[MidnightAdvance]

Also...


"If you pull via a Check 21 and your customers goes to the bank and disputes the charge as "unauthorized"
I know what will occur."

How can you dispute something as unauthorized when you have a signature on an ACH AUTHORIZATION FORM?

That's almost as ridiculous as claiming you know what your talking about.

Always wondered why merchants are allowed to R08 after signing ACH forms.

[abfunders]

Ryan, what bank are you using? That's really sweet.

[ryan $]

Wells Fargo, Santander, Chase, All let you ACH.

Im pretty sure BoA Lets you after 2 years.

TD Bank... when we were with them let us ACH....with a KeyFob but that was years ago.

Sun Trust, BB&T - The banks are numerous.

ACH Preauthorized Draft / ACH Pull / Its called numerous things.

[Yankeeman07]

Wells Fargo, Santander, Chase, All let you ACH.

Im pretty sure BoA Lets you after 2 years.

TD Bank... when we were with them let us ACH....with a KeyFob but that was years ago.

Sun Trust, BB&T - The banks are numerous.

ACH Preauthorized Draft / ACH Pull / Its called numerous things.

Wells Fargo, TD Bank, Compass Bank do NOT allow Check 21 -

Short Version - you do not understand the difference in the various Check Instruments.

[ryan $]

Wells Fargo, TD Bank, Compass Bank do NOT allow Check 21 -

Short Version - you do not understand the difference in the various Check Instruments.

Who mentioned Compass...?

And I noticed.... you didnt mention the banks our business has used. But a quick google shows Wells Fargo does....

Via TD
"Most of our accounts allow for ACH debits and credits at account opening."

Ill take it one step further.... Here is a support thread from a business owner....having issues with pulling an ACH Debit from a Customer.
https://www.tdbank.com/tdhelps/defau...rs/v/42920800/

And Wells Fargo..... Re Check 21
http://www.businesswire.com/news/hom...Services-Break
AND THATS IN 2005

Bro.... STFU

Check 21 and ACH are different ways of doing the same thing.
Sometimes one time, sometimes recurring.

We ACH Our Customers. Sometimes check 21. Its just an Electronic Check, Electronic Debit w/form. Your stuck on terms and what you supposedly know. I KNOW WE ACH CUSTOMERS VIA OUR BANK, and HAVE DONE SO FOR YEARS....WITH # DIFFERENT BANKS.

I dunno if your retarded.....or these are like Sage Selling Points your regurgitating.

Your arguing mute points.... and nitpicking minimal things when i have rebutted you into the ground. Your grasping at straws.

Its sad.

[ryan $]

Its also Funny to add.... Multiple People Repped what im saying, and even commented on what an idiot you are.

[ryan $]

The Foundation of my argument, your re selling a 3rd party Platform for getting accomplished what your business bank can do instead.

Case and Point.

[Yankeeman07]

The Foundation of my argument, your re selling a 3rd party Platform for getting accomplished what your business bank can do instead.

Case and Point.

I have an answer for individuals like yourself - I cannot fix stupid !!- You answers prove how ignorant you are of the Check Processing World.

[ryan $]

I have an answer for individuals like yourself - I cannot fix stupid !!- You answers prove how ignorant you are of the Check Processing World.

Bro...

I have gotten Numerous Comment Reps....

Even some from people close to you that say they can't stand you....and I am saying everything they wish they could.

Not to mention several other people that see you are just asinine.

[RickyR3712]

I have an answer for individuals like yourself - I cannot fix stupid !!- You answers prove how ignorant you are of the Check Processing World.

Great advice, take it to heart.

[WestCoastFunding]

I have an answer for individuals like yourself - I cannot fix stupid !!- You answers prove how ignorant you are of the Check Processing World.

Dave, this belongs in the argument section.

[Michael I]

Dave, this belongs in the argument section.

hahaha i just fell on the floor

[Karen37a]

I have a few banks mentioned and they let me deposit psf fees

The Bank manager was in his office with me once( when I first started and saw big wires hit etc ) and said, sarcastically " oh you are in cash advance that seems like the trend, everyone is doing it now, how can you charge people so much, I guess that's why I work for a bank"Happy hor****s eyes bugged out and said "Oh God wrong person to say that to " then whispered to me "shut up if you want this new account opened"

I tried to smile and stay silent but I replied " yes a lot of people enter the cash advance industry and Financial Services for that matter only 5 % make it, and when they do not make it, they go to work at the bank"

Happy hor**** turned red

____

The problem with psf fees is that some brokers cant sell them so they try to sneak them in or they are leaving the industry and charge them without disclosing ...like that fake coj guy. ( also some who are not good in sales or offer no value cant sell them either)

Just like cojs are not the problem ( it was the individual broker scamming the coj) PSF fees are not the problem ( its the individual broker scamming the psf)

And I charge psf fees and have a low default ratio

[ryan $]

