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In the press release about Rapid Finance’s new Rapid Access Mastercard program, which Rapid partnered up with Galileo to bring to SMBs, it mentioned it is a 'prepaid commercial card program'.

It goes on to say, "The Rapid Access Mastercard is a prepaid commercial card program that allows Rapid Finance’s small and medium-sized business (SMB) customers with a line of credit (LOC) in good standing to seamlessly and instantly access their funds, according to the release."

Seems like it's essentially a credit card if a merchant can use it for any purpose at any time, including at retailers.

But when is the merchant prepaying?

Any thoughts on this?

www.pymnts.com

Rapid Finance has teamed up with Galileo Financial Technologies on a small business financing solution, Rapid Access Mastercard.