American General Financial Services

Merchant Solutions

Focusing on your merchant needs, providing you with first-rate service.

FAQs

  • Are there any states where you do not offer financing solutions? American General Financial Services and/or AIG Federal Savings Bank offer financing solutions in Puerto Rico, the U.S. Virgin Islands and all states except Vermont and Alaska.
  • What are my options for application submission and processing? Applications can be submitted and processed via the Internet, phone, fax, VeriFone Terminal, GERS Credit Connect or STORIS.
  • Can my customers apply online for financing? Yes. Your customers may apply from the convenience of their homes by using our Internet Application Processing System (IAPS), which you can make available to them by placing a link on your website.
  • Is there a minimum or maximum sales volume? There is no minimum or maximum sales volume required. However, your level of sales volume will help determine what financing program is best for your business.
  • Do you offer a variety of special promotions to meet the needs of my customers? AGFS offers a wide array of promotional terms, including same-as-cash with minimum payments, same-as-cash with deferred payments, deferred finance charges with equal payments and reduced annual percentage rates.
  • I currently finance in-house. Can you purchase my account receivables? Yes. We have a department that specializes in the purchasing of account receivables of all sizes.
  • Do you provide marketing solutions to help increase business? Yes. We provide a variety of marketing solutions to help you increase sales and we can customize any of our marketing plans to meet your needs.
  • What options are available for funding contracts? Contracts can be funded at a local AGFS branch or electronically via our Internet-based system, with a VeriFone terminal or through a direct interface.
  • Are there any monthly or annual fees involved? No monthly or annual fees are charged to our dealers.
  • How long does it take to get setup as a dealer with AGFS? On average, it takes approximately 10 business days to complete the application process.
  • Is there any recourse after you purchase the contract? Our operating agreements are created without recourse.
  • How and where do my customers make their payments? Your customers can make their payments online, by mail or at one of our convenient AGFS branch locations.