How does a mIQro Money Repayment Plan work?

Repayment of your mIQro Money Advance is as simple as drawing down the advance. Your mIQro Money Advance is paid back over the next ten merchant processing settlements. mIQro Money will deduct sufficient funds from consecutive credit card processing settlements to repay the advance and fee in equal increments.

For example, if your business takes a $1,000 advance today, mIQro Money will capture $110.00 per day from your credit card processing settlements until $1,100 is collected. That’s the $1,000 advance plus our 10% advance fee.