Is the FairFigure Capital Card a NET30? How does the funding card work?
The way the card program works is we purchase your future business cash receivables ($745) at a discount ($500). We then break up the payments into 5 or 9 weekly installments that are debited automatically from your business bank account via ach (regardless of card usage). These payments are then reported to the business credit bureaus as a tradeline. Once the $745 is repaid, you may continue using the FairFigure debit card by renewing for additional capital.This debit card is designed to build and grow your business credit profile with the credit bureaus and financial institutions.