MONTREAL - TelAve -- A new merchant financing service to support business growth

DRS Payments announces the launch of a merchant financing service offered in collaboration with Nuvei, providing Canadian businesses with fast access to capital to support operations and accelerate growth. This strategic initiative addresses current economic challenges, including rising operating costs and increasing pressure on cash flow.

Through this offer integrated into payment solutions from DRS Payments, merchants can access financing of up to $5 million per location, subject to eligibility. The streamlined process enables rapid eligibility verification and efficient approval, with funds available in less than a week following acceptance.

Flexible financing tailored to business realities

The financing service offered through DRS Payments stands out for its flexibility. Eligible businesses, operating for at least one year and depositing a minimum of $15,000 in monthly revenue into their business bank account, can repay the financing either through fixed payments or a percentage of future credit card sales.

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This repayment structure, directly tied to electronic transaction revenue, allows merchants to align payments with actual business performance. Integrated with existing payment solutions, this model supports smoother cash flow management while reducing the administrative burden often associated with traditional bank loans.

An integrated offer within DRS Payments' technology ecosystem

By combining financing with payment solutions, DRS Payments strengthens its position as a strategic partner for businesses. Merchants benefit not only from advanced tools to accept in-store, mobile, and online payments, but also from simplified access to capital to support expansion projects, equipment purchases, or inventory management.

This integrated approach allows businesses to centralize financial services with a single provider, improving operational efficiency and visibility over cash flow. Payment solutions from DRS Payments become a direct growth driver, transforming daily sales into financing opportunities.

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About DRS Payments

DRS Payments stands out as a leading provider in the field of payment solutions, delivering a broad range of services designed to meet the needs of businesses of all sizes. Driven by innovation and a strong commitment to client satisfaction, the company continues to redefine industry standards.

For more information about this financing service or other payment solutions offered by DRS Payments, visit https://drspayments.ca
or contact the sales team at 1-833-371-9720.