Paymentmax Introduces ‘Next Day Funding’ For Online Businesses Accepting Credit Cards

Revolutionary new rapid payment processing lets businesses get their money the very next day, improving cash flow

Thousand Oaks, CA January 15, 2008 — Paymentmax announced a new feature that lets business owners charge a customer’s credit card, then have access to the funds the very next day. This is a major advancement over traditional credit card processing services that take 2 to 5 days before funds become available to the merchant.

“The length of time that it takes for credit card funds to land in a merchant’s bank account has always been a big issue with businesses,” said Tony Shap, President of Paymentmax. “A business can have all kinds of sales on the books, but still have to wait a week to get their money. That can cause cash flow problems. Paymentmax’s new Next Day processing solves that problem,” Shap said.

Paymentmax’s Next Day processing is being made available to the Internet’s millions of online businesses that need to accept credit cards. Paymentmax serves as a single source for capturing and processing of receivables. “In the past, your sales were captured by one provider, then your funds were processes by two or three others. Not only did everybody get a slice of your sale, but every service had to work together and long delays were frequent. Paymentmax speeds up the entire process to a single day with one of the lowest costs in the industry,” Shap said.

Paymentmax delivers businesses credit and debit card funds directly into the merchant’s existing bank account the next day — or in as little as 12 hours. “We constantly strive to offer the best quality solutions in the industry while keeping our prices well below average. Business owners are constantly telling us Paymantmax gets the job done far faster and costs them far less,” Shap said.

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