PaymentMax Processing Inc., a leader in independent transactions service, has become the world’s first PAYware mobile merchant service provider with next day funding.
PAYware mobile is VeriFone’s software for small and mid-size businesses that would benefit by being able to process payments of cash and credit cards in a mobile environment. Typically, they serve businesses that make repairs or offer services in the home or on location, restaurants, delivery services, and other on-the-go businesses. PAYware Mobile allows these merchants to process payments in real time by using their iPhone or iPad from any location, and even conduct business off line in areas without coverage.
PaymentMax recognizes how critical it is for these working merchants to keep cash flow moving through the payment system and is able to offer next day funding. A credit card sale made on Tuesday will show up with funds available to reinvest in the merchant’s bank account on Wednesday. Cash flow can be the make it or break it factor in new business start-ups and small businesses wishing to expand.
PaymentMax is currently able to provide this next-day service for US-based checking accounts, both business accounts and personal checking for sole proprietors. Since PAYware Mobile captures card data in real time, there are some instances when sales made in the early morning reach the merchant’s account before close of business the same day. 1
About PaymentMax
PaymentMax is based in Thousand Oaks, CA, and offers payment processing solutions for all businesses, conventional as well as mobile. Their mobile payment merchant accounts are designed t provide reliability, security, affordability, and efficiency to small businesses. For more information about services, see www.paymentmax.com
About VeriFone
VeriFone Holdings, Inc., a global leader in electronic payment processing, provides secure mobile card readers for the iPhone and the payment app for conducting transactions. For more information see http://www.verifone.com/
1May not be typical. Merchant accounts are credited for transactions within one business day of batch submission.
