Merchant with NSF''s but process transactions
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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 99426
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    I can help. PM me.

  3. #3
    Senior Member Reputation points: 158630
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    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.

  4. #4
    Nsfs definitely mean a lot.
    .......a lot if denials are for nsfs.....

  5. #5
    Senior Member Reputation points: 49940
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    Merchant with NSF''s but process transactions

    Mantis will pay double digit commissions and they don't care about excessive NSF's.

  6. #6
    Senior Member Reputation points: 203690
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    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.

  7. #7
    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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