Some of the factors that might give a Business a good chance of qualifying for a Behalf purchasing limit* include:
Responsible party has ‘good’ or ‘better’ credit
2+ years of personal credit history
3+ accounts open and being paid on time
1 or no accounts with recent delinquency
No recent defaults
*Meeting these factors is not a guarantee of approval. These are general guidelines only and are subject to change. Terms and financing approval are subject to meeting all underwriting and account approval criteria.
Business is growing or well-established
1+ years in business
Positive annual business income
1+ open business accounts (e.g. credit card, business loan, terms account or line of credit)
Very low or no balances where payments are outstanding beyond the business's terms
Business is US-based and is in good standing within the state of the Business's registration
Once approved, we’ll pay your merchants quickly 4
Behalf will pay your merchants by the next business day or sooner after a transaction is submitted and approved, using one of the following payment methods:
Virtual Visa Card
Behalf provides a virtual Visa card number to you upon transaction approval that can be used for purchases made online, in-store or over the phone
Use the virtual Visa card to pay multiple merchants upon submission of approved payment requests through the Behalf Customer Portal
Behalf pays your merchant via ACH transfer by the next business day upon transaction approval
Pay multiple merchants via ACH transfer upon submission of approved payment requests through the Behalf Customer Portal
Pay virtually any merchant 5
Don’t let merchant acceptance stand in your way. Add a new merchant in a few simple steps, using Behalf’s Customer Portal.
Popular merchants that already accept Behalf include:
Behalf Named One of 250 Fastest-Growing Fintechs in the World
Approval of terms, term length and fees are subject to underwriting and account approval criteria. The majority of customers receive an approval decision within 24 business hours (Monday to Friday, 8 am to 5 pm EST) and in many cases, a same-day decision. Delays could occur due to unforeseen circumstances, or additional information or verification required. Behalf customer can submit payment once an approved order has been created. Assuming the transaction is paid with virtual credit card, the majority of payments are made the same business day once approved. If the transaction is made with ACH, it will be processed the next business day, which can take up to 3.5 calendar days (i.e.: if the transaction occurs after ACH cutoff time: Thursday at 6 pm PST). Delays could occur due to unforeseen circumstances, or additional information or verification required.
Merchants are subject to approval criteria.
*Subject to underwriting and approval criteria. Approval occurs at the transaction checkpoint. Merchants generally get paid same-day if by virtual card, or next business day if by ACH, (ACH subject to cut-off time of Thursday at 6 p.m. PST). Processing delays could occur or due to unforeseen circumstances, e.g. when more information is required. Merchants have achieved the following results with Behalf: - A national electronics distributor saw a 83% increase in AOV with customers that use Behalf vs. other payment options (based on sales data from Q1 2017 - Q2 2018) - A top electronic distributor saw a 44% increase in revenue and 80% increase in purchase frequency in the 18 months since launching Behalf as a payment offering, measured in May 2017 DSO (days sales outstanding) savings are based on float cost savings for a 29 day DSO improvement (from 30 days to 1 day) and $18 cost per invoice generated. Cost reduction estimates are based on the following assumptions: - $18 per invoice: assumes $7 for administrative/postage costs and $11 in credit and collection costs
Loans are funded by FinWise Bank, a Utah-chartered bank located in Sandy, Utah, member FDIC, Equal Opportunity Lender. Merchant Cash Advances are made by Behalf. For more information on ECOA, click here. For important information about opening a new account, review Patriot Act procedures here. Visit Legal to review our comprehensive program terms, conditions, and disclosures.