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What Merchant Processor should you use?
Hello all, I know some people get frustrated with the process of getting a Merchant Card Processor. This is for you Miss Donna, Ivan and anyone who needs this. I suggest that you have more than one Merchant Processor for the same reason I suggest more than one bank account (Go check out my post on that). Platpay is great and occasionally you may want to use a different Merchant Processor. One of the processors I recommend is Whop. Why Whop 1. Easy to set up they don’t ask a trillion questions. And you won’t get confused on what to answer. 2. It can be set up in 5 minutes and on the sixth minute you can be accepting payment from a client FAST!!!! 3. You do not go through a credit check (hard inquiries Yuck 🤢 lol). 4. You don’t even need a business bank account you can use a personal account ( I highly suggest you have a business bank account). 5. You don’t even need to be a U.S. Citizen and can open a merchant account with them 6. They have tools and resources to help promote your business and help you recruit affiliates. 7. You can help your clients and set them up with whop and get paid whenever they use whop to do merchant account processing. 8. They don’t flag your account and hold your money if you take a payment that is more than usual. Example if you normally take payments between 5k to 20k and then one day you get a payment for $106,250 they will not lock your account like other platforms. 9. Customer service has been great for me so far 10. Lastly I I want you to know that Whop charges slightly higher fees but they offer more options. Here is a link to use Whop if you would like https://whop.com/new/?a=francoishewing 🙌🏽💪🏽👊🏽🚀
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WTF MCA?!
Stop burning your leads on toxic MCAs. Let's be brutally honest. Throwing a client into a Merchant Cash Advance because it is easy is just lazy brokering. It traps the business owner, kills their cash flow, and guarantees they will never come back to you for a second round of healthy funding. We just dropped a new video breaking down a completely different way to play the game. - Find out how to stop guessing and instantly pull the exact funding options your clients actually deserve. - Find out how the Funding Machine system completely eliminates the MCA trap and scales your brokerage at the same time. Thoughts in the comments...👇
1 like • 6d
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New applicant
I have a new applicant that I talkt to last night. how long does it take to process the application?
1 like • 6d
The processing takes a different amount of time depending on what the client will qualify for. Typical funding will take on average anywhere from 1-10 days on most products that a small to midsize business owner will qualify for. I know you put in a new applicant and you are excited and what it to be done RIGHT NOW, but please have patience and let the team work the deal for you. I promise the team is working hard to get your clients educated and funded. If we don't fund your client 7Figures makes $0.00 So we want to fund your client and do it quickly. @Victor Rosado Awesome job excited for you to help your first client with 7Figures!!!
Getting Started
Hi Everyone, Transitioning from corporate leadership into entrepreneurship! My mission is helping business owners scale, and as we all know, cash flow is everything on that path. Looking forward to connecting with fellow founders and professionals in this space as I build out this next chapter!
0 likes • 10d
We are excited to have you Gustavo!!! I hope you check the calendar up top of the group and join our 5 day CEO Challenge. If you would like to have a 1 on 1 call to go over our investment opportunities for a Funding Machine I am happy to jump on a zoom with you. Click the link to schedule a time https://link.myfundingmachine.com/widget/booking/B5ueKJKLIIR188CzRLuq?user_id=WzDKbL4o9qOBwFIOweA2
Bank accounts which one should You have?
I have had about 7 people for some reason this month as me what bank should I use. Welll that is completely up to you. My suggestion is that you have at least two banks that you have accounts with. There are a few different reasons why. 1. If you for some reason have complications with one you have the other and things can move along smoother because you at least have a back up. 2. Your money is only FDIC insured up to a certain amount. You will need a couple of banks at least once your deposits at up to a certain amount. 3. Building relationships with multipule banks builds multiple relationships. The better your relationships the easier it is to leverage O.P.M. (Other Peoples Money). I would suggest to have SOFI as a bank account. To me they are very progressive and have many tools and resources for you. Customer service has always been good for me. I Love their app and when I got funding from them it was funded same day!!! All you have to do is click link below and set up your Checking & Savings accounts and you get $25 dollars. (Yes they have business banking accounts and I suggest you get one). I hope this helps 👊🏽💪🏽🙌🏽🚀 https://www.sofi.com/invite/money?gcp=d595920f-8f54-48dd-9be8-b2a2bb09431a&isAliasGcp=false
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Francois Hewing
6
1,428 points to level up
@francois-hewing-7916
I am an Entrepreneur and Funding Advocate that loves educating and empowering entrepreneurs 🙌🏽

Active 13h ago
Joined Jan 24, 2025
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