6 Best Instant Funding Credit Card Processing: Get Paid in 2024

Imagine having a great business opportunity only to miss out because of insufficient funds, or not being able to grow your business because you lack a regular cash flow. Luckily, if you need a cash injection, some credit card processors can help you accept payments right away and get your business off the ground by offering instant funding options.

I spent over a month looking for credit card processors that offer same and next-day payouts, cash advances, and other types of business loans. The problem is that only a handful offer instant funding options for a reasonable price. Even fewer provide such services to high-risk industries.

Aside from instant funding options, I also considered zero-cost credit card processing programs. Over time, these programs can help you cut costs associated with credit card processing and encourage growth for your business, especially if you process a large number of transactions.

Chase Payment Solutions stood out from all the processors I researched. It doesn’t charge a monthly fee and same or next day payouts come as standard. Chase also offers a variety of small business loans to support operations or invest in growth.

Check out Chase Payment Solutions or keep reading to see if one of my other recommendations is a better fit for your business.

What We Look For in the Best Instant Funding Credit Card Processing Companies

In my quest to find the best instant funding credit card processors, I focused on these specific features:

• Same-day payouts. This is particularly beneficial for businesses that operate overnight. It enables you to access the funds from your credit card transactions on the same day you submit the batch. Maximum limits may apply, which isn’t the case with next-day funding. Most of the credit card processors on my list offer this feature.
• Next-day payouts. You can access your funds on the following business day. My recommendations offer this service as a standard or add-on feature.
• Cash advances. This instant funding option allows you to receive a lump sum of cash based on a percentage of your anticipated future credit card sales. Cash advances don’t require collateral – the processor will deduct a portion from future credit card sales until you pay off the advance and associated fees. Some of my top recommendations include cash advances at reasonable terms.
• Affordable pricing. Even if your processor offers instant funding options, you won’t reap the benefits if your day-to-day processing fees are high. I found the best instant funding credit card processing companies with fair pricing structures that align with the needs of businesses operating on a tight budget.
• Zero-cost credit card processing. If you find yourself barely staying afloat, programs like surcharging and cash discounting can shift some of the processing costs onto customers that pay via credit card. I found processors that offer these programs to help you keep more of your profit.

1. Chase: Best for Free Instant Funding With a Business Account

Chase Payment Solutions provides a standard merchant account with no monthly fees. It offers lower-than-average flat-rate pricing starting at 2.6% + 10¢ per transaction, making it a cost-effective option for small and growing businesses. Unfortunately, there are no free or leased options for POS terminals, meaning you must purchase your equipment outright. It offers a limited but high-quality POS selection for Chase Business Banking account holders.

Using the Chase Business Complete Banking account, at $15/month, with the QuickAccept feature, you can access same-day funding, including deposits from mobile payments. Chase will waive this fee if you maintain a minimum daily balance of $2,000. Through its partnership with BigCommerce, you can receive same-day funding from your e-commerce sales, provided you use a Chase banking account. Depositing to a third-party account will get your funds the next day, which is still faster than most competitors.

As one of the largest banks backs it, Chase offers various financing options for small businesses seeking to invest in growth. It provides SBA loans, commercial financing, and business lines of credit, catering to diverse business needs. This range of financing options allows you to select an option that best aligns with your needs.

Features and Benefits

• Free business analytics platform. Customer Insights offers robust business analytics and valuable insights into payment transactions and customer behavior. You can even see how your business compares to other companies, giving you a competitive advantage.
• Subscription management. As a Chase customer, you can sign up for a free three-month trial with FuseBill. It’s a multifaceted subscription management software that can handle billing, invoicing, and recurring payments. These features can significantly improve your cash flow.
• Industry-specific software. Chase offers many industry-specific software solutions as add-ons. Buildertrend is specifically designed for construction project management and invoicing. EventZilla is for event management and marketing. PREto3 is a business management and sales software for childcare centers.
• Free mobile app. The Chase mobile app provides a convenient and user-friendly platform to accept payments, manage disputes, view sales analytics, access customer data, and practically run your business from anywhere. It also acts as a banking app, giving you access to your accounts from your phone.

Read our Chase Payment Solutions review for more information.

2. Square: Best for Businesses That Need Instant Transfers Without Limits

Square’s popularity stems from its effortless and hassle-free onboarding process – it only takes 3 minutes to create a free account. You can begin processing the same day without any approval requirements. It’s also popular due to its affordable plans starting at $0/month and 2.5% + 10¢ per transaction. It’s important to note that Square may terminate accounts and freeze funds without warning, meaning some high-risk merchants should consider more risk-tolerant options like Leaders Merchant Services.

Even on Square’s free plan, you can enjoy next-day transfers. If you need faster payouts, Square has an optional same-day payout service for 1.5% per transfer. Your daily earnings will be automatically transferred to your bank account 15 minutes after you close the day.

For the fastest access to funds, Square provides instant transfers at a rate of 1.5% for amounts up to $10,000 per transfer. There are no transfer limits for daily and weekly payouts. Square also offers instant access to your funds through an FDIC-insured business checking account, which seamlessly integrates with your Square account.

