![]() ![]() If you received a different code, check out our comprehensive list of credit card decline codes. In these cases, your payment processor can’t do anything to override this decline code. This decline code is typically the actual response that the customer’s credit card issuing bank is directly returning. ![]() It’s important to keep this guide in a convenient spot so it can be referenced when necessary. Your payment processor has most likely given you a list of these decline codes and descriptions. Your success is our success and therefore we allow you to pay off the advance early and at your convenience in a way not found with any other cash advance providers.If you try to process a payment and it’s declined, the credit card processing machine will generate a credit card decline code. This disqualifies a great deal of retailers and businesses from being able to borrow the money they may so badly need.Ĭhoosing Cubefunder to provide the cash advance you need means choosing an experienced team who understand what it takes to run a business and who are not under a board of shareholders looking for a quick profit. ![]() We also understand that many business types who don’t process sufficient card payments may not qualify for the ‘typical’ merchant loan or business cash advance. Being in charge of a business is not a typical ‘9 to 5’ and entails numerous challenges not found elsewhere. We understand that running a business can be difficult and unpredictable at times. Apply NowĬash advances can be the difference between a business’ continued success and the potential for financial difficulty. If you have a preferred or existing card processing provider we will work with them, causing you and your business minimum disruption. You may decide to repay the loan via bank transfer or otherwise and we can facilitate this.Īlternatively, you may wish to repay the cash advance via credit card processing, akin to traditional merchant loans and this is something we can facilitate. Our alternative approach also means that you have a choice whether or not to use card processing to repay the loan. We will agree the cash advance amount and the period over which it applies and will make all the interest and associated charges clear for you.įrom there, you receive the funds you need and can start repaying instantly. Rather than having to change your card processing provider and commit to rigid terms that do not allow early repayments, with us you have the flexibility you need. Apply NowĬubefunder’s merchant cash advance alternatives give your business a degree of flexibility that cannot be found elsewhere. This means that even if the business takes off and can repay the advance early, they must stick to the rigid terms, therefore not allowing them to be more efficient and save money should they wish. Once the merchant loan is repaid, this can cause all nature of disruption to the credit card processing of the business and should they wish to revert to their processor of choice, they may incur additional fees.Īnother pitfall with traditional advances of this nature is that there is no negotiation on the terms agreed. This means that even if the business requiring the advance has been working with a company that comfortably facilitates credit card payments and processing for many years, the merchant lender will require them to change to their preferred and partnered provider to facilitate the arrangement. Most merchant lenders though, require the retail outlet to change payment processing providers. They approach a merchant loan provider who offers the business the instant £10,000 they need in return for a £12,000 portion of future credit/debit card sales over the coming months. For example, a florist who accepts credit card payments needs a £10,000 business loan to pay a crucial supplier but has been rejected by a few lenders. This means that the borrowing business commits to the repayments on the lenders terms. The cash advance is repaid through the business’ future income and sales revenue repaid through credit card payments and mediated by a payment processing provider of the lender’s choice. These advances are regularly used by businesses that need an ‘advance’ on their sales and profits for a variety of reasons. Traditional merchant loans are a popular alternative to business loans for retail businesses. ![]()
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