Merchant Business Funding

Are you looking to expand, renovate or buy stock for your business or website, and finding it hard to raise the capital required? Merchant Business funding may be the answer.

Flexible Finance When You Need It

Merchant Business Funding is a new source of funding based on the monthly average card takings from your card payment terminal. The funding plus a fixed fee is paid back using an agreed percentage of daily credit/debit card takings until repayment is made in full.


Street food

How Much Funding Do I Qualify For?

PaymentPlus can fund between €1,000 and €1,000,000 per facility. The amount funded is based on your average card takings over 3 months with €1,500 monthly card sales. So if you average €15,000 of card takings per month, we can provide funding of €15,000.

Business Funding v’s Bank Loan

Business Funding is an innovative source of funding is an innovative new source of funding for your business compared to a traditional bank loan:

  • Fast access to funding - applications approved in days
  • No business plans required
  • No need to change providers or bank
  • Flexible repayments - payback as you earn
  • Access to a new line of credit
  • No collateral required
Chef with the phone in the restaurant kitchen

What Can You Use The Business Funding For?

Most businesses require additional funding at some stage of their development. The funding can be used in any way you like to grow and improve your business. Common uses are as follows:

  • Renovation
  • Expansion
  • Inventory/stock
  • Equipment upgrade
  • Website development
  • Opportunity funding
  • Emergency funding
  • Marketing/Training
  • Trade Shows

Frequently asked Questions

What do I need to qualify for funding?

You must be in business for at least a year. Your business accepts card payments via a card machine.

How much will I get funded?

If you know your monthly card payment turnover, this will give you an estimate to the size of funding you could receive. Typically, you can get funding that is equivalent to 100% of your monthly card turnover e.g. a monthly card turnover of €10,000 will equal €10,000 funding.

How are repayments made?

On receipt of your Business funding, the repayment process begins automatically. From this point on, whenever one of your customers pays you on card, a small percentage of that sale will go towards paying off your funding.
The flat percentage value is agreed before the point of funding and will stay the same regardless of the transaction value.
For example, if it's 5%, it will be 5% of a €10 sale or a €1,000 sale. The repayment value flexes to the size of the transaction. This process will repeat until the funding is fully repaid.

How Long Does Business Funding Take To Pay?

Business Funding will typically take an average of 9 months to repay, but this may vary depending on the size of your funding and the frequency & value of card transactions being paid to your business.

How To Get Started?

1. Complete Online Application – details will be submitted to our fund partner YouLend

2. Review & Approve – most applications are reviewed and approved within a few days

3. Receive payment