If your card machine says Verifone or Ingenico on it, you can still apply for a merchant cash advance. But those two names are not your payment provider, and knowing the difference saves a week on the application.

Disclaimer: We are not affiliated with Verifone or Ingenico.

The Brand On The Machine Is Not Your Provider

Verifone and Ingenico make the physical card terminals. They are hardware manufacturers, in the way that a till manufacturer makes tills. The company that actually processes your card payments, takes the fee, and pays the money into your bank account is a separate business called an acquirer or merchant services provider. Worldpay, Barclaycard, Elavon, Global Payments, Dojo and Takepayments are all acquirers, and all of them have supplied Verifone or Ingenico terminals to their merchants at one time or another.

This matters for a cash advance because the lender does not fund against the terminal. It funds against the card takings shown on your acquirer’s statement. So the first thing we need to know is not what the machine says, but who sends you the monthly statement and who pays the settlements into your account.

How To Find Out Who Your Acquirer Is

Look at your bank statement. The card settlements that land every day or two will carry the acquirer’s name, not the terminal brand.
Look at your monthly merchant statement. The one that shows your transaction volume and fees. The company that issues it is your acquirer.
Look at the till receipt. Most merchant copies print the acquirer name or merchant ID in the footer.
Check your contract. The terminal may be rented from one company and the acquiring done by another. It is the acquiring contract that matters.

Once you know the acquirer, we almost certainly have a page for them. Our merchant cash advance page lists every provider we fund against. If yours is not on it, tell us anyway, because the list is the most common ones rather than the only ones.

What A Cash Advance Looks Like

A merchant cash advance is repaid as a percentage of your card takings rather than as a fixed monthly payment. You can usually borrow up to 200% of your average monthly card sales after three months of trading, with a minimum of around £3,000 a month in card turnover. Poor credit is considered, because the lender is buying future sales rather than lending against your credit file. The full explanation is on the merchant cash advance page linked above.

Apply For A Merchant Cash Advance

As an independent business finance broker, we help businesses source finance against their card takings whoever the acquirer is. If you are not sure who yours is, send us a recent bank statement showing the card settlements and we will work it out. Fill in the form below to apply.

Simon Johnson

Simple, easy and professional. Listen to business requirement and found the perfect funding solution. Thank you...!

Ihsan Gungor

Great help and fast

Hassan Raza

Many Thanks Marcus for arranging funds for my business despite having several challenges on credit file.

Craig Barclay

Amazing service - Thank you Marcus first class

Shazad “Shaz” Khan

The service is undecrible. I had a lot of issue through other brookers but it has been dealt professionally by Marcus. The service i received is more then beyond expectations.

Gordon Angus

I can't recommend Bolton Business Finance Ltd highly enough. They were able to get us excellent terms and a higher loan amount than expected - far better than any other broker. Marcus was very friendly, helpful and supportive throughout the application and I will definitely use their services again.

Gerad Barclay

Exemplary Business Finance Service Bolton Business Finance and its MD Marcus Wright are professional and an example to others in the industry. Strongly recommended. Most business people searching for a business finance broker will have dealt with Estate Agents, Recruitment Agencies, or both. You know the types; recruitment “consultants” that try to palm you off with unsuitable candidates having doctored the CV to look great, or estate agents that assure you the enquirer is a “Cash Buyer” or in a fabulous position when in fact they have not even got an offer yet for their overpriced property. Many Business Finance Brokers are as above, probably worse. They work the numbers game of collecting applicants then punt the applicants around the types of lenders that want to tie you down with crazily high interest rates, unviable repayment terms and the ubiquitous PG. My advice is to look out for these shady practitioners. They want your personal ID, 6 months Bank Statements and annual accounts before even discussing solutions to your problem. They have only a passing conversational interest in your business. Be especially alert to the additional introduction “Fee” for getting to offer stage. One such broker added a 5% fee unto an already sky-high rate of interest front-loaded unto the principle, no reduction for early settlement, and of course the dreaded PG. Try getting 5% Interest per year on deposit of £200,000…. It is currently almost impossible yet, some brokers want 5% (£10,000 on that £200K) just for the introduction. That’s 3–5 times what Estate Agents will charge, and they typically must do some work and wait 6 months for the transaction to complete. The broker may well have punted your most personal details by email to any number of lenders leaving you exposed in many ways. Marcus did none of the above. He listened to the requirements. Noted preconditions, made no promises but came back very quickly with imaginative propositions. Very personal details and confidential information were requested only when there was agreement in principle. I will certainly use again.

Tyler Homeyard

Great company to deal with. Marcus is a great guy and knows what he’s doing. They helped me with factoring my invoices on Courier Exchange. Very seem less process. Highly recommend.