Results 1 to 4 of 4
-
08-10-2014, 11:55 AM #1
- Join Date
- Jun 2014
- Posts
- 84
Merchants conducting business via personal accounts
I have run into this scenario much too often where a merchant is conducting business via his/her personal account. 20% of my funding inquiries fall under this category. I can of course tell them to open a business account - but that does not help me or the merchant at that moment. Any ideas because I see this trend continue to increase due to internet businesses and the ease with which merchants can attach card processing to non-business accounts. Let me know if you've run into similar situations and/or have any ideas on this front.
-
08-10-2014, 01:06 PM #2
- Join Date
- Jul 2014
- Posts
- 1,746
Maybe you are fishing in the wrong pond. Seems to me that any business with substantial revenues would typically use a business bank account. What would be the benefit to using a consumer account for business?
-
08-11-2014, 12:18 PM #3
-
08-11-2014, 12:39 PM #4
Similar Threads
-
Personal lines of credit available stater loan.
By AMERICApital1 in forum Business LoansReplies: 32Last Post: 12-31-2017, 10:34 PM -
Online business does business via checks and via personal account
By bostriba in forum Deal BinReplies: 2Last Post: 07-21-2014, 08:24 AM -
Personal credit reports
By JCC in forum Merchant Cash AdvanceReplies: 1Last Post: 06-15-2014, 08:50 AM -
personal + business account factoring?
By AMERICApital1 in forum Deal BinReplies: 2Last Post: 06-12-2014, 03:08 PM -
Default Accounts reporting
By umaharaj in forum Merchant Cash AdvanceReplies: 5Last Post: 05-14-2014, 09:37 AM