Card Processing - NexGen Lending

Short answer: NexGen’s card processing service sets your business up to accept credit and debit cards, contactless payments, mobile wallets and online payments. We’ll review your current processing statement and show you what you’d pay with us, in plain terms. Your processing history can also help you qualify for revenue-based financing.

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?

Short answer: Card processing, also called merchant services, is the system that lets a business accept card and digital payments and receive the money in its bank account. A processor routes each transaction between your terminal or website, the card networks and the customer’s bank, then deposits the funds to you, minus processing fees.

What is interchange? Interchange is the fee set by the card networks and paid to the bank that issued the customer’s card. It’s usually the largest part of what a business pays to accept cards. The rest is made up of network assessments and the processor’s own markup, which is the part that varies from one provider to another.

What’s included in NexGen’s card processing?

Short answer: We help you accept payments wherever you sell: card terminals and point-of-sale systems in store, contactless and mobile wallets, online checkout and invoicing. We set up deposits to your business bank account, review your current statement so you can compare costs, and stay available when questions come up.

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?

Short answer: It’s for any business that takes card payments: restaurants, retailers, salons, medical and dental offices, auto repair shops, contractors and e-commerce brands. It’s especially useful for owners who have never compared their processing costs, or who are opening a new location and need a payments setup.

How does card processing work with NexGen?

Short answer: Send us a recent processing statement and tell us how you take payments. We’ll break down what you’re paying now and show you what you’d pay with us. If it makes sense to switch, we help set up the equipment and accounts so you can start accepting payments with as little disruption as possible.

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?

Short answer: Steady card sales show lenders how much revenue your business brings in and how consistently. That history can support revenue-based financing, where repayment flexes with your sales and programs start at a 500 credit score. NexGen arranges financing from $10K to $20M through 150+ private lenders, with approvals typically in 1 to 24 hours.

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.

Want to see what you’d pay? Get started or call (908) 639-4361 and send us your latest processing statement. Our team is at 2 Hudson Place, Hoboken, NJ.

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.