Simply Funding, LLC Announces EPSG as Its Latest Split Processing Provider
Simply, an alternative funding company and merchant cash advance provider, is pleased to announce they have signed an agreement with EPSG to provide split processing and merchant services to Simply and its clients.
NEW YORK, NEW YORK, September 20, 2017 (Newswire.com) - Simply Funding, LLC, a leading alternative funding company and merchant cash advance provider, is pleased to announce they have signed an agreement with EPSG to provide split processing and merchant services to Simply and its clients.
Simply's Funding Coordinator, Sam Pertaw, states, "I am very excited to welcome EPSG as an additional resource that our customers can count on. Working with EPSG gives us greater flexibility and fast setup times regarding splits, aka holdbacks, for a large portion of our merchant cash advance clients."
I am very excited to welcome EPSG as a great new additional resource our customers can count on to help them grow their businesses. Working with EPSG gives us greater flexibility and fast setup times regarding splits, aka holdbacks, for a large portion of our merchant cash advance clients.
Sam Pertaw, Funding Coordinator
Once Simply provides funding to a merchant, it typically collects a percentage of the proceeds from the merchant's future sales on a daily or weekly basis. The collected amount is then applied to the remaining balance of the transaction. In some instances, Simply collects its percentage directly from the client’s credit card processing transactions. This is where EPSG comes into play. EPSG facilitates the distribution, or "split," of each transaction and delivers a portion of each credit card transaction directly to Simply and the remaining portion to the merchant.
About Simply
Simply is an alternative funding source and merchant cash advance provider located in New York. Our main focus is on food & beverage, restaurants, government contractors, healthcare, and construction, although we do look at other sectors. We finance off of the business's gross monthly receipts and collect by capturing proceeds from sales. Simply has no fixed payments or collateral required. For more information, please contact us directly at 800-661-1864, www.simplymca.com or by email at info@simplymca.com.
Source: Simply Funding, LLC