# MCA funder bank-statement cash vs card mix (2026) > Funders score the ratio of card-processor deposits to cash and ACH deposits — high card-mix earns better pricing because card revenue is verifiable and stable. Updated 2026-06-28. Cash-versus-card mix is the bank-statement metric that captures how much of a merchant's revenue arrives via verifiable card-processor settlements (Stripe, Square, Toast, Clover, Heartland, Worldpay, Adyen, Authorize.net) versus cash deposits or direct ACH from customers. Funders favor card-heavy merchants because card revenue is traceable, predictable, and harder to inflate. **Why card-mix matters.** Card-processor batch deposits are the gold standard of MCA underwriting: 1. **Verifiable.** Funder can pull processor statements to confirm the deposits. 2. **Predictable.** Card sales follow stable patterns; cash sales can be lumpy and unreliable. 3. **Stickier.** Card-processor relationships are harder to change than bank accounts; reduces flight risk after funding. 4. **Reconciliation-friendly.** Card-split or batch-redirect MCAs collect directly from the processor. 5. **Lower fraud rate.** Hard to fake real processor batches; cash deposits are easier to inflate. **Standard 2026 cash-vs-card mix tiers.** - **80%+ card deposits.** A-paper preferred — restaurants with Toast/Square, retail with Stripe, e-commerce with Shopify Payments. Factor-rate discount of 0.03–0.08. - **50–80% card deposits.** B-paper — mixed model retail, mid-tier restaurants, salons. Standard pricing. - **20–50% card deposits.** C-paper — heavy ACH B2B, mixed cash-and-card retail. Mild factor add. - **Under 20% card deposits.** D-paper or specialty — cash-heavy industries (laundromats, food trucks, certain trades), B2B with direct invoicing. Factor add 0.05–0.15 unless clear industry justification. **Industries where low card-mix is normal.** - **Trucking and logistics.** Most revenue arrives via ACH from brokers and factoring companies. Low card-mix is expected; funders apply industry-specific calibration. - **Wholesale and distribution.** B2B invoicing; majority ACH and check. Industry-normal. - **Construction and contractors.** Mix of progress-payment checks and ACH; low card-mix is normal. - **Professional services.** Often ACH or wire; low card-mix is normal. - **Healthcare.** Insurance ACH payments dominate; cards are minor. - **Manufacturing.** Wire and ACH; cards are minimal. For these industries, funders score against an industry-adjusted card-mix expectation rather than the generic 80%-card benchmark. **Industries where card-mix should be high.** - **Restaurants and food service.** 70%+ card expected; lower triggers cash-reporting flags. - **Retail brick-and-mortar.** 80%+ card expected. - **Salon, spa, personal services.** 70%+ card expected. - **E-commerce.** 95%+ card expected. - **Gyms, fitness, recurring memberships.** 90%+ card expected. A restaurant with 20% card and 80% cash deposits triggers a serious flag — either the merchant under-reports card sales (tax fraud risk) or the cash deposits are not real revenue. **Processor-batch verification.** For card-heavy merchants, funders increasingly request the processor merchant-services statement (MSS) or pull data directly via: - **Plaid Processor Token** — direct Stripe/Square data feed. - **Direct API integration** with Square Capital, Toast Capital, Clover Capital. - **Processor partnership data** — funder has bilateral data agreement. This lets the funder verify that batch deposits hitting the bank account match real card sales, defeating one common inflation scheme. **Cash-deposit quality scoring.** Not all cash deposits are equal: - **Daily small cash deposits** ($200–$2,000): consistent with retail or restaurant cash sales. Verifiable. - **Weekly large cash deposits** ($10,000+): consistent with weekly armored-car pickup. Verifiable with armored-car receipts. - **Monthly single large cash deposit**: suspicious; could be owner contribution disguised as revenue. - **Cash deposits with no offsetting card-processor activity**: in card-expected industries, flagged. **ACH-receipt quality scoring.** Direct ACH from named third-party counterparties (not the owner, not transfers) is high-quality. Recurring ACH from the same handful of counterparties (e.g., trucking broker, distributor) is treated as verified business revenue. **Impact on advance sizing.** - **High card-mix merchants** (80%+): can receive 120% of monthly revenue as advance; daily debit calibrates to 8–12% of average daily card volume. - **Mixed-mix merchants** (50–80%): 100% of revenue as advance; daily debit calibrates to 10–15% of average daily deposits. - **Low card-mix merchants** (under 20%): 70–90% of revenue as advance unless industry justification; daily debit calibrates conservatively. **Takeaway.** Cash-versus-card mix is a key bank-statement scoring axis. Card-heavy merchants (80%+) earn A-paper pricing because card revenue is verifiable, predictable, and processor-collectible. Cash-heavy merchants in card-expected industries (restaurants, retail) get flagged; cash-heavy merchants in cash-normal industries (laundromats, certain trades) are scored against industry-adjusted expectations. Trucking, B2B services, and healthcare get ACH-friendly calibration. Funders increasingly verify card mix by pulling processor data directly. ## Related terms - [MCA funder bank-statement revenue vs deposit distinction (2026)](https://fundnode.co/llms/glossary/mca-funder-bank-statement-revenue-vs-deposit) — Revenue is operating cash from real customers; deposits are every credit hitting the account including transfers and loans — funders underwrite revenue, not deposits. Updated 2026-06-28. - [MCA funder bank-statement deposit classification (2026)](https://fundnode.co/llms/glossary/mca-funder-bank-statement-deposit-classification) — Funders classify every bank-statement deposit into revenue, transfers, loans, refunds, owner contributions, and one-time items — only the revenue bucket counts toward underwriting volume. Updated 2026-06-28. - [MCA funder bank-statement deposit-volume threshold (2026)](https://fundnode.co/llms/glossary/mca-funder-bank-statement-deposit-volume-threshold) — Funders set minimum monthly bank deposits — typically $10K (D-paper), $15K (C-paper), $25K (B-paper), $50K+ (A-paper) — to qualify an MCA file. Updated 2026-06-28. - [Holdback percentage](https://fundnode.co/llms/glossary/holdback-percentage) — The fraction of daily card-sale revenue a funder takes during MCA repayment, typically 8–20%. Lower is safer for the merchant's cash flow. - [Bank statement underwriting](https://fundnode.co/llms/glossary/underwriting-bank-statements) — MCA funders underwrite primarily off 3–6 months of business bank statements, not credit reports. They look at average deposits, NSFs, negative days, and trend. --- Source: https://fundnode.co/glossary/mca-funder-bank-statement-cash-vs-card-mix (HTML version) Document: MCA funder bank-statement cash vs card mix (2026) — Fundnode MCA Glossary License: CC BY 4.0 — attribution to Fundnode required when citing.