- Chargebacks & Clawbacks - Asking for a friend?

**Don Dolla** · 08-07-2018, 05:43 PM

Merchant took advance over 90 days ago

Recently merchant called his bank and got all transactions reversed ... all the daily debits, ACH transactions that were posted over 30, 60, 90 days ago, reversed.... what happens next? why is funder looking to clawback? anybody

**Michael I** · 08-07-2018, 05:48 PM

never heard of someone getting 90 days reversed

**mcaguru** · 08-07-2018, 05:52 PM

I was told someone has 90 days forgot who... I do know in equipment leasing some firms need the company to make 3 payments (that's 3 months) ...

**Don Dolla** · 08-07-2018, 05:56 PM

how would you handle something like this at Crestill Cap

**J.Celifarco** · 08-07-2018, 06:14 PM

never heard of anything like this 90 days seems like a long time to be allowed to reverse payments

**Nunya** · 08-07-2018, 06:20 PM

Originally Posted by Don Dolla

why is funder looking to clawback?

If they don't eat, nobody eats. That's why.

**Jason Sterling** · 08-07-2018, 06:39 PM

Industry standard claw is 30 days. After that they have all the risk.

**BB_Cooper** · 08-08-2018, 08:12 AM

Reversed payments from 90 days ago?? Way beyond the NACHA limits for business. Did they fund a personal account?

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- Chargebacks & Clawbacks - Asking for a friend?

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