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What does credit card factoring mean?
Credit card factoring is a way to help businesses get cash advances. Business are able to do this through the utilization of future receivables or credit card invoices.
Is credit card factoring sometimes known as credit card laundering?
Credit Card Factoring is indeed sometimes known as credit card laundering and even at times may be called money laundering. These two names mean to launder money by use of credit cards often times through businesses.
How does credit card factoring work?
credit card factoring is a form of cash advance between small business and the credit card companies to provide cash flow for the small business as they wait for the card purchase to clear the credit card company.
How does a small business use invoice factoring to obtain credit?
Factoring relationships can be set up rather quickly to augment one's cash flow. Factoring allows for direct funds; they do not cause any extra debt. Because of this, a small business can use invoice factoring to help improve their credit by receiving more funds.
How can you discount letter of credit?
Discounting is an archaic term which now refers to the process of forfeiting or factoring the letter of credit