Features and Benefits

• Free mobile reader. You’ll get a free mobile reader as a welcome gift from Square. It’s a compact and versatile device that can transform your smartphone or tablet into a powerful payment terminal to accept payments on the go.
• Free Square Point-of-Sale app. The free Square POS app allows you to accept payments, track inventory, generate sales reports, and create and send invoices.
• Free online store with Square Online. Square Online is a website builder that lets you create and manage a basic online store. It has ready-to-use templates to help you establish your online presence fast.
• Sell online without a website. If managing a website sounds like too much work, you can use Square’s Buy buttons and QR codes to sell without an actual website. You can share these in your emails, social media, and anywhere else you see fit.

See our in-depth Square review for more information.

3. Leaders Merchant Services: Best for Small Businesses Interested in Cash Advances and Loans

Leaders Merchant Services (LMS) doesn’t impose processing minimums, making it accessible to small businesses. You’ll benefit from a low monthly fee that covers the essentials, with more features costing extra. This custom pricing ensures that you only pay for the services you use, which is ideal if you’re on a tight budget.

LMS offers cash advances and other fast business loans that could be beneficial if you need immediate funds to cover current expenses or invest in growth opportunities. You can obtain capital without extensive paperwork or collateral. To qualify, your business must be at least nine months old and processing with LMS for at least six months. The funding amount and terms depend on your sales volume and financial history.

While this processor is ideal for new businesses, it’s also great for established businesses seeking a better deal. LMS’s attractive meet-or-beat guarantee will match or beat your current rates. If it can’t, you’ll receive a $200 gift card.

Features and Benefits

• Same-day approvals. In most cases, LMS approves merchants the same day they apply, meaning you can start taking credit card payments almost immediately.
• Cash discount program. The program allows you to deduct 4% from cash payments or charge your card-paying customer the same percentage on top of their total.
• Free POS. LMS is one of the few processors that offer a high-quality Clover terminal for free. Upon purchase, you will receive the system with free installation, training, and if applicable, already set up for cash discounting.
• Flexible contracts. LMS won’t burden you with long-term contracts and early cancellation fees. You can use its services on a month-to-month basis.

For more features, check out our detailed Leaders Merchant Services review.

4. Paysafe: Variety of Fast Funding Options for Businesses Making High-Ticket Sales Globally

Paysafe releases funds within 1-2 business days as a standard, but it also offers Accelerated Funding for US-based small and medium businesses seeking quick access to cash. This service has three options: Express, Same-Day, and Next-Day Funding. However, it only applies to in-person sales. Out of the three, Express Funding is the fastest, delivering funds to merchants within hours every day, including weekends and holidays.

If you do business in the European market, Paysafe supports rapid transfers, meaning you can access funds immediately after customers complete their transactions. In contrast to Accelerated Funding, rapid transfers are for e-commerce sales. This solution integrates seamlessly with various shopping carts, digital wallets, and Paysafe’s Alternate Payments API, ensuring immediate access to funds regardless of the payment method used.

Paysafe’s payment processing capabilities span over 120 markets globally and support 40+ currencies, making it ideal for global expansion. With its competitive monthly fee of $7.95 and low transaction fees of around 0.30% + ¢10, Paysafe is a great option for selling high-ticket items and services.

Features and Benefits

• Free mobile card reader. Paysafe offers a free EMV mobile reader that is compatible with Android devices. It works with the Paysafe Mobile Pay app and can process chip and magnetic stripe cards. This combination enables you to accept payments anywhere.
• Affordable chargeback program. Paysafe’s Encytro program charges a flat fee of $29.95 per month per location, entitling you to receive up to $250 per covered chargeback. This program makes chargeback management more predictable and helps you mitigate financial setbacks from chargebacks.
• Subscription management and payment recovery. Paysafe integrates with Vindicia software, offering robust subscription management and payment recovery solutions. This solution enhances customer retention and revenue stability for subscription-based businesses.
• 250+ payment methods. Paysafe provides a vast range of payment options. These include popular international methods like Skrill and Alipay, as well as local methods like Boleto Bancario and MACH, catering to diverse customer preferences across global markets.

To learn more, check out our detailed Paysafe review.

5. Stax: Best for High-Volume Businesses That Need Same-Day Payouts

Stax has a membership-based zero-markup pricing model and the lowest per-transaction fees in the industry for only 0% + 10¢ (in-person). Its predictable pricing can save you up to 40% if you process $8,000+/month. And although the monthly fee starting at $99.00 isn’t cheap, Stax includes many features for established businesses with more complex needs and high processing volumes.

Stax takes 1-3 business days for credit card payouts and 4-5 business days for ACH transfers. If this isn’t fast, you can get next-day funding. Stax’s site states it’s an optional add-on, but a support agent assured me it’s included in all plans. You can also access instant loans from 100+ funders through Stax Capital. After applying online, you can get a credit decision in 15 minutes and funds in as little as 24 hours, provided you meet the minimum criteria.

