albert Faivush 877-554-4593_ Visit Everest Merchant Services File A Complaint
Commend This Vendor
2010 $1 - $10 million 1 - 10 100+ 93% 98% Confidential
92.2%
94 94 93 94 86 NC More Info
21
Yellowstone Capital

New York, New York David Glass 855-972-2748_ Visit Yellowstone Capital File A Complaint
Commend This Vendor
2009 Under $1 million 1 - 10 50+ 95% 98% Revenue Systems Inc., Riverland LD&S, Inc., Charlotte Family Yoga Center, Raydar & Associates, Inc
91.4%
90 93 91 92 91 NC More Info
22
POS Alliance

Doral, Florida Martin Perez 888-857-7459_ Visit POS Alliance File A Complaint
Commend This Vendor
2006 $1 - $10 million 1 - 10 100+ 91% 98% Confidential
91%
92 90 89 92 92 NC More Info
23
Advance Funds Network

Brooklyn, New York Douglas H. 888-310-3110_ Visit Advance Funds Network File A Complaint
Commend This Vendor
2007 $10 - $50 million 26 - 50 500+ 94% 98% Human Resource and Staffing Services Greensboro, NC, Vernai, UT Trucking Company Small Business Loans, Soldotna, Alaska Veterinary Clinic and Pet Care, Automotive and Transmission Service Pflugerville, TX, Auto Repair and Tire Sales Rocky Hill, Connecticut
90.2%
90 92 89 88 92 NC More Info
24
Solupay

Twinsburg, Ohio Joe Musitano 888-765-8729_ Visit Solupay File A Complaint
Commend This Vendor
1994 $50 - $100 million 11 - 25 200+ 97% 98% Confidential
89.8%
89 90 91 90 89 NC More Info
25
Vantage Card Services

Woodstock, Georgia Ted Hardison 770-928-5688_ Visit Vantage Card Services File A Complaint
Commend This Vendor
1996 $50 - $100 million 11 - 25 200+ 93% 65% Aress Networking Academy, The Atlanta Community Food Bank, CNAC, Giggles & Smiles, The Flower Shack
89%
89 90 89 88 89 NC More Info
26
DCC Merchant Services USA

Westbury, New York Thomas M. Dunn 888-322-8632_ Visit DCC Merchant Services USA File A Complaint
Commend This Vendor
2005 $10 - $50 million 11 - 25 100+ 88% 98% Confidential
88.2%
88 88 87 89 89 NC More Info
27
Argus Merchant Services

New York, New York Jacob Shimon 888-459-0660_ Visit Argus Merchant Services File A Complaint
Commend This Vendor
2010 $1 - $10 million 11 - 25 100+ 93% 98% Blister LLC, Chicago, LLC, The Schwartz Brothers Restaurants, Seattle, WA, Mini Centro, Brooklyn, NY, Dr. William Cummings, DMD , Avondale, PA
87.6%
86 86 89 89 88 NC More Info
28
Cash Advance Exchange

Corona del Mar, California Eric Pruessing 877-865-7744_ Visit Cash Advance Exchange File A Complaint
Commend This Vendor
1997 $10 - $50 million 11 - 25 72 89% 98% I Fix It Auto Body, Sunset Tanland, Stacks Sports Bar & Grill, Bistro 55, Sarah’s Salon & Spa
87%
87 87 88 88 85 NC More Info
29
Myposdepot.com

Huntingdon Valley, Pennsylvania Lou Kale 866-480-2433_ Visit Myposdepot.com File A Complaint
Commend This Vendor
2001 $10 - $50 million 1 - 10 100+ 92% 98% Confidential
86.2%
85 86 84 88 88 NC More Info
30
CardPayment Solutions

Chico, California Confidential 888-571-0299_ Visit CardPayment Solutions File A Complaint
Commend This Vendor
2004 $10 - $50 million 11 - 25 59 90% 98% Confidential
85.8%
85 86 85 86 87 NC More Info

Evaluation Criteria for Merchant Cash Advance

The independent authority on credit card processors, topcreditcardprocessors.com, is a research firm dedicated to identifying and ranking the best credit card processors in the United States. Through an in-depth vendor analysis, client evaluation, and the use of our proprietary evaluation criteria, we have put together a list of the top merchant cash advance services. Our analysis delves into a vendor’s business practices and compares them against industry standards to ensure that the service is quality. Often times we connect directly to the clients of a vendor and ask about their overall experience.

There are five key areas which we have identified as significant for merchant cash advance services:

Finding a merchant cash advance service that provides affordable rates helps to reduce the merchant's overall operating costs. If the cash advance service charges more than a reasonable percentage of the total advance, it only puts the merchant further into debt. Avoiding unforeseen fees and choosing a company that charges only a small percent of the total advance helps the merchant to keep more of their money in their pocketbook.

Calculation methods used to calculate the overall charge of the cash advance fee are taken into account when evaluating a client. This makes sure that the merchant receives a fair value and knows exactly what to expect when requesting a cash advance. Some vendors charge a percentage of the total fees while other merchants charge a set fee per transaction. The process used in calculating and providing the merchant with a cash advance significantly impacts the ability of a merchant to receive value from the cash advance. Longer and flexible payback periods provide the merchant with additional convenience and the ability to budget their finances better.

When requesting a merchant cash advance the availability of customer support becomes a crucial element to the evaluation. Customer support must be available and have the tools necessary to immediately determine overall interest rates, due dates, and any other questions the merchant may have. Providing 24/7 customer support and multiple methods of contacting support helps make the advance more convenient as well.

When a merchant needs an advance, generally it is due to an emergency situation. The efficiency of the company gets tested at this point and merchants that have to wait too long for their advances lose money and time. A merchant cash advance service should be provided immediately to the merchant whenever possible. Funds must be deposited directly into the merchant's account, with little or no delay in receiving the funds.

Account security and the prevention of unauthorized charges becomes an important part of any evaluation of merchant cash advance services. By providing the customer with a secure method of obtaining a transaction and notifying the merchant of suspicious advances, the vendor provides a valuable protective service to merchants.

General Queries

  • How did you find your current payment processor?
  • What other payment processors, if any, have you used?
  • How many transactions do you process per month?
  • What would be three things you would change about your experience?
  • Rate your overall experience (1-10; 10 being the highest).

 

Project Specific Queries :

  • What payment schedule was provided by the cash advance service?
  • What information did you have to provide to become accepted?
  • What was the turnaround time for receiving the funds?
  • Were there any hidden fees or terms you were initially unaware of?
  • Would you recommend this service provider to other businesses in the same position?