Merchant Cash Advances Best Practices Guide / White Paper

admin · #1 (**permalink**) 06-20-2008, 12:31 PM

The Electronic Transaction Association has compiled a great white paper/best practices guide for MCA (Merchant Cash Advances) You can download it in a PDF format by clicking here

The rapid growth of the merchant cash advance (MCA) marketplace has provided many merchants with an alternative source of funds for business development and provided Independent Sales Organizations (ISOs) with a profitable new revenue stream that can help offset pricing pressures in the hyper-competitive card processing business.

While there have been no major reports of any increased risk to acquirers that have partnered to offer MCA programs, this growth has led to reports that some organizations may be engaging in questionable sales practices that threaten to create a reputational risk for the merchant acquiring industry and attract the unwanted attention of federal/state lawmakers and regulators. As such, the ETA Fraud and Risk Committee have developed this paper to explain the MCA industry as well as outline risks that are associated with this product.

The MCA process is currently unregulated. To aide in the continued prosperity of this product, the committee has put together a list of best practices that can be found at the end of this White Paper.

limefunding · #2 (**permalink**) 07-01-2008, 04:05 PM

this is a great resource

samthemoneyman · #3 (**permalink**) 07-09-2008, 04:25 PM

Excellent document! I wish everyone in the industry would read this. It will help everyone respect the merchant cash advance industry more and give a more positive reputation.

GRP Funding · #4 (**permalink**) 08-07-2008, 10:16 AM

I've never even seen this before and we were at the ETA - thanks for the post. Great article.

LauraFranklin · #5 (**permalink**) 08-08-2008, 04:09 PM

Very good article. I wonder why ETA doesn't hand it out more. This would be very useful information for anyone who has just begun looking at getting into the CA industry.

rfgfinance · #6 (**permalink**) 08-08-2008, 10:57 PM

we sent this pdf out to all our sales channels- very valuable information, and, better understanding for them to know the industry and whats been going on.

MCA Newbie · #7 (**permalink**) 02-05-2009, 01:23 PM

As someone new to the industry, I found the Paper extremely helpful. Thanks to the Forum and the people who created it.

jteutonico · #8 (**permalink**) 02-05-2009, 01:40 PM

I wonder how this compares with the white paper that was put out by Advance Me a while back.

MCA is New To Me · #9 (**permalink**) 02-05-2009, 01:49 PM

Thanks, I needed that information

Tampa POS · #10 (**permalink**) 02-11-2010, 02:37 AM

I have never seen such a great article..!!

Thanks for sharing..!!