FundKite would make an offer to purchase an existing position, or several existing positions, and have the merchant net in excess of 50% of the amounts being purchased. For example, a merchant has two positions with an outstanding debt of $50,000. In order for this program to work, the merchant would need to qualify for a minimum of $100,000 so that after the $50,000 in positions were purchased, the customer would still net $50,000. FundKite buys out up to 5 positions.
« Back to Glossary Index- 88 Pine Street, 17th Floor, New York NY 10005
- 877-502-5003
- 877-502-5003