You can speed up the payment collection process with Stax’s powerful invoicing tools, which are included in your monthly fee. Its subscription tool allows you to collect timely payments and maintain a stable cash flow. Stax’s Text2Pay feature allows your customers to pay you via text, a convenient method that will contribute to faster payment collection.

Features and Benefits

• Hardware of choice. When you sign up with Stax, you can choose between Pax, SwipeSimple, or Dejavoo terminal. Stax stands out as one of the few processors that provide multiple free models so you’re free to choose the one that best suits your needs.
• Free business management software. Stax’s proprietary software will power your business with analytics, reports, and many helpful tools.
• POS mobile app. Stax’s mobile app allows you to carry your business anywhere with you, both in terms of management and accepting payments. It can also transform any handheld device into a POS, allowing you to save on dedicated POS equipment and take payments remotely.
• Leading surcharging program. Through its subsidiary CardX, Stax gives you free access to an industry-leading surcharging program. CardX comes with 100% compliant hardware, software, and signage to pass on a 3.5% fee for credit card payments.

Read our detailed Stax review for more info.

6. Sekure Payment Experts: Best for Flexible Plans With Same-Day Funding

Sekure Payment Experts has three pricing models – Simplified Flat Rate, Interchange Plus, and The Edge program – suiting various business types. The flat rate model, with one flat fee of around 3.5% + 19¢ (in-person & online) regardless of the card type or payment method, particularly suits startups and small businesses ineligible for a merchant account that predictable processing bills each month.

If your business outgrows flat rates, you could switch to its Interchange Plus plan with no monthly fee and average transaction fees of 2.99% + 19¢ (in-person & online). Alternatively, Sekure can provide a custom plan tailored to your needs. Additionally, Sekure’s Edge program helps you save up to 100% on processing fees by passing 4% transaction costs to customers paying by card, available for a flat monthly fee of $39.95.

While Sekure leans towards higher transaction fees, its extensive partner network offers savings on industry-leading e-commerce and business integrations. Moreover, you receive funds the same or the next business day with no extra fee. You can access financial products, including fast cash business loans. If approved, you will receive up to $250,000 by the next business day and up to $1,500,000 in funding within 48 hours.

Features and Benefits

• Choose your free equipment. Sekure offers free hardware without the burden of monthly, annual, or PCI compliance fees.
• Breach forgiveness. Sekure’s PCI Plus program includes breach forgiveness of up to $100,000, offering significant financial protection for businesses classified as PCI Level-3 or PCI Level-4. This means you won’t pay for breaches up to this amount, a crucial safety net for small, budget-sensitive businesses.
• Free virtual terminal and a discounted gateway. Sekure provides a free virtual terminal, reducing upfront costs for businesses that process MOTO payments. It also offers the popular Authorize.net payment gateway at a significantly discounted rate and integrations with other payment gateways like Cybersource, NMI, and Payeezy.
• Variety of e-commerce solutions. A personal payment expert from Sekure will prepare a tailored e-commerce plan for your business. Sekure provides e-commerce solutions through its extensive partner network, including platforms like BigCommerce, WooCommerce, and Volusion. Its e-commerce offerings extend to shopping carts such as ZenCart and Ubercart, ensuring a seamless online shopping experience for your customers.

Read our in-depth Sekure Payment Experts review for more features.

Partner With the Best Instant Funding Credit Card Processing Company for Your Business

If you need fast access to funds through same-day payouts, next-day transfers, instant deposits, cash advances, or other business loans, partner with a credit card processor that offers these services at reasonable rates. My top recommendations give you fast access to money under the best terms.

If you’re processing lower volumes and want to benefit from cheap and predictable rates, Chase’s popular flat-rate plan with no monthly fee should definitely be on your radar. With a Chase bank account, you can even access your daily earnings on the same day.

If you need even faster access to your funds, consider Square’s affordable instant transfers. On its free plan, you get next-day transfers as standard, while same-day payouts are available for only 1.5% per transfer.

If your business needs additional funding beyond its current sales, LMS’s cash advances and business loans can help. Additionally, its no-frills pricing model ensures you’ll never waste money on features you don’t need.

Here’s a side-by-side comparison of the best instant funding credit card processors:

FAQ

How can I speed up my credit card processing?

Services like same-day payouts, next-day transfers, instant transfers, and cash advances can help you speed up your credit card processing and gain faster access to funds, ensuring consistent cash flow for your business.

What is same-day payment processing?

Same-day payment processing refers to the ability to receive funds from credit card transactions on the same day they are processed. You typically need to submit your batch earlier in the day, before a specific cutoff time. Square provides same-day payouts for a competitive price.

How long does it take a merchant to receive funds?

Typically, it takes 1-3 business days to deposit into the merchant’s bank account. Some credit card processors like Chase offer faster options such as same-day payouts or cash advances.

How long do same-day payments take?

Sometimes, processors release funds within a few hours. In other cases, you may have to wait until the end of the business day. If you need even faster access to your funds, Square’s instant transfers are an excellent option.