This is a refreshing alternative for retailers who have been struggling to get access to working capital from the banks. Retailers across the country are taking advantage of an asset they already have; their future credit and debit card sales.
This is a perfect time for retailers to learn about this facility that is available to them as Christmas is approaching. Retailers can take advantage by receiving their Christmas takings now which will allow them to invest it into their business by either purchasing Christmas stock, refurbishing their premises or simply whatever they may need.
One merchant who has taken advantage of this new technology is Jake Schamrel of the Courtyard Restaurant. Jake needed working capital to convert unused space in this restaurant into a casual dining room. Once converted, Jake has seen 28% growth in his business revenue.
“This is a genius idea, a unique system that suites my business. The payments are flexible so whether I process £5,000 or £2000 it works alongside my business activity with no risk to me or my business.”
These terminals are giving merchants an alternative route to funding, helping them to grow and improve their businesses. Jake is one of many business owners who will not be beaten and continue to grow his business through the recession.
United Kapital (http://www.unitedkapital.co.uk) is pleased to be one of the first companies to introduce this terminal functionality. Tony Pegg, Managing Director of United Kapital indicated, “These terminals are the most advanced in the market, not only are they effective at their primary function of accepting credit and credit card payments but they give merchants the assurance of working capital as and when they need it. The terminals are PCI DSS compliant and are available to all types of business whether their business currently has a fixed, portable or mobile terminal.”