Across the country, mobile credit card processing continues to surge as American consumers and businesses increasingly use smartphones, tablets and other electronic devices to buy and sell what they need.
All across the country, fewer and fewer Americans are carrying cash. And paper-based checks are on the decline, with just $18.3 billion in check payments in 2010, compared to $37.3 billion just 10 years prior.
Whether you operate a brick-and-mortar business or an e-commerce store, meeting employee salaries, overhead and other cash-dependent expenses can be difficult. A merchant cash advance is one of the most popular ways to tide your business over during a cas hflow crunch. But before you apply, it's important that you understand how merchant cash advance rates and fees work.