At PaySprint, we are supporting entrepreneurs to grow and scale their businesses.

In addition to offering No-Hardware and 100% subscription-based payment processing, ecommerce and retail solution that enables business to save on the cost of doing business, we are also offering access to financing support that helps to boost the success of your business.

Businesses on PaySprint can now easily access additional unsecured funds with no cumbersome documentations, or stringent terms. Accessing funds on PaySprint is fast and available to eligible merchants only.  Funds can be used for activities towards growing the revenue of the company and this is not limited to inventory, marketing campaigns, advertisement etc.

Eligibility Criteria

PaySprint determines the eligibility based on different factors related to PaySprint business account, including volume of transactions. These factors include:

1. Processing Payments through PaySprint. Your business must be receiving payments through the PaySprint Business account for a minimum of 3-month.
2. Be in Good Standing with PaySprint. PaySprint must not have closed any account you previously opened, or an account connected to your business account.
3. Active Business. You must be operating an active business. Active business is defined as a business that is up to date in compliance with all extant laws, (e.g., filing of annual returns to relevant agencies of the government etc.)
4. No or Low dispute rate. Dispute occurred when a credit card transaction was rejected as fraudulent. This transaction resulted in chargebacks on the business account.
5. A Growing Business. The amount of fund you can access under this program is limited by the number transactions we processed for you. Businesses with higher volume of transactions are considered faster that businesses with low volume of transactions.
6. Consistent and reliable processing record. A consistent and reliable processing record with little periods of low or no volume indicates a stable business, and this increases the chances of qualifying to access funds.
7. Business Health Test. The more information we have about your business, the more likelihood that your business will pass the health test and be able to access additional funds on PaySprint.

Available Funds (Wallet Balance Protection)
Available funds to your business are majorly dependent on the volume of transactions over a minimum period of 3 months.

• • 3-5 months  – 30% of monthly average of inflows
  • 6 months and above – 70% of monthly average of inflows

Fee
Monthly fee is applied to covers the wallet Balance Protection.
Your business eligibility to access funds on PaySprint is reviewed monthly and once eligible, a notice would be placed on your PaySprint Business Account Dashboard. No application or acceptance are needed. Utilisation of the funds indicate that you accept the terms of the offer.

Special Notice.
By switching your transactions to PaySprint, your business has a better chance of meeting the eligibility criteria.