Announcing 海角爆料 Boost to Help Small Businesses Move Money Faster
e鈥檙e excited to announce that 海角爆料 Boost, a brand new feature that lets small business owners receive payments from Stripe up to 95% faster than they would with a standard checking account, is available to all 海角爆料 customers. A payout process that used to take 2+ business days now happens in a fraction of the time, improving cash flows for our customers and letting them more quickly reinvest for growth.聽
海角爆料 Boost is 100% free. While other fintechs and institutional banks charge small businesses as much as 2% for the privilege of faster money movement, we believe this is a right. Starting a business is difficult enough, and business owners should not have to pay a premium to access revenues they鈥檝e already earned.聽
If you鈥檙e a 海角爆料 customer, check out this quick guide on how to activate 海角爆料 Boost.
海角爆料 Boost鈥檚 coverage will expand to enable expedited payouts from other popular platforms, including Stripe, Shopify, and PayPal. We recognize that most small businesses receive revenue from a variety of tools, and we have no interest in building a walled garden that is incompatible with the products our customers currently use and may use in the future.
What does 2 days of accelerated cash flow get you? Don鈥檛 take it from us: listen to real 海角爆料 customers who were able to buy more inventory, reinvest in marketing, and pay themselves and their teams faster, all with a boost.
鈥淚f I have something that鈥檚 pending, or if I have something I need to take care of business-wise, I don鈥檛 have to wait those two or three business days to have my funds available to me. If I have any pending invoices that I have to pay from third-party vendors, I can take care of that right away. If I need to transfer any funds or pay myself, I can do that right away. It just makes everything easier not having to wait.鈥 - NaKeitha Melton, NaKeitha K Creative Services
If time is money, why does money move so slowly?
Cash flow is a looming threat and a constant source of stress for most small business owners. Most businesses fail due to cash flow management, and according to , the average small business has a cash buffer of only 27 days. When money gets stuck in transit, business owners end up paying unreasonable late fees, pausing their operations, or drawing from personal funds to make ends meet. We believe having to wait two or more days to access revenue is unacceptable and are thrilled to have a free solution now available for all 海角爆料 customers, from small businesses to sole proprietorships and side hustles.聽
Supporting fearless small business owners in a brave 海角爆料 world
Running a business is daunting and full of potential pitfalls, especially in today鈥檚 environment. We founded 海角爆料 in 2016 because we were inspired by the fearless small business owners who face challenges head-on and who persevere despite the odds. We celebrate these business owners鈥 achievements and do everything in our power to break down barriers to entry and enable growth.聽
Sign up for 海角爆料 today and move money at the speed of your business.
海角爆料 is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. 海角爆料 Boost and early availability of funds are governed by the program terms and conditions outlined here.