" I charge psf and get an authorization form from my bank as welll"

"You're saying things I can't - I get annoyed with Dave"

"what an idiot"

Here are the top 3

[Karen37a]

All Ach are regulated thru nacha

Compliance starts with good forms

Ach credit forms, ach debit forms, ach employee direct deposits, and vendor Eft

( you must keep these forms on file for 2 years ) *** they might have just changed the rules

Then you have "check draft" software. I paid $100 for one one 3 years ago. One time payment and you use certain checks to make it compliant to bank standards.

once you move to outside activities that are "restricted industries" it makes more sense to go one way or the other. ( credit restoration)

And its never smart to reinvent the wheel ...you can use other peoples systems if you are not an expert at it or for ease of operation and compliance reasons

[Karen37a]

If you are going to charge a PSF fee ...Make a separate Psf form that explains the charges.

mine they have to initial it 7 different places then initial the total amount, then sign then sign to acknowledge they are acknowledging it....

The last acknowledge is a joke.

THEN when my brokers send off the contract the PSF has to be on the face of the contract...no hiding it.

THEN I do mini merchant calls to make sure they understand.
(I have them locked up 5 ways to Sunday, hence the no chargeback ever)

Some people who charge psf fees are ethical...tired of that damn piker argument

[RickyR3712]

If you are going to charge a PSF fee ...Make a separate Psf form that explains the charges.

mine they have to initial it 7 different places then initial the total amount, then sign then sign to acknowledge they are acknowledging it....

The last acknowledge is a joke.

THEN when my brokers send off the contract the PSF has to be on the face of the contract...no hiding it.

THEN I do mini merchant calls to make sure they understand.
(I have them locked up 5 ways to Sunday, hence the no chargeback ever)

Some people who charge psf fees are ethical...tired of that damn piker argument

I only have one signature and never had a charge back .Like you said you just need to make sure they know about it.

[Karen37a]

And only one PSF Fee.

If the Funder charges one you cant. You are sh*t out of luck

And certain Funders will not allow you to charge it. Either stick to their compliance guidelines or find another funder.

[ryan $]

And only one PSF Fee.

If the Funder charges one you cant. You are sh*t out of luck

And certain Funders will not allow you to charge it. Either stick to their compliance guidelines or find another funder.

Thats not true at all.

If the Lender Charges one....You absolutely can. Or you can just upsell theirs with many lenders and get the difference.

[Karen37a]

Thats not true at all.

If the Lender Charges one....You absolutely can. Or you can just upsell theirs with many lenders and get the difference.

Some will not allow you to do it. You will be terminated as an iso if you do. Also I will never point out which ones won't let you, which one you can upsell, which one tag onto the top, or the bottom or will split it it you

( I am not really teaching these people so they stay in business and annoy me by telling me how much they know more than me all the time)

And I've already given away more info than I like. Everyone on here is my competition

[ryan $]

Some will not allow you to do it. You will be terminated as an iso if you do. Also I will never point out which ones won't let you, which one you can upsell, which one tag onto the top, or the bottom or will split it it you

( I am not really teaching these people so they stay in business and annoy me by telling me how much they know more than me all the time)

And I've already given away more info than I like. Everyone on here is my competition

I said if they charge one....you can.

Wasn't disputing the ones who don't allow it.

And the ones who don't allow it.... there are competing companies who do... so they don't get y business. It especially annoys me the ones where you "just have to disclose"

[Karen37a]

I said if they charge one....you can.

Wasn't disputing the ones who don't allow it.

ah...I kinda meant they charge a big whopping 5-10 points psf ..no room


cant = shouldn't at that point

[Karen37a]

I hate discussing these things on this forum...I can just act stupid and giggle, makes me more popular.


I just had a few renewals that were at 8 plus 2 and I was complaining about the 2 point loss until I smacked myself for being greedy...another one I did for 7 plus 1

We can make a lot of money, it isn't that hard people are complicating things

[Karen37a]

Last comment on this post.


I was very very serious when I said ( starting 2-3 years ago) That any Iso who charges 2-3 points needs to check themselves into the mental institution in advance because they do not know the risk associated and the drama that's coming.

If you work for someone fine....less risk, go home

If you are a top Iso you need to make money to cover everything and then some ( and no one is doing this for free or taking the chance that ONE Deal...drags you into an abyss of lawsuits etc. Or no one with real Financial Experience would do it.)

We are not the bank( with liens and secured interests ). Its the Shark Tank...tell me why I should give you my money( or their money before some smart arse person says Karen you lending money now?) or my time.

How much money do you make per month and what do you want to do with the money going forward?

NOT

whats your rate ...i can beat that rate by a few points and BTW we are a DIRECT lender!!

Pikers sell on rate. Hard to watch some of the supposed big guys cluck about saying they have low rates..its like I am being punished for something I never did and waking back up in a training room.