Maverick’s ATM Program makes it easy for merchants to offer Automated Teller services by delivering a complete turnkey solution including equipment, processing, installation, training, maintenance, reporting and service.
With an onsite ATM, you can offer your customers the convenience of cash that may lead to increased customer traffic, increased sales volume and an additional revenue source. Our ATM’s are easily configured to meet your needs no matter what industry you are in, or size business you have.
Maverick’s YES! Programs offer merchant cash advances that are based on merchants’ future credit card transactions. A YES! cash advance is a hassle free loan alternative which provides unsecured working capital for small businesses – a convenient, fast and easy way to get the money you need for your business, when your company needs cash most. Maverick provides your business with the cash in advance based on future credit card sales, without the formalities and strict requirements of most traditional small business loans or other lending institutions. Typical small business loan requirements, such as good credit, security collateral, and a long business history are not available to all business owners. Thus, a business advance is an especially perfect alternative for people with bad credit.
A merchant advance allows you to leverage the greatest
untapped asset you have… your future sales!
The concept is simple. We will pay you for your future credit card transactions up front. The use of funds is entirely up to you – no restrictions. As transactions roll in we get paid back with a small fixed percent of those daily credit card receipts.
S U M M A R Y
Cash Advance vs. Small Business Loan:
A cash advance is the perfect solution when a traditional small business loan falls short. Compared with small business loans, our funding programs have many advantages such as no fixed payment schedules and your funds can be available in a few days.
Unsecured – Even if the applicant has good personal credit and has been operating for over a year, banks and other lenders may consider your industry to be extremely high-risk. Many lenders will not provide funding at all, while those that do tend to be very selective. While small business loans require collateral and personal guarantee, new and businesses with bad credit can still qualify for an unsecured cash advance or business advance.
Approval Time – Because business is fast-paced and constantly changing, owners often seek capital to renovate, advertise and expand. Traditional funding takes too long to qualify for and may not be approved in time. We can have you approved for a credit card business advance in as soon as 24 hours.
Payment Terms – Unlike a small business loan that requires a fixed payment, our unsecured cash advance is based on credit card sales volume… so during a slow time it allows you to pay less. This program is designed to accommodate owners with the natural patterns of business ups and downs. So we only get paid when you do.
Qualification – Even if you have applied and been rejected for small business loans, you may still be able to qualify for a merchant cash advance. We have helped hundreds of merchants who were turned down by banks and other lenders.
Emergency Funding – A business owner must be able to handle emergencies or be able to act on an opportunity quickly. Most people can’t afford to wait around for banks which require large amounts of paperwork, financials, tax returns and overall time. Traditional funding could take months to secure while our merchant advance will provide you with working capital in as little as 72 hours, and we can have the money placed in your bank account in less than a week.
Use of Funds – There are no limitations on how merchants plan to use their cash advances and we do not require any plan or purpose to complete the funding. It is completely up to the business how they wish to utilize the money they receive, however, most choose to invest back in their business for renovations, expansions, equipment, payroll or just general business cash flow.
If you are interested in added security of high dollar purchases, large Ebay ticket prices and auction transactions, then Escrow services are for you. They ensure the seller gets paid and the buyer is happy with their purchase.
Escrow services act as a middleman for a payment transaction. They ensure the buyer is happy with the product they’ve received and that the seller gets paid accordingly. This solution provides good security and trust that are an essential for high ticket items (i.e. domain names, company buy-outs, etc.) and auction-type websites.
Here’s how Escrow services work:
Step 1: The Buyer pays for the order to the Escrow service with a credit card, money order, check (business, personal, certified), wire transfer, or direct deposit.
Step 2: Once the Escrow service receives the Buyer’s payment, they will then notify the Seller to go ahead and ship the merchandise to the Buyer.
Step 3: After the Buyer receives the merchandise, he/she then notifies the Escrow service that they are happy with the purchase.
Step 4: The Escrow service then pays the Seller accordingly either by check or wire transfer into your bank account
If the Buyer is not satisfied with the merchandise, he/she can notify the Escrow service that the item(s) has been returned to the Seller. Once the Seller receives the merchandise back, they are given a period of time (about a week) for inspection of returned item(s). The inspection period allows the Seller time to ensure the merchandise was returned in the same condition as it was shipped. After which, the Escrow service will refund the Buyer for the amount paid, less the Escrow service fee.
Maverick BankCard can help set you up with Escrow payment acceptance services for your business.
Remote Deposit Capture gives you the ability to deposit a check into a bank account from a remote location, such as an office or home, without having to physically deliver the check to your bank. This is accomplished by scanning a digital image of a check into a computer, then transmitting that image to the bank, a practice that became legal in the United States in 2004 when the Check Clearing for the 21st Century Act (or Check 21 Act) took effect.
The Check 21 Act makes the digital image of a check legally acceptable for payment purposes, just like a traditional paper check
Remote deposit saves time and money because businesses who use it no longer have to send an employee or a courier to take their checks to the bank. Another potential benefit is that it cuts down on paperwork, and therefore reduces the chances of making mistakes or losing checks in the process of depositing them. Bounced checks also show up faster when processed through remote deposit. Remote Deposit essentially reduces float – the standard one or two-day waiting period between the time someone writes a check and the time the money is actually taken out of their account. Although, all banks in the United States still operate with at least a one-day float period.
Your financial institution accepts remote deposits via conventional scanner, smartphone, or tablet (versus a MICR scanner). Supported smartphones and tablets use Android by Google, and iOS by Apple.
Maverick recommends the following RDC hardware solutions at competitive price points. These add-ons can help bring loyalty and add value to your business.
Burroughs SmartSource® Professional