Results 1 to 8 of 8
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05-07-2019, 09:20 AM #1
- Join Date
- May 2018
- Posts
- 158
Over pulling is it ever going to end
This over pulling crisis will it ever end
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05-07-2019, 09:30 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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05-07-2019, 09:58 AM #3
- Join Date
- Jun 2013
- Posts
- 293
Couldn't agree more. I keep being told by ISO's that they send a file to an average of 10 funders....10!!!
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05-07-2019, 12:07 PM #4
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
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05-07-2019, 02:33 PM #5
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
I OP was commenting on the pull % on the merchant's sales. Not credit pulls.
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05-07-2019, 02:41 PM #6
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
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05-07-2019, 02:46 PM #7
one of the issues here is that 99.9% of funds go by CLEARED balance, so there will inevitably be 2-5 pending payments when the merchant shows paid in full. Then you throw bounce fees (or whatever fees) on top...and it looks like overcollection, when in fact, you are following the letter fo the contract
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05-07-2019, 02:56 PM #8
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
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