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Standard Plan

Standard Plan. Platinum Standard Plan. Allows Merchants to extend credit up to 180 days without a credit check, provided the customer has good check writing history and proof of income. Platinum Standard Plan.

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Standard Plan

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  1. Standard Plan

  2. Platinum Standard Plan • Allows Merchants to extend credit up to 180 days without a credit check, provided the customer has good check writing history and proof of income.

  3. Platinum Standard Plan No merchants are turned down due to credit/bank statements (leasing company may still decline, however). Merchant does not need to furnish bank statements or IRS forms. Merchant must furnish: • Business license • Voided check • Driver’s license

  4. Platinum Standard Plan • Merchant must lease/purchase terminal and check reader • No setup fee • $7.00 application fee for single check conversion option (Up to $36,000.00) 1.5% +$0.20 fee for single check conversion

  5. Platinum Standard Plan Financing terms: 45 days, 60 days, 90 days, 135 days, 180 days Limits/warranty fees: $0 - $2500 – 15%

  6. Platinum Standard Plan • Customer must present ID, paycheck stub and bank statement (if self-employed 3 Months BK’s) • If customer has no NSFs in past 30 days, merchant receives full amount of funds • If customer has 1 NSFs in past 30 days, merchant receives the down payment and the balance is “paid when payment scheduled” Guaranteed • If customer has 1 or more NSFs in previous 30 days or does not meet minimum income requirement. Merchant will receive funds “paid when paid” NOT GUARANTED

  7. Platinum Standard Plan • Customer may request to have funds withdrawn weekly, biweekly or once a month • Note: To be advanced Merchant must be choose weekly or bi-weekly mode.

  8. Platinum Standard Plan Excluded merchants: • Bankruptcy attorneys • Pawn shops • Credit repair agencies • Coin dealers • Auto Sales

  9. Platinum Standard Plan Included merchants: • Jewelry stores ($1,200.00 Max) • Travel/vacations/timeshares • Home-based businesses (Some Restrictions) • Clothing • Car audio

  10. Platinum Standard Plan • Transaction process Merchant: • logs into website • fills in application online, receives transaction number • faxes in bank statement or check stub along with transaction number • submits down payment check via check reader/terminal along with transaction number • receives approval notification within 10 minutes

  11. Platinum Standard Plan Call James Kosmatka at 800/330-7221 or email James@PlatinumOneLLC.com

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