Hey guys, often see mca servicing pulling the same amount as Bitty Advance. Are they connected in any way?
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Hey guys, often see mca servicing pulling the same amount as Bitty Advance. Are they connected in any way?
MCA default collections usually used for Pearl.
Bitty is a micro funder so probably just coincidence they are pulling the same as their collections amounts are typically smaller daily remits.
I've recently had a deal where merchant had Bitty position and pmnts to them and MCA servicing alternated. Like for a week he is paying Bitty daily, then MCA servicing the same daily payment, then Bitty again and so on. And I haven't found any info about negative history of the merchant. If it's a coincidence, then it's really weird cause it's not the first time I notice it.
MCA servicing is bitty advanceQuote:
Originally Posted by syavask
Its Bitty but there is nothing wrong with the deal. If I were to guess, its Bitty way of hoping on not getting stacked. Who would stack a 4k Bitty deal is beyond me but still.
Seen multiple deals recently where Bitty daily just changed to MCA Servicing (same amount, no pause). No payment issues with the deals, I've spoken to some of the merchants and gone through the math etc. Believe Bitty just changes the name, probably to prevent a stack as happyman said (agree with the sentiment too - seems unnecessary but I'm passed trying to make sense of things that aren't very sensible).