Velocity Funding

About Velocity Funding

Velocity Funding is an ISO that specializes in providing merchant cash advances and business financing solutions for small to medium-sized businesses. They focus on offering flexible funding options, allowing businesses to access capital based on their future revenue rather than traditional credit assessments. Velocity Funding aims to streamline the application process, often deploying technology to facilitate quicker approvals and disbursements. This model appeals to businesses that may struggle to secure financing through conventional banks due to stringent requirements. Additionally, they tend to work closely with business owners to tailor financing solutions that align with specific operational needs and cash flow patterns.

Pricing

Velocity Funding offers a variety of payment processing services and associated fees that can vary based on the merchant’s specific needs and transaction volume. Common fees include transaction fees, which typically range from 1.5% to 3.5% per transaction, depending on the card type and risk profile. Monthly fees may be around $10 to $30 for account maintenance. Gateway fees typically range from $15 to $25 per month, charged for the technology facilitating online transactions. Additionally, there might be annual fees, which could approximate $100 to $250, for account setups or service renewals. These costs can fluctuate based on factors such as the industry, processing volume, and service agreements, making it essential for merchants to review their contracts for specific terms and potential hidden fees.