At a glance
- Payment types
- Credit and debit cards, contactless, mobile wallets, online payments
- Where you sell
- In-store, on the go, online and by invoice
- Equipment
- Point-of-sale systems and card terminals matched to your business
- Pricing
- We’ll review your current statement and show you what you’d pay
- Funding link
- Processing history can support revenue-based financing from a 500 credit score
- Office
- 2 Hudson Place, Hoboken, NJ 07030
Every card payment your business takes carries a cost, and for many owners that cost is hard to read. Statements are long, fees are labeled in industry shorthand, and it’s rarely clear whether you’re paying a fair price. NexGen Lending offers card processing alongside credit guidance, accounting, business brokering and financing, so your payments setup and your capital plan work together.
What is card processing?
What’s included in NexGen’s card processing?
- In-person payments: chip, swipe and contactless cards, plus mobile wallets
- Point of sale: terminals or POS systems suited to how you check customers out
- Online payments: checkout for e-commerce and payment links for invoices
- Deposits: card sales deposited to your business bank account
- Statement review: a plain-language breakdown of what you pay today versus what you’d pay with us
Who is card processing for?
How does card processing work with NexGen?
- Share a recent statement. Call or apply online and send your latest processing statement.
- Get a plain-language review. We explain your current costs and show you what you’d pay with NexGen.
- Choose your setup. Pick the terminals, POS or online tools that fit how you sell.
- Go live. We help set up your account and deposits so you can start accepting payments.
| Statement item | What it usually means |
|---|---|
| Interchange | Fees paid to the card-issuing bank; set by the card networks |
| Assessments | Fees charged by the card networks themselves |
| Processor markup | The processor’s own charge; this is where providers differ |
| Monthly or account fees | Recurring charges for the account, statements or equipment |
How does card processing connect to funding?
If you need capital for inventory, a renovation or a slow season, start with revenue-based financing or a business line of credit (650 minimum credit score). Buying new terminals or a POS system? Equipment financing can cover it.
Frequently asked questions about card processing
How much will card processing cost my business?
It depends on your sales volume, average ticket and how customers pay. We’ll review your current statement and show you what you’d pay with us before you decide.
Can I keep my current equipment?
Sometimes. It depends on the terminal and whether it’s compatible. We’ll check what you have and tell you honestly.
Do you support contactless and mobile wallet payments?
Yes. We can set you up to accept tap-to-pay cards and mobile wallets along with chip and swipe.
Can I accept payments online?
Yes. We can set up online checkout for e-commerce and payment links so customers can pay invoices.
Why is my processing statement so hard to read?
Statements combine interchange, network assessments and processor fees, often with abbreviated labels. Send it to us and we’ll walk you through every line.
Will switching processors affect my financing options?
Your card sales history remains your business’s record of revenue. Lenders typically review bank statements and processing statements together when evaluating financing.
Processing costs depend on card type, transaction volume, business type and other factors. Financing rates, terms and eligibility vary by lender and are subject to underwriting. NexGen Lending (SRJ Marketing INC dba NexGen Lending) arranges financing through a network of lending partners. This page is for general information only and is not financial, legal or tax advice.