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A new processor option

A new processor option. Merchant info. Excluded merchants: Bankruptcy attorneys Pawn shops Credit repair agencies Coin dealers. Merchant info. Included merchants: Jewelry stores Travel/vacations/timeshares Home-based businesses Clothing Car audio

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A new processor option

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  1. A new processor option

  2. Merchant info Excluded merchants: • Bankruptcy attorneys • Pawn shops • Credit repair agencies • Coin dealers

  3. Merchant info Included merchants: • Jewelry stores • Travel/vacations/timeshares • Home-based businesses • Clothing • Car audio • Full amount of used cars (processor does take a position on the note)

  4. 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

  5. Merchant must lease/purchase terminal and check reader • No setup fee • $7.00 application fee for single check conversion option 1.5% +$0.20 fee for single check conversion

  6. Customer info • Financing terms: 45 days, 60 days, 90 days, 135 days, 180 days • Limits/warranty fees: $0 - $1500 – 8% $1501 - $2500 – 15%

  7. Customer must present ID, paycheck stub or bank statement (if self-employed) • If customer has 1 or fewer NSFs in past 6 months, merchant receives full amount of funds • If customer has 2 - 5 NSFs in past 6 months, merchant receives the downpayment and the balance is “paid when paid” • If customer has 6 or more NSFs in previous 6 months, s/he does not qualify

  8. Customer may request to have funds withdrawn weekly, biweekly or once a month

  9. Transaction process • 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

  10. Questions? Call James Kosmatka at 800/330-7221 or email at platinumonellc@gmail.com

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