Excluded merchants:

Bankruptcy attorneys

Pawn shops

Credit repair agencies

Coin dealers
Included merchants:

Jewelry stores

Travel/vacations/timeshares

Home-based businesses

Clothing

Car audio

Full amount of used cars (processor does
take a position on the note)
No merchants are turned down due to
credit/bank statements (leasing company may
still decline, however).
Merchant does not need to furnish bank
statements or IRS forms. Merchant must
furnish:

Business license

Voided check

Driver’s license



Merchant must lease/purchase terminal and
check reader
No setup fee
$7.00 application fee for single check
conversion option
1.5% +$0.20 fee for single check conversion


Financing terms: 45 days, 60 days, 90 days, 135
days, 180 days
Limits/warranty fees:
$0 - $1500 – 8%
$1501 - $2500 – 15%




Customer must present ID, paycheck stub or
bank statement (if self-employed)
If customer has 1 or fewer NSFs in past 6
months, merchant receives full amount of
funds
If customer has 2 - 5 NSFs in past 6 months,
merchant receives the downpayment and the
balance is “paid when paid”
If customer has 6 or more NSFs in previous 6
months, s/he does not qualify

Customer may request to have funds
withdrawn weekly, biweekly or once a month

Transaction process
Merchant:
1.
2.
3.
4.
5.
logs into website
fills in application online, receives
transaction number
faxes in bank statement or check stub along
with transaction number
submits down payment check via check
reader/terminal along with transaction
number
receives approval notification within 10
minutes
Call James Kosmatka at 800/330-7221
or email at
platinumonellc@gmail.com