[newunderwriter007]

So I see a deal where the merchant got funded on 9/12, but only started pulling on 9/25. To me it looks really suspicious, can anyone thing of a legitimate reason this would happen?

[Sachip24]

a lot of lenders now have bi-weekly payments. when was the payment pulled after the 9/25 ach?

[Mynameisbob]

Who Does bi weekly?

[Chambo]

who does bi weekly?

tbb

[newunderwriter007]

Started pulling daily, 25th, 26, 27th and so on.

[Sachip24]

hmm well there goes that idea. ask merchant what happened. Could be some kind of agreement they had prior to funding. I funded a deal once where merchant was on vacation they funded day he left but agreed not to start pulling until week later when he got back to the business.

[WestCoastFunding]

Maybe the bank temporarily stopped the payments because they found them suspicious?

[Lmonus]

Some funders have a grace period - ive that with Swift / Paypall a couple of times - They fund and don't start collecting until a week or two later.

[ryan $]

Ive gotten a grace period before on deals. doesnt have to be swift.

[JAG1700]

Most likely was set up on a biweekly payment plan

[Don Dolla]

some funders just **** up, i worked at a fairly large, well known place for a bit and their accounting dept was terrible. sometimes they enter the wrong voided check and bounce payments for two weeks before mgmt found out

[Michael I]

when it looks like a duck and sounds like a duck it is usually a duck

[Chambo]

So I see a deal where the merchant got funded on 9/12, but only started pulling on 9/25. To me it looks really suspicious, can anyone thing of a legitimate reason this would happen?

Maybe the admin just forgot to enter it in the system in a timely manner?

[mcashark]

yup that typically happens with new funders, problem is that blunder makes it look like the merchant is slow paying them, come renewal time