How It Works For You?
avoid interest
build business credit
manage cash flow
grow operating capital
save for large purchases
avoid big end of month bills
A business credit card that helps manage cash flow, increases working capital & builds business credit
How It Works
Accept Card Payments
It works through your existing payment processor, adding funds with every sale.
Settlement Splits
Daily sales settlements divide between the card and your bank account.
Set Percentage
Determine how much of each batch settlement goes to the card, from 10% to 100%..
Increase Spending Power
Build unlimited working capital with every daily settlement.
FAQ
How does this increase my spending power?
Every day, a percentage of your daily credit card sales settlements are applied to any purchases made with your Payvus card. If you spend beyond the funds accumulated, you’ll automatically access your card’s credit line. If you spend less, your sales settlement funds save over as a credit on your account for future spending.
How does this help me avoid big end of month bills and interest fees?
If you spend less than the sales settlements accrued to your card during a billing period, you’ll never have to make a payment or pay interest. If you do access your credit line, you won’t be assessed interest if the outstanding balance is repaid through daily settlements before the end of the billing cycle.
Do I have to change my credit card processor?
No, however you may be asked to provide a merchant statement to verify that you accept payments & as long as your existing processor allows it – then you may continue to accept card payments from customers, as usual.
How much credit will I qualify for?
Your credit limit will be determined during the application process and ranges from $1,000 to $10,000. This credit is unsecured and requires no personal guarantee.
How long will it take to receive my card?
You’ll receive your card within 5 – 7 business days of the approval notification email.
When can I start using my card?
As soon as your first daily sales settlement is automatically transferred to your account, you may begin using your card.
Can I make payments in addition to my automatic daily settlements?
You can make payments to your account through the portal at any time or by calling the number on the back of your card.
Can I change the percentage being settled to my account?
You choose the sales-funded percent that’s right for your business. If at any time you wish to change the percentage, log in to your online account and adjust the settings.
How can I check my balance?
Real-time balances are always available when you view your account online.
How can I increase my credit line?
After 90 days, contact Merchant Advisory Services to begin the review process.
Can I transfer funds from my Payvus account to my business checking account?
To transfer funds from your checking account, simply log in to account online and transfer funds or contact customer support to initiate a balance transfer.
What is the APR for unpaid credit purchases made with the card?
The Annual Percentage Rate or APR is 22.49% (15.49 + prime), and never below 18.99%,.
This credit card program is issued by Cross River Bank, pursuant to a license from Visa.
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