Among the other significant factors to be considered when applying for a merchant credit card cash advance, an individual has to think about the average size of their company’s transaction. One may ask him or herself why this can be of any significance at all to the financing source, making progress. The 소액결제현금화 solution is a rather commonsensical one. To illustrate this information’s significance, let us use two examples, each of which are seeking a merchant credit card cash advance of $20,000.
The local diner:
The very first example shall be the local diner. Let’s assume that said restaurant averages $20,000 a month in credit card sales. We’ve been to diners, so let us assume that the average price of a meal paid for by credit card is $30.00. This means that in a particular month, to keep 20,000 in sales, the diner would have to serve 667 meals at the typical price of $30.00. Achieving that quantity of turnover and sales would appear to be quite an overwhelming task.
The high-end furniture shops:
For the discussion, let us say the second company is a high-end furniture store. This shop, which sells custom made pieces, averages $80,000 per month in credit card sales. The furniture is sold in sets, however, so the average cost per transaction is $8,000. As you can guess, this means that the shop would have to make only ten average earnings to maintain its monthly average of $80,000 in credit card transactions.
Who is more likely to obtain a cash advance?
As discussed in previous posts, the improvements are repaid into the funding source on a per-transaction basis. This means that the funding source will hold back a percentage of every trade – anywhere from 8% to 25 %- till the advance is repaid. Common sense would seem to dictate that it would be less complicated for the luxury furniture shop to make ten sales than for the diner to make 667. Therefore, the furniture store is the obvious answer.
But we must delve further to understand who the qualified candidate to get a merchant credit card cash advance is 소액결제현금화.
While the diner must do more quantity, the comparatively small size of the sales, which makes it impossible for anyone, two, or perhaps fifty, to affect the restaurant’s income, this isn’t true with the furniture shop. A reduction by just five sales would reduce the store’s earnings in half, impacting its ability to pay off the advance. Now, while funding sources understand and account for the fact that some months are slower than other people – leading to less being reimbursed in those months – they like to 소액결제현금화 hedge as far as you can.