Prequalified offer for merchant
A prequalified offer represents an indicative funding amount that can be used to attract and engage merchants. This offer is based on preliminary data such as sales, bank statements, and business owner information. Partners can present these teaser offers within their application to give merchants a sense of potential funding, with the final offer details confirmed through further processing.
A prequalified offer is an indicative funding amount that can be used to market to a merchant. These teaser offers can be presented by surface within your native application environment.
Prequalified offers can be calculated by retrieving data on sales, payments, and payouts (collectively known as "payment data") for a merchant. Netevia will return a result for each merchant indicating whether that merchant is eligible for a cash advance or not, and if so, for how much. This can be done via API: https://api.banking.netevia.dev/api/loans/loanSettings
Note, for a merchant to be prequalified, a minimum of three months' data must be provided. It is recommended that partners share at least six months of data to generate more accurate offers.
Best practice: display only the funding amount
The prequalified funding amount is generally very close to the final offer. The fee and the repayment percentage ("sweep") are more likely to differ.
At the prequalification stage, we recommend using only the highest funding amount from the prequalified offers as an enticement, without providing the detailed fee and repayment percentage.
Updated 26 days ago