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Line of Credit

Funding Solution

Line of credit

Financing amount

$1,000 - $1,000,000

Term

Unlimited term

Fees from

0.0%

Time to fund

up to 48h

Description

About:

Receive elevates eCommerce financial management through its Mastercard® credit card solution, developed in partnership with Patriot Bank, N.A., providing business owners with immediate access to their receivables while eliminating waiting periods traditionally associated with payment processing.

Product:

Receive’s business Mastercard® instantly converts customer purchases into available spending power, enabling entrepreneurs to access their earnings immediately rather than waiting for traditional payment cycles, with automatic balance payments debited from linked accounts when funds become available. The platform seamlessly integrates with existing sales channels and banking relationships, requiring only minutes to set up, while providing comprehensive dashboard visibility of transactions, spending power, and sales performance.

Advantages

  • Immediate Access to Funds. When customers make purchases, the funds are made available on the Receive card immediately, allowing for seamless cash flow management.
  • No Hidden Fees. The card comes with no associated costs or interest charges, ensuring transparency in financial transactions.
  • Wide Acceptance. As a Mastercard®, the Receive card is accepted at millions of locations worldwide, providing flexibility in spending.
  • Automated Payments. Balances are automatically debited from a linked bank account when funds are available, simplifying the payment process for users.
  • Virtual and Physical Options. Users can begin using a virtual card immediately and have the option to request a physical card for traditional transactions.

Platforms

E-commerce marketplaces or online selling channels that are supported.

Amazon

Shopify

Tik Tok Shops

Walmart

Etsy

BigCommerce

Others

Offer details:

Minimum monthly turnover
The minimum average monthly sales required to qualify for this funding solution.
$5,000
Minimum time in business
How long your business must have been operating to be eligible.
24 months
Minimum amount of financing
The range of available funding. The final amount depends on your business performance and credit assessment.
$1,000
Maximum amount of financing
The range of available funding. The final amount depends on your business performance and credit assessment.
$1,000,000
Interest fees
Interest rate represents the cost of your loan. Final rate depends on your business profile and creditworthiness.
0.0% - 0.0%
Repayment period
The length of time you have to repay the funding amount.
2 weeks
Duration of the contract
The duration of the funding agreement.
Unlimited term
Time of decision
Maximum waiting period to receive a funding decision after submitting all required documentation.
up to 48h
Time to release funds
Expected timeframe from application approval to money being deposited in your account.
up to 48h
Additional Info
  • Anyone with over 20% ownership of company, personal details: SSN/ITIN, phone number, address, DOB, legal first and last names (as appears on legal document).
  • Liquidity is based on sales revenue and bank balances.
  • Receive backs sellers that sells on Amazon, Walmart, Shopify, Etsy, Square, TikTok Shop, BigCommerce
Countries operating
Geographical regions where this funding solution is currently available to businesses.
United States
Apply for financing