Merchant Cash Advance (MCA) is getting increasingly popular among small businesses to get a lump sum of cash upfront without struggling with traditional loan channels. MCA streamlines the loan process for small businesses but demands more effort from MCA providers, as they have to identify qualified businesses out of thousands of merchants looking for funding. This is where Cashyew assists MCA providers by providing highly-qualified, real-time MCA leads in a hassle-free way. This article explores in detail Cashyew services and how it removes the struggle of finding qualified leads for MCA providers.
Cashyew – A Quick Overview
Cashyew is an MCA leads-generating service that provides MCA providers with a one-stop place to hunt for valuable leads. With ten years of market experience, Cashyew has made its name in the MCA industry as the premiere lead and data provider.
The team behind Cashyew generates leads from email marketing, Facebook, Google, and the large affiliate base. Afterward, the leads are sent to the company’s central database, where the experienced qualifiers qualify the leads through a stringent qualification process. In addition, all the emails and phone numbers of MCA leads are validated and verified. This way, Cashyew delivers real-time, highly validated MCA leads and data.
Cashyew Services & Its Stringent Qualification Process
Cashyew offerings are available under two services, as follows:
- MCA Leads
Cashyew MCA leads provides two types of databases:
- New MCA Leads: This database includes fresh MCA leads, webform leads, funded deals, UCCs, and submissions. This database best suits MCA providers looking for targeted campaigns.
- MCA Data: This database includes older MCA leads available at a lower cost. This database best suits MCA providers looking for emails, SMS texting, cold calling, or ringless voicemails.
All the leads that MCA providers get under this service go through a comprehensive qualification process where the qualifiers ask up to 20 questions to verify/qualify them. The questions are mainly related to the below categories:
- Minimum Requirements: Verified one year in business, business bank account, 10K in monthly revenue, positive daily & monthly balances, 500 or above Fico credit score, and no unresolved bankruptcy.
- Intent: A series of questions to identify the real intent of the merchant.
- Expectations: A one-page application for merchants to provide their expectations. In addition, they have to submit the recent four months’ bank statements.
This way, Cashyew ensures that MCA providers get the most qualified leads to drive their business to success.
- Cash Discount Processing Leads
The journey of Cashyew began with a team of expert lead generators who initially focused on generating credit card processing leads. However, sustaining credit card processing lead generation became challenging due to diminishing margins and shifting industry trends.
Recognizing the evolving landscape, Cashyew adapted its approach and embraced the rising popularity of cash discount processing, where merchants transfer the transaction costs associated with credit processing to their customers. By offering cash discount processing leads, Cashyew enables clients to differentiate themselves in the market and attract a wider customer base.
Like the above MCA leads service, the qualifiers also conduct a thorough qualification round to qualify the cash discount processing leads. The questions are centered on the below three main categories:
- Minimum Requirements: 1 year in business (unless new business), business bank account, 5K in monthly revenue, 500 or above Fico credit score, and no unresolved bankruptcy.
- Intent: A series of questions to identify the real intent of the merchant.
- Expectations: Merchants are made to provide their expectations. In addition, they have to submit the recent current credit card processing statements.
Besides the stringent qualification process, Cashyew also scrubs the phone numbers every 3rd day to help avoid TCPA violations, while the emails of merchants are also verified. In short, Cashyew serves as a trustworthy platform for accessing real-time, qualified MCA leads.