No. You pay back a set percentage of your credit card sales until you pay back the money. So if you have a slow month in business you just pay less back. Ify ou have a busy month, you pay more back.
Typically, yes you do but we have other venues that may be able to help you get the money you need. If your business was thinking about starting to take credit cards we can get you up and running now so that when the time comes that you have been taking them long enough it is one less step to do down the road.
The companies we deal with will usually match what ever your current rates are now. There are very rare time that they might have to due to the risk involved in the way you accept credit cards.