Moral Hazard in the MCA world.

Of course the merchant is going to stack. They're at wit's end and need money. They need to be taught how to manage their business without supplemental cashflow so they don't repeatedly get into these revolving-door advances.

Anyone who sells this product as a way to keep a business afloat is ultimately doing the opposite to that business. I have a number of merchants who would stack if I called them tomorrow. I experimented with stacking once, won't do it again.

This product was intended to be an alternative to traditional loans for people to grow their business, not kill it.