A Merchant Cash Advance (MCA), also known as a “credit card split”, is an advance where a merchant receives a lump-sum payment in exchange for the sale of future credit card receipts. A certain percentage, or “factor rate” is added to the sum advanced to determine the total payback. Every time a merchant processes its credit card receipts, a process known as “batching”, Biz-Pay receives a percentage of each batch until the advance is satisfied. The use of pre-approved credit card processors is required for this product. Biz-Pay will provide further information and assistance to merchants interested in using this product.