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07-31-2014, 11:48 PM #1
Many ACH processors institute delays for high risk merchants like MCA companies. PayPal typically takes 3 business days for an ACH payment to go through. Even LendingClub which has done $5 billion in consumer loans has a 7-10 day ACH processing delay.
ACH is an incredibly outdated system in itself and it certainly does impact the accounting of payments in this industry.
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