Your business agrees to sell a fixed dollar amount of its future credit and debit card sales at a discount. Once approved, your business will receive a lump sum of working capital as the purchase price. This money can be used for any business purpose. There are no checks to write and no possible late fees. Your business operates as it always does. Through an automated process, an agreed-upon percentage of receipts is deducted when you "batch" your credit and debit card sales. The percentage retrieved from the business' daily credit and debit card sales remains fixed. This means that, on a busy day where credit/debit card sales are up, the retrieved amount is a little higher, but on days when credit/debit card sales are slow, the retrieved amount will go down accordingly. The percentage retrieved is fixed, not the amount retrieved.
