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  1. #1
    Senior Member Reputation points: 117
    Join Date
    Apr 2017
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    127

    Advise on pulling an ACH payment

    I was looking for the best way to pull and one time ACH payment.

    I went to my bank but I would rather work with a website that is targeted towards ACH payments.

    After going on a few sites it seemed they were not really what I was looking for.

    Does anyone have a good site/service for pulling their ACH payments from their clients?

    We pull a 1 time fee after funding as a fee for our services.

    Thank you!

  2. #2
    Senior Member Reputation points: 3229
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    Jul 2017
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    105

    try actum or achworks
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  3. #3
    Senior Member Reputation points: 3229
    Join Date
    Jul 2017
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    105

    try actum or achworks

    but call your bank and get it enabled, it is much easier that way for your one time pulls
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  4. #4
    Senior Member Reputation points: 5023
    Join Date
    Apr 2015
    Location
    Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
    Posts
    554

    Look up Versa check and do it yourself...easy. You write checks on the customers account with no signatures needed. I do it daily. Cost for software about $70. Done.

  5. #5
    Senior Member Reputation points: 81655
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    Mar 2014
    Location
    Florida
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    Quote Originally Posted by John Galt View Post
    Look up Versa check and do it yourself...easy. You write checks on the customers account with no signatures needed. I do it daily. Cost for software about $70. Done.
    Which is a called a Check 21 and is a very high risk check. The better method would be for your client to do a "Customer Push" and send you funds via "Bill Pay" or even a wire.

    For those that are doing a Volume of Checks monthly, utilize our Genie Check 22 - which customer has to authorize or a P2P Payment . (Peer-2-Peer ) which is actually cash in the form of a check.
    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

  6. #6
    Senior Member Reputation points: 5023
    Join Date
    Apr 2015
    Location
    Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
    Posts
    554

    Doing Versa check for customers for over 10 years, never had a problem and never needed a signature. It used to have to be special paper stock with magnetic ink but that changed about 8 years ago. I still use the old version.

  7. #7
    Karen37a
    Guest
    Quote Originally Posted by John Galt View Post
    Doing Versa check for customers for over 10 years, never had a problem and never needed a signature. It used to have to be special paper stock with magnetic ink but that changed about 8 years ago. I still use the old version.
    I do it this way too( different software)..Someone once tried to charge me back for $495....cant be done this way, I was also alerted that they did it and were going to take an mca and run... I saved the deal
    Last edited by Karen37a; 10-05-2017 at 02:02 PM.

  8. #8
    Banned Reputation points: 179851
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    Jun 2017
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    There are CRMs with built in ACH ability, One Time, on a schedule, etc. Your a Funder out of the box basically

  9. #9
    Senior Member Reputation points: 81655
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    Mar 2014
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    Quote Originally Posted by John Galt View Post
    Doing Versa check for customers for over 10 years, never had a problem and never needed a signature. It used to have to be special paper stock with magnetic ink but that changed about 8 years ago. I still use the old version.
    Wells Fargo, TD Bank & Compass will not accept a Check 21 Document even though they are legal.
    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

  10. #10
    Senior Member Reputation points: 5036 DiamondBL's Avatar
    Join Date
    Oct 2015
    Location
    Beverly Hills, CA
    Posts
    203

    Going thru the approval process with ACH authorization is almost like obtaining a great MCA loan with no-prepay penalty at 18 months
    Jonathan Kohanoff
    B.R.E. #01962090

    Diamond Business Loans
    Beverly Hills, CA 90211
    jon@diamondbl.com
    www.DiamondBL.com

  11. #11
    Member Reputation points: 32
    Join Date
    Feb 2016
    Location
    New York City
    Posts
    52

    Hi Red,

    Go ACH works with Direct Funders and brokers. Please contact me at Perry@goach.com for an application.
    Thank you,

    Perry Chen


    D: 212.819.0499
    M: 917.754.8435
    E: perry@clearach.com
    W: www.clearach.com

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