The Visa Business Card by Payvus is a business card that is integrated with a credit card processing or merchant account. With this card you will get immediate access to your credit card settlement funds along with a line of credit to your improve cash flow and to reinvest in your business without building more debt.
Once an application is approved , an email is sent out requesting that you set up a password to access your account and attest that you have requested the card. Once you confirm & sign off, you can login to your account to see the amount you are approved for and 5-7 business days later you will receive the card. You will receive a DDA change form that you will need to send to their processor to add the new FBO (for the benefit of) account to receive the merchant batch and split it the percentage to card and remainder to DDA. Once the first settlement happens and that first percentage hits the card, the card will be activated.
No, this business card is processor agnostic, however you can save a quarter of a percent (.25%) off your current processing fees if you visit: https://merchantadvisoryservices.com
You will receive an email with a bank letter to give to your current payment processor. If you need assistance updating your DDA contact: https://merchantadvisoryservices.com
How much credit will I qualify for?
The amount of credit – from $100 up to $10,000 - is determined by FICO scores.
You must settle at least one batch to the account before the card can be activated. After the DDA account is updated & the 1st settlement to the card happens, just call the activation # on the back of the card.
Once you have used any funds that have accrued by settlement to the card from the any of the merchant account's daily batches.
22.49% (15.49 + prime), and never below 18.99%, which is comparable to other small business credit cards. However, many cardholders avoid paying interest on credit purchases because payments of their settlement funds are made to their account on a daily basis to pay off balances.
Yes, you can make payments to your account online at: https://secure.payvus.com/ or by phone via the customer service number on the back of the card.
Yes, you can increase or decrease the settlement percentage in your online account by using the slider on the “Accounts” page, but you must call your merchant services provider if you want to decrease the settlement percentage.
You can login to your account online at: https://secure.payvus.com/ or call the customer service number on the back of the card.
By using the this card, you can stop using personal credit cards to fund business expenses, which may assist in improving personal FICO scores & build credit in the business name.
After 90 days, contact Merchant Advisory Services to begin the review process or visit: https://merchantadvisoryservices.com
Yes, just request a transfer by contacting Customer Support at 617-399-2400 option #1.
Use the Payvus card everywhere Visa is accepted or wherever you see the Visa logo.