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08-07-2018, 05:43 PM #1
Reputation points: 57713
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- Chargebacks & Clawbacks - Asking for a friend?
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
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08-07-2018, 05:48 PM #2
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never heard of someone getting 90 days reversed
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08-07-2018, 05:52 PM #3
Reputation points: 54989
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- Dec 2013
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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) ...
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-07-2018, 05:56 PM #4
Reputation points: 57713
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how would you handle something like this at Crestill Cap
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08-07-2018, 06:14 PM #5
never heard of anything like this 90 days seems like a long time to be allowed to reverse payments
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-07-2018, 06:20 PM #6
Reputation points: 198007
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- Mar 2017
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08-07-2018, 06:39 PM #7
Reputation points: 8447
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- Jul 2015
- Location
- Tampa Florida
- Posts
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Industry standard claw is 30 days. After that they have all the risk.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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08-08-2018, 08:12 AM #8
Reputation points: 13031
- Join Date
- Jun 2014
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Reversed payments from 90 days ago?? Way beyond the NACHA limits for business. Did they fund a personal account?
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