[helpinghand]

Hi all,

We've seen some demand from brokers for ACH processing of Success Fees / Professional Service Fees.
We can pull the ACH the same day your deal closes, and wire you the next day or the day after (depending on when funds settle in our account). If you'd like to speed up your ACH processing or need a vendor to do it for you, please email me at segwayfinancial@gmail.com.

We charge 10-12% of the SF/PSF value only.

Thanks all

Hanna

[Yankeeman07]

Hi all,

We've seen some demand from brokers for ACH processing of Success Fees / Professional Service Fees.
We can pull the ACH the same day your deal closes, and wire you the next day or the day after (depending on when funds settle in our account). If you'd like to speed up your ACH processing or need a vendor to do it for you, please email me at segwayfinancial@gmail.com.

We charge 10-12% of the SF/PSF value only.

Thanks all

Hanna

What you are describing is NOT ACH - An ACH transaction is a customer push transaction, not a merchant pull.



ACH payments are electronic payments that are created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment.

[ryan $]

What you are describing is NOT ACH - An ACH transaction is a customer push transaction, not a merchant pull.



ACH payments are electronic payments that are created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment.

As such the Merchant is DOING when they sign the ACH Form.

You really are with this crap AGAIN?

Theres ACH Credits and ACH Debits - THATS IT.
Your Quote "ACH payments are electronic payments that are created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment." Describes exactly what happens when an ACH Form is Signed. The customer is authorizing.

[ABC2016]

As such the Merchant is DOING when they sign the ACH Form.

You really are with this crap AGAIN?

Theres ACH Credits and ACH Debits - THATS IT.
Your Quote "ACH payments are electronic payments that are created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment." Describes exactly what happens when an ACH Form is Signed. The customer is authorizing.

lol

[Yankeeman07]

As such the Merchant is DOING when they sign the ACH Form.

You really are with this crap AGAIN?

Theres ACH Credits and ACH Debits - THATS IT.
Your Quote "ACH payments are electronic payments that are created when the customer gives an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment." Describes exactly what happens when an ACH Form is Signed. The customer is authorizing.

Your ignorance is showing again.

The instrument that actual debits the merchants account is either a Check 21 or Check 22.
Check 21 is riskier, plus there are several banks will not accept a Check 21 Instrument.

[MCNetwork]

The instrument that actual debits the merchants account is either a Check 21 or Check 22.
Check 21 is riskier, plus there are several banks will not accept a Check 21 Instrument.

Fake news. ACH processes both debits and credits. Checks are not required. This is an electronic transaction.

[Yankeeman07]

Fake news. ACH processes both debits and credits. Checks are not required. This is an electronic transaction.

If you read the original post, they are using a Check Instrument (Check 21) to obtain fees from the merchant,
based upon my conversation with Hanna from Segway. If I understand their procedure correctly.

Hanna can correct me if I'm incorrect.

For brokers that are charging PSF's, they want funds asap. In those situations, they are using a Check 21 or Check 22 -

[helpinghand]

Hi guys, we do Automated Clearing House transactions (push and pull) to and from business or personal accounts.

[Sachip24]

personal accounts? that could get ugly

[Don Dolla]

Mr CPA advocating extracting exorbitant ACH after funding FEES... wow get the FOH

[ryan $]

It could be a Check 911 For all I care.

Check 23048757739000000122222.

Im just saying regarding your quote - Customers signing an ACH Authorization Form.... is doing just that.

You Said "ACH Payments ARE....."

Then described the exact scenario we use..... having customers authorize ach debits from their accounts

[Yankeeman07]

It could be a Check 911 For all I care.

Check 23048757739000000122222.

Im just saying regarding your quote - Customers signing an ACH Authorization Form.... is doing just that.

You Said "ACH Payments ARE....."

Then described the exact scenario we use..... having customers authorize ach debits from their accounts

You are missing the point - but, no mind , cannot teach the unwilling.

[WestCoastFunding]

Dave is such a lunkhead.

[Yankeeman07]

Dave is such a lunkhead.

Appreciate the kind words - I'm a gentleman so I will post my thoughts concerning you.

I love people you hide behind a keyboard when making comments. No Name, phone number, business
email address.

BTW, I actually sell these products and have for years, therefore I have just a little knowledge of the differences between the various Check Products/Instruments.

There is a difference between Check by Phone or Check by Web and an actual a ACH.

