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05-19-2017, 09:45 PM #1
- Join Date
- May 2017
- Posts
- 13
Merchant with NSF''s but process transactions
I've been coming across merchant's with NSF''s yet they process over 15K in Credit card transactions a month with there restaurant. So all together they take in about 20K a month. Yet they still get declined? Can anyone recommend a lendor? The credit is not great. Looking to make a min of 10 points and the same with the renewals.
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05-19-2017, 11:02 PM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
I can help. PM me.
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05-19-2017, 11:16 PM #3
- Join Date
- Jul 2015
- Posts
- 1,202
That's a hot deal. There ought to be a bidding war. I'd demand 12 pts and 3pt PSF. Don't settle for anything less. NSFs don't mean sh*t.
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05-20-2017, 03:11 AM #4
Nsfs definitely mean a lot.
.......a lot if denials are for nsfs.....
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05-20-2017, 04:35 PM #5
- Join Date
- Aug 2014
- Posts
- 620
Merchant with NSF''s but process transactions
Mantis will pay double digit commissions and they don't care about excessive NSF's.
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05-22-2017, 08:56 AM #6
- Join Date
- Jan 2014
- Posts
- 1,370
they still get declined because nsf's mean there is already a cash flow strain. Add a daily payment and or less money being deposited from their credit card sales there will be even more nsf's. merchant will never get out of the red. But I'm no underwriter, just my two cents.
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05-22-2017, 04:00 PM #7
- Join Date
- Aug 2014
- Posts
- 3
if not too late contact me:
Alex D. Chasin
Senior Funding Specialist
Yellowstone Capital LLC
Ph: (646) 503-3875
Fax: (347)-246-4333
achasin@yellowstonecapllc.com
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