Revolving Card Program: A Financing Solution for Various Industries.

A revolving card program is a financing solution that provides businesses with the ability to offer their customers a line of credit. This financing option has become increasingly popular due to its simplicity, flexibility, and ease of use. Here's everything you need to know about revolving card programs and the industries that can benefit from them.

What is a Revolving Card Program?

A revolving card program is a financing option that provides customers with a line of credit that they can use to make purchases from a particular business. This type of financing option is flexible and allows customers to make purchases and repay the balance over time.

Benefits of a Revolving Card Program

Revolving card programs offer several benefits to businesses, including:

• Increased sales: By providing customers with a line of credit, businesses can increase their sales and average transaction size.
  

• Attract new customers: A revolving card program can attract new customers who are looking for flexible financing options.
  

• Competitive advantage: Offering a revolving card program can provide a competitive advantage over businesses that don't offer financing options.
  

• Quick payment: Merchants receive payment for their products or services upfront, even if the customer hasn't fully paid off their balance.
  

• Same-as-cash promotions: Some programs offer same-as-cash promotions, giving customers the ability to pay off their balance over a set period of time without incurring interest charges.
  

Industries that can Benefit from Revolving Card Programs

Revolving card programs can benefit businesses in various industries, including:

1. Retail: Retail businesses can use revolving card programs to provide their customers with flexible financing options that can increase sales.
   

2. Healthcare: Healthcare providers can use revolving card programs to offer financing options to patients who need to pay for medical procedures or treatments.
   

3. Home Improvement: Home improvement businesses can use revolving card programs to offer financing options to customers who need to make home improvements or repairs.
   

4. Automotive: Automotive businesses can use revolving card programs to provide financing options for vehicle repairs or upgrades.
   

5. Beauty and Wellness: Beauty and wellness businesses can use revolving card programs to offer financing options for services such as haircuts, massages, and spa treatments.
   

Requirements for Approval

Customers typically need a FICO score of 620 or higher to be approved for a revolving card program. The application process involves a soft credit pull, which means there is no impact on the customer's credit score. There are no upfront fees or charges for customers to apply.

Merchant Fees

Merchants are typically charged a one-time fee of 9.99% per approved customer, which is deducted from the funds deposited into the merchant's account.

Revolving card programs are a great financing option for businesses in various industries. By offering customers flexible financing options, businesses can increase their sales, attract new customers, and gain a competitive advantage. If you're looking for a financing solution for your business, a revolving card program may be the right choice for you.

At Payment Servers, we provide revolving card programs that offer flexible financing options for your customers. With credit limits ranging from $300 to $25,000, easy sign-up process, and quick funding, our revolving card program can help you increase sales and attract new customers.

To learn more about our revolving card program and how it can benefit your business, please contact us toll-free at 866-766-3432 or email us at sales@paymentservers.com. Our team of experts is always ready to answer any questions you may have and provide you with the information you need to make the best decision for your business.