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03-21-2019, 05:18 PM #9
- Join Date
- Mar 2016
- Posts
- 908
It would, but its tough to justify a weekly payment when the first 3 are daily and accompanied with a 100-120 day term. (if they are highrisk funders)
Its easier for me to get a weekly payment from my funder when the first 3 daily positions are OnDeck, Swift and Knight for Example. All of those positions will have low factor rates, really long terms and are just overall REALLY good deals for the merchant that wont have a huge effect on my weekly debit.
Imagine 3 daily debits of $300-$400 compared to 3 daily's of $1,500-$2,500. The higher the daily, the less chance you have of collecting your weekly debit. But if they are low, you shouldn't have any issues.Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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