Frequently Asked Questions about Credit Card Processing & Merchant Cash Advance
If you have a question, Tweet to #askphoenixmx and we will post the question and answer on our site as well as reply to your Tweet!
Unfortunately, we can't share that. Otherwise our competitors could get the best of us. However, we will say this. We got rid of A LOT of middle guys.
The Founder of Phoenix Merchant Services (Mr. Alexander Mirvis) is a US Army Veteran and served as an Infantryman in Iraq.
Mr. Mirvis is always available to speak with his clients. You may reach him directly at 888-558-9729 x700
We pretty much support any type of equipment. Think of us like an unlocked cellphone services. Whether you need a Mobile Device, Credit Catd Terminal, POS (Point of Sale), or eCommerce Gateway, we pretty much support it all.
Visa, MasterCard, Discover & American Express have their own rates. Processing companies have a sir-charge on top of these rates and average out at 1.69% + $0.25 per transaction. Essentially, you're paying an average of 3% to 4% per transaction.
Yes! Every Payment Processing company is required to have a Bank Grade SSL Encryption and more!
On average, our rates are about a factor rate of 1.25. Factor rates are not based on percentage. Factor rates are calculated like this. Lets assume, you need emergency funding of $10,000 and our factor rates for your type of cash advance is 1.25. You would basically multiply $10,000 x 1.25 (No Percentage). What you will owe is $12,500.
General requirements are: Be in business for at least 9 months, have a daily balance of $1,500, deposit $10,000 or more per month.
Ask us and we will post it here!
© 2016 Phoenix Merchant Services. Phoenix Merchant Services is a registered ISO of Wells Fargo Bank N.A., Walnut Creek, CA - Phoenix Merchant Services are operating under Centaurus Holdings, Inc.