Get paid up to 8 quarters (2) years cap on the Merchant Refferal.įeel Free to Charge a Consulting Fee of no more than 1-3% if merchant is Approved and Funded from your ACH process company. So Example: Close for this first Quarter 2022 which of course ends March we will pay your residual by the end of April. We pay quarterly (1) month after the quarter ends. Streamline your payables process with Divvy's free vendor payment solution.Ĭommissions: You get 10 Basis Points off the spend of the card.
#Divvy credit card software#
Preserve your accounting processes with our built-in software integrations.Ĥ.7/5 rated mobile app that brings budgets, virtual cards, and more into a single app.Ĭatch abnormalities and keep your teams accountable with Divvy's reporting tools.
The pay-as-you-go program for businesses that need to build credit. Out-of-pocket expenses, card spend, and reimbursements all in one system.Įvery Divvy customer qualifies to earn rewards from their card spend. Protect your business from fraud and overspending with Divvy virtual cards. 1= Up to 100k Approval or Less depends on the risk model.
#Divvy credit card how to#
How to Calculate Approximate Loan Amounts to advise to your merchant: Example if merchant Generates 1 Million a Year x. If a merchant is over leveraged or Defaulted they can still get Approved!ģ) Needs to Spend over $5,000 or more on the Divvy Card Per Month Our Underwriting is separate from the MCA space. There are no Terms on the Card, Merchant has 30 days to pay back what they used to avoided card from being Paused until the balance is paid. There is no interest charged to Merchant, How? Visa pays us a % every time your merchant spends on the money we advanced on there divvy card. Once approved merchants will have access to a digital Visa card as the Physical Card comes in the Mail in 3-5 business days. Except Chances of getting Approved are far more higher chance with Get Divvy than Amex’s stringent vetting process. Get your Merchants Approved up to $1,000,000 works like a Amex with Reward Points and all for using the card. Divvy was recently acquired by for $2.5 billion in July 2021. Get Divvy Offers Access to Capital for merchants through a Divvy Visa Credit Card that can be used as a Line Of Credit for any necessary expenses. I’m new to daily funder and appreciate the opportunity to introduce what we do and how it can benefit your loan brokerage business. Hi Everyone! My name is Dallen, I am a Senior Manager of Partnerships with Get Divvy.
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