SYSTEMS AND METHODS FOR IMPLEMENTING MERCHANT WORKING CAPITAL

摘要

A system or method for implementing working capital for merchants is provided. In particular, a payment service provider may provide working capital to merchants based on the merchant's sales or payment history. For example, based on a merchant's sales or payment history, a close-ended (fixed amount) loan based on expected customer sales, with no fixed duration, no end date, and no interest, is provided to the merchant The “loan” may be viewed as a hybrid cash advance/loan product. Further, the repayment for the loan may be derived from future sales. The payment service provider may monitor sales volume of the merchant based on payment activities at the merchant. Based on the loan term, a portion of the sales revenue of the merchant may be directed for repayment of the loan. Thus, the repayment may be contingent on sales volume to provide the merchant with flexibility in loan repayment.

主权项

1. A system, comprising:
a non-transitory memory storing merchant account information, including merchant sales revenues processed through a payment provider; and one or more hardware processors coupled to the memory and operable to read the instructions from the memory to perform the steps of:
determining a qualified loan amount based on sales revenue of a merchant processed through the payment provider;receiving a loan amount selected by the merchant from within the qualified loan amount;receiving a repayment arrangement selected by the merchant indicating a percentage of sales revenue to be used for repayment of the loan amount; andcollecting the percentage of the sales revenue of the merchant processed through the payment provider at periodic times for repayment of the loan amount.