Increase revenue from existing merchants and open doors to new ones by offering them:
Up to $500,000 in working capital Same-day approvals Funding in as little as 72 hoursWhen you partner with RapidFuel, we handle the entire process in-house, including:
Underwriting Risk management FundingThat means we can provide both you and your merchants with a level of customer support you just won't find anywhere else.
Fuel your profitability by taking advantage of our industry-leading compensation program. On every newly submitted advance, you’ll earn:
A commission of up to 30% of the fee income.25% of origination fees charged.
By way of example, let’s say you secure $30,000 in RapidFuel for a merchant at a factor rate of 1.32 with $890 in fees. Here’s how your total commission would be calculated:
Advance amount x factor rate = a Right to Receive (RTR) amount of $39,600 ($30,000 x 1.32)RTR - advance amount = $9,600 ($39,600 -$30,000)Fee income x 30% = a base commission of $2,880 ($9,600x .30)Upfront fee x 25% = an additional commission of $222.50 ($890 x .25)Total commission = $3,105.50
Then, if that merchant pays down the balance to $10,000 and renews for another $50,000 advance which nets $40,000 in RapidFuel at a 1.30 factor rate, here's how your total commission would be calculated:
Net advance amount x factor rate = a Right to Receive (RTR) amount of $52,000 ($40,000 x 1.30)RTR - net advance amount = $12,000 ($52,000 - $40,000) Fee income x 30% = a base commission of $3,600 ($12,000 x 0.30)Origination fee x 25% = an additional commission of $225.50 ( $890 x 0.25) Total commission for renewal = $3,825.50
