LEGAL - Behalf

*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.

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