For your learning pleasure, visit http://www.checktraining.com/fcf

[WestCoastFunding]

Appreciate the kind words - I'm a gentleman so I will post my thoughts concerning you.

I love people you hide behind a keyboard when making comments. No Name, phone number, business
email address.

BTW, I actually sell these products and have for years, therefore I have just a little knowledge of the differences between the various Check Products/Instruments.

There is a difference between Check by Phone or Check by Web and an actual a ACH.

For your learning pleasure, visit http://www.checktraining.com/fcf

0CBAE612-C39A-4FBF-9B22-1BD7395EB237.jpg

It’s true, Dave, I choose to keep anonymous. And I can do it because I’m not desperately seeking business on here the way you are. And to think that with all your low-rate reselling schemes your pushing on here, you aren’t earning enough to keep your entity active.

SMH.

[Yankeeman07]

0CBAE612-C39A-4FBF-9B22-1BD7395EB237.jpg

It’s true, Dave, I choose to keep anonymous. And I can do it because I’m not desperately seeking business on here the way you are. And to think that with all your low-rate reselling schemes your pushing on here, you aren’t earning enough to keep your entity active.

SMH.

Guess you were to busy trolling my comments to read a previous post.

[MCNetwork]

Why would someone willingly pay Hanna up to 12% of his service fee (which can amount to hundreds of dollars for a large deal) to process a transaction when he can sign up with a company like www.seamlesschex.com and process his own fees for a tiny fraction of the cost?

[WestCoastFunding]

Why would someone willingly pay Hanna up to 12% of his service fee (which can amount to hundreds of dollars for a large deal) to process a transaction when he can sign up with a company like www.seamlesschex.com and process his own fees for a tiny fraction of the cost?

Because Dave loves attempting to resell stuff at astronomical rates. DF is littered with him selling **** - most of it useless btw. He’s the guy standing across the street from Costco attempting to sell cases of magenta colored crayons.

[Yankeeman07]

Why would someone willingly pay Hanna up to 12% of his service fee (which can amount to hundreds of dollars for a large deal) to process a transaction when he can sign up with a company like www.seamlesschex.com and process his own fees for a tiny fraction of the cost?

Underwriting - Prohibited Merchant List.

From Seamlesschex:


SeamlessChex offers instant approval to all legal US businesses.

ACH requires credit check and bank underwriting.

Requirements:

ACH requires credit check, personal guaranty, and bank underwriting
Tax returns and bank statements may be required. Click to see full documentation requirements.
Bank statements must show balances that equal the daily volume requested.
Must be in business for at least 6 months, no startups
High returned checks and NSF’s will result in termination
High Risk Industries including Direct Marketing, Collection Agencies, Tech Support, etc.
Not sure if your business is prohibited? Click here to see full list.

Once you signup for your trial and you can request ACH in the Account tab.

eCheck Processing: ACH Alternative for businesses with high returns and high risk.

Receive deposits directly into your bank account Monday, Wednesday, and Friday.

Seamlesschex has a 404 Error for their prohibited merchant - but, we all have nearly the same types that are prohibited:


Unacceptable Merchant List
••
3rd Party Accounts Receivable / Bill Payment Servicing Company
••
Adult Content or Material
••
Adult Entertainment / Adult Phone Services / Companion and Escort Services / Massage Parlors/ Dating Services
Aggregation / Nested Processing / Payment Processors
Alcohol Sales – Online / Non face-to-face sales environments
Auctions / Bid-to-Bid – Online / Non face-to-face sales environment
Bail Bondsmen and Bail Payment related industry
Bath Salts/ Herbal Incense/ or similar products
Card Rooms / Gaming / Gambling Entities and Establishments / Fantasy Sports / Sports Forecasting
Cash Back Accounts / Check Cashing
Chat Lines / 900 Numbers / Psychic Networks / Occult
Credit Counseling Firms / Credit Repair
Credit Card Funding and Fees
Credit Card Protection Services
Debt Consolidation Management / Debt Settlement Companies
Firearms & Ammunition Sellers and Manufacturers – Non face-to-face sales environment
Give Away / Quick Money Making Opportunities / Guaranteed Rebate, Refund, or Prize
Identity Theft / Fraud Protection
Indian Tribal Legal Entities
Internet Mall / Shopping Club – Where merchant does not own goods
Investor Clubs or Services

