cc split 1st position bank has NSFs
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  1. #1
    Senior Member Reputation points: 27404
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    cc split 1st position bank has NSFs

    I have three deals that need a cc split. All have great cashflow but NSFs upwards to 7 plus eacoper month. Each doing 39-69k in cc and seeking lockbox solution without concern on bank NSFs

    Thnx Davinci

    Broker input ok but,
    Brokers need not request to see file.
    Thank you for your input.
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  2. #2
    Senior Member Reputation points: 226388
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    Sterling Funding is working a deal for me right now. They're doing their hardest to make it work. They're solution-minded, not problem-minded. Oh, and according to their ISO agreement, the only do CC splits, not ACH. I sent this file to a few places that claimed that they do CC splits, but they rejected it.

    MFS Global will also do CC, sometimes will have hybrid ACH/CC.

    Jason Sterling is right here on DF.

  3. #3
    Senior Member Reputation points: 503040
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    Quote Originally Posted by abfunders View Post
    Sterling Funding is working a deal for me right now. They're doing their hardest to make it work. They're solution-minded, not problem-minded. Oh, and according to their ISO agreement, the only do CC splits, not ACH. I sent this file to a few places that claimed that they do CC splits, but they rejected it.

    MFS Global will also do CC, sometimes will have hybrid ACH/CC.

    Jason Sterling is right here on DF.
    I've seen Sterling make offers that were amazing.

  4. #4
    Senior Member Reputation points: 84403
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    Quote Originally Posted by Davincinc View Post
    I have three deals that need a cc split. All have great cashflow but NSFs upwards to 7 plus eacoper month. Each doing 39-69k in cc and seeking lockbox solution without concern on bank NSFs

    Thnx Davinci

    Broker input ok but,
    Brokers need not request to see file.
    Thank you for your input.
    We do credit card splits with a Lock Box.
    Yes, I represent a Direct Funder - they have zero internal sales force.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    Member Reputation points: 10
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    1306 Carroll St New York
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    Would you mind brokering you this deal?
    I think this is up my alley.

    Bryan Danocup
    Realtalk funding
    1306 carroll street NY
    Danocupbryan30@gmail.com
    Bryan@pccapitalllc.com

  6. #6
    Member Reputation points: 10
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    Feb 2016
    Location
    Miami fl
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    Quote Originally Posted by Davincinc View Post
    I have three deals that need a cc split. All have great cashflow but NSFs upwards to 7 plus eacoper month. Each doing 39-69k in cc and seeking lockbox solution without concern on bank NSFs

    Thnx Davinci

    Broker input ok but,
    Brokers need not request to see file.
    Thank you for your input.
    i would agree with Micah Markowitz i have gotten cc deals done with sterling that nobody not even yellow or mantis would put offers on
    and Jason is 1 of the best reps there . offers are 2-3 x mthly cc sales . sell rates are low with 12 points built in only thing is they must be first and only position . search the forum jason is up here alot if not shoot me a dm ill pass you over his info

    Ariel Perez
    http://www.amgfinances.com
    Phone :786-565-2304
    Fax: 855-291-0907

  7. #7
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    I think what steven @ davincinc is looking for someone to look at this deal based on the merchant statements only and disregard the banks.....
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  8. #8
    Senior Member Reputation points: 8447
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    Sorry I haven't been on here in a few days. Davinci I sent you an email. Thanks for the kind words Ariel, Micah & WestCoast. Our CC Split product is working very well for our merchants. Keep in mind we are also a processor so there is usually a savings to be had on the processing rates . ISO's receive lifetime residuals for the card processing when converted to Sterling Payment. We have in house support to help you get the merchants converted as painless as possible.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

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