[socalgav]

Hello any one have an issue with YS accounting. Funded a deal for 75 payments as of today they have taken 82 payment and told me today was the last payment, after a week of asking. I counted all the payments and it was 82, looked at the contract it it was 75. Only have done a few deals with them and wanted to see others experiences.

Thank you
Gavin

[SCFunding]

Reaching out to YS instead of posting here seems like a logical move

[HumbleDBAD]

Ask ysc. They’re easy to reach, quickest way to a definite answer.

[Advance Smart]

It takes a few days for ACH's to clear so many funders continue to take payments until the previously ACH'd payments clear in 5 or 7 days or so. Then they refund the difference once the owed balance is reached by cleared payments not just ACH'd payments. So in the end they aren't taking more money it all evens out with the refund at the end. I hope that helps.

[NoBigDeal]

Possible the merchant bounced on any payments so YSC was pulling to make up?

[danlen]

You should reach out to your rep, I'm sure they can clarify what happened here, if you cant reach them you can call me and I will have he or she get back to you. I assume this is due to the 4-5 day payment lag on our ACH deposits, because of that most deals are over collected for an extra 4-5 days. We will obviously return any over collections once they all settle. However this could be due to fees particular to this deal so either way I would encourage you to reach out and clear it up.


Daniel Lenefsky
Senior Finance Executive/VP ISO relations
P:646-774-3301
F: 646-398-5656
daniel@yellowstonecapllc.com

[socalgav]

Hello Daniel, think we have it solved if not will reach out to you. Thank you