Loan / Lending / Finance Companies – Where money given to customer

Business Lending Company (Sale of future receivables is acceptable)
Payday Loan
Short – Term Consumer Loan
Title Loan
Loan Modification or Loan Consolidation Companies
Lotteries / Raffles / Sweepstakes – (Bingo is acceptable)
Medical or Non-Medical Marijuana or related
Mobile Wallets – Adding value
Money Service Business (MSB’s) defined http://www.fincen.gov/financial_inst...sb/amimsb.html
Person to Person Payments
Pharmacy – Online sales environment
Prepaid cards – (Payment, Gift, or Telephone cards) or related
Political Organizations / Campaigns / Committees / Embassies / Missions / Consulates
Shell Banks – Bank with no physical presence in any country
Telemarketing – (Payments from Inbound calls ONLY – Will consider National brands in business for 3 years)
Tobacco / e-Cigarettes Products – Online / Non face-to-face sales environment
Vacation Package and Time Share – (Property Management related is acceptable)
Voice Over Internet Protocol (VOIP)
Unacceptable Merchant List

[MCNetwork]

Underwriting - Prohibited Merchant List.

From Seamlesschex:


SeamlessChex offers instant approval to all legal US businesses.

ACH requires credit check and bank underwriting.

Requirements:

ACH requires credit check, personal guaranty, and bank underwriting
Tax returns and bank statements may be required. Click to see full documentation requirements.
Bank statements must show balances that equal the daily volume requested.
Must be in business for at least 6 months, no startups
High returned checks and NSF’s will result in termination
High Risk Industries including Direct Marketing, Collection Agencies, Tech Support, etc.
Not sure if your business is prohibited? Click here to see full list.

Once you signup for your trial and you can request ACH in the Account tab.

eCheck Processing: ACH Alternative for businesses with high returns and high risk.

Receive deposits directly into your bank account Monday, Wednesday, and Friday.

Seamlesschex has a 404 Error for their prohibited merchant - but, we all have nearly the same types that are prohibited:


Unacceptable Merchant List
••
3rd Party Accounts Receivable / Bill Payment Servicing Company
••
Adult Content or Material
••
Adult Entertainment / Adult Phone Services / Companion and Escort Services / Massage Parlors/ Dating Services
Aggregation / Nested Processing / Payment Processors
Alcohol Sales – Online / Non face-to-face sales environments
Auctions / Bid-to-Bid – Online / Non face-to-face sales environment
Bail Bondsmen and Bail Payment related industry
Bath Salts/ Herbal Incense/ or similar products
Card Rooms / Gaming / Gambling Entities and Establishments / Fantasy Sports / Sports Forecasting
Cash Back Accounts / Check Cashing
Chat Lines / 900 Numbers / Psychic Networks / Occult
Credit Counseling Firms / Credit Repair
Credit Card Funding and Fees
Credit Card Protection Services
Debt Consolidation Management / Debt Settlement Companies
Firearms & Ammunition Sellers and Manufacturers – Non face-to-face sales environment
Give Away / Quick Money Making Opportunities / Guaranteed Rebate, Refund, or Prize
Identity Theft / Fraud Protection
Indian Tribal Legal Entities
Internet Mall / Shopping Club – Where merchant does not own goods
Investor Clubs or Services

Loan / Lending / Finance Companies – Where money given to customer

Business Lending Company (Sale of future receivables is acceptable)
Payday Loan
Short – Term Consumer Loan
Title Loan
Loan Modification or Loan Consolidation Companies
Lotteries / Raffles / Sweepstakes – (Bingo is acceptable)
Medical or Non-Medical Marijuana or related
Mobile Wallets – Adding value
Money Service Business (MSB’s) defined http://www.fincen.gov/financial_inst...sb/amimsb.html
Person to Person Payments
Pharmacy – Online sales environment
Prepaid cards – (Payment, Gift, or Telephone cards) or related
Political Organizations / Campaigns / Committees / Embassies / Missions / Consulates
Shell Banks – Bank with no physical presence in any country
Telemarketing – (Payments from Inbound calls ONLY – Will consider National brands in business for 3 years)
Tobacco / e-Cigarettes Products – Online / Non face-to-face sales environment
Vacation Package and Time Share – (Property Management related is acceptable)
Voice Over Internet Protocol (VOIP)
Unacceptable Merchant List

Phew! None of my MCA clients are on this list!

[MCNetwork]

Well his address is listed as "Shady" Hills

[Karen37a]

http://www.halfpricesoft.com/

One time fee for numerous software programs

I have 5 other links I will look them up this weekend