I have asked these snakes to remove my number from their call list at least 3 times. They are very persistent and continue to phone at least twice a day. Jerks!
Call display comes up as: Blocked Call/Long Distance
This is Mercantile Advance Corp, they are snakes operating in Merchant Cash Advance industry. They are from Montreal Que, the most corrupt and unethical city in North America. Mercantile Advance Corp are a typical chip off the metaphorical unethical Quebec Block.
This number is their sales office trying to solicit business from unsecpecting victims. (clients)
Do not trust or deal with these lying thieves.
THIS IS A CUT AND PASTE FROM THEIR LinkedIn Listing:
Mercantile Advance Corp., offers funding called Merchant Cash Advances (MCA) to Restaurants and Retailers in Canada. This form of financing is emerging as one of the few effective working capital financing options for small business owners. Unlike traditional loans, Merchant Cash Advances have no fixed payments, timeframe or interest rates. It is the purchase of future debit and credit card sales at a discount and it is repaid directly through a small percentage of a retailer or restaurant’s daily sales transactions.
Basically loan sharking with outrageously incredibly high rates of return.
Over the last few months I have taken numerous calls from this number. I have gotten into the habit of no longer answering, or responding to toll free numbers and let them go straight to voice mail. I cannot recall a time in where this number has left a voice mail, not even a hang up on my voice mail in box.
Since the economic downturn of the fall of 2008, I have steadily noticed an increase in telemarketing 'to good to be true" calls. I chalk up the vast majority of them to being some sort of a deceptive scam, sham or racket.
Now these calls certainly existed well before any recession set in, I have just personally noticed a heighten increase in the calls made to my place of business in the last 30-36 months.
The increase in calls could all just be some sort of bizarre coincidence
They called my work yesterday and I asked them to take my number off their list and then called again today, except someone else answered the call or I would have gone nuts on them. Like the previous person, there have been many of these calls lately and I don't understand why. Is there a free market all of a sudden on merchant visa companies? It's getting very annoying.
I have asked these snakes to remove my number from their call list at least 3 times. They are very persistent and continue to phone at least twice a day. Jerks!
I had a most unpleasant experience from having actually worked with this small, small company. Let me just say, they are a poorly managed, poorly structured company that will not survive in the MCA (merchant cash advance) industry, let alone the finance business. The merchant cash advance industry in general is a ridiculous notion. Sure retailers with huge mark ups can benefit from capital at 30% - 35% return, but the general population cannot. They operate in a call centre fashion similar to all Montreal call centers and solicit businesses unmercifully. I am sure their call management software is garbage, and even if they place a number on a dont call list it probably recycles it anyway. Oh and if you only process 10,000 a month then you will get charged 35% or more. You are considered a higher risk, yet they deem their financing as financing for high risk companies which they claim not to consider risky in the traditional sense that the bank would.
They classify themselves as the alternate source of financing and explain their program to you in such a way that you believe them taking 10-20% of your daily debit and credit receipts is no big deal, but it is. You will never obtain financing from one of these companies for anywhere less than 30% and it will be as high as 50% return. This financing should be illegal seeing as how a good enough salesmen can convince anyone on the phone that this is a good choice for them, comitting them to giving a signifcant portion of their future sales back to this company for a minimum of 6 months. Good luck if you're a mostly debit or credit card accepting company as you will be seeing only a portion of your future sales in your bank account. Oh and if you're not doiing enough volume at your business, you can be sure that you will not be given the same treatment as larger volume companies, which you could say is to be expected. But truth be told, these small volume (small businesses) are intended to be the target for MCAs yet they get charged higher rates, and receive worse service.
I referred an acquaintance of mine for information, and he was practically yelled at and told not to waste their time because he processes less than 10,000 a month in debit and credit. I understand not to waste time with unfruitful business, but this acquaintance of mine was essentialy hung up on.