Merchant pricing
The short version is that standard programs carry no mandatory merchant fee. Here is the longer version, including where costs do exist.
In short
Standard programs carry no mandatory merchant fees, no sales minimums and no required invoice buy-downs. Where a cost does arise it is a choice you make: an optional promotional rate program, where you subsidise a lower customer payment to close a specific kind of sale. Everything else — onboarding, training, the portal and support — is included.
Your counter
What is included and what is optional
If a line below is not marked optional, it is not charged on standard programs.
| Item | Cost | Notes |
|---|---|---|
| Mandatory merchant fee | None | On standard programs |
| Sales minimum | None | No volume commitment |
| Invoice buy-down | Not required | Optional on promotional programs |
| Onboarding and setup | Included | Discovery call, agreement, go-live |
| Application link and QR code | Included | Branded to your location |
| Staff training | Included | At go-live and on request afterwards |
| Merchant portal | Included | Application status and funding tracking |
| Support | Included | US-based, seven days a week |
| Promotional rate programs | Optional | You subsidise a lower customer payment |
How you get paid
Funding, in plain terms
The provider funds the invoice
The lender or lessor that approves the customer funds the transaction directly. You are not extending credit and you are not carrying the paper.
You are out of collections
Payments, late payments, payoff quotes and servicing are the provider’s. Nothing comes back to your counter.
One link, every customer
Consumer, commercial and municipal customers across the full credit spectrum apply through the same link, so you are not maintaining four separate programs.
When promotional rates make sense
The one place a merchant cost appears
A promotional rate program lets you buy down the customer’s cost to advertise a specific offer — a lower payment on a particular category, for example, or a promotional period on a seasonal line.
It is worth doing when the uplift in close rate or average ticket exceeds the subsidy, and not otherwise. We will model it with you at onboarding rather than selling it as a default.
Compare the alternative honestly
Carrying your own layaway or in-house payment plan is not free either. It ties up inventory, consumes admin time and carries abandonment risk. That is the comparison, not zero.
By industry
Programs vary by what you sell
Ticket sizes, credit mix and paperwork differ sharply by category. These pages cover the specifics.
Furniture stores
Jewelry stores
Pawn shops
Mower dealers
Marine dealers
Tire shops
Joining
How onboarding runs
Gather documents
Business and ownership details, banking information, and photographs of your store front and interior.
Submit the enquiry
Expect an email within 12 to 24 hours to schedule a discovery call with the onboarding team.
Discovery call
We work out which programs suit your category, your ticket sizes and your customers’ credit mix.
Agreement and go live
A merchant agreement follows for review and signature, then your link, QR code and staff training.
Questions
Merchant questions
Is there really no merchant fee?
On standard programs, no mandatory fee, no sales minimum and no required buy-down. Optional promotional rate programs are the exception and are entirely your choice.
How and when do I get paid?
The lender or lessor funds your invoice directly once the agreement is signed and the goods are delivered or the work is complete.
Do I carry any credit risk?
No. The provider holds the agreement and takes the credit risk. Collections never come back to you.
Is there a contract term or exclusivity?
The merchant agreement is reviewed at onboarding. Most merchants run more than one program, and we do not require that you stop.
What if my category is not listed?
The network expands by request and covers most durable goods and services. Call 888-509-1370 and describe what you sell.
Keep reading
Related
Offer financing at your counter
No mandatory merchant fees on standard programs, no sales minimums, and one application link covering every customer who walks in.