Split ACH Funding
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  1. #1
    Member Reputation points: 499 FifthVenture's Avatar
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    Split ACH Funding

    I have a client that runs a seafood restaurant they do mostly credit card sales. They have one position with FOX Business it's a terrible deal because they should've been placed on a credit card split from the beginning. Their current balance is only 8K.

    Who specializes in SPLIT ACH only???

    Thanks in advance!!!!

  2. #2
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    Thanks for the shout out, reach out for an ISO agreement
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  3. #3
    BFS will do a split off processing receivables. Principis has flexpay program that fluctuates with sales.

  4. #4
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    Quote Originally Posted by FifthVenture View Post
    I have a client that runs a seafood restaurant they do mostly credit card sales. They have one position with FOX Business it's a terrible deal because they should've been placed on a credit card split from the beginning. Their current balance is only 8K.

    Who specializes in SPLIT ACH only???



    Thanks in advance!!!!
    Why is a credit card split a terrible deal?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    Member Reputation points: 499 FifthVenture's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    Why is a credit card split a terrible deal?
    I didn't say a split was a bad deal, I said that the Fox deal was a terrible one because they're being debited daily. They weren't placed on a fplit but given an MCA

  6. #6
    Senior Member Reputation points: 84416
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    Quote Originally Posted by FifthVenture View Post
    I didn't say a split was a bad deal, I said that the Fox deal was a terrible one because they're being debited daily. They weren't placed on a fplit but given an MCA
    Most MCA's are debited daily - What does the merchant qualify for?
    Call me - we should have a home for this deal.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    We do

    Sam 212-222-9514

  8. #8
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by FifthVenture View Post
    I have a client that runs a seafood restaurant they do mostly credit card sales. They have one position with FOX Business it's a terrible deal because they should've been placed on a credit card split from the beginning. Their current balance is only 8K.

    Who specializes in SPLIT ACH only???

    Thanks in advance!!!!
    What's the catch here? Most A-B funders do CC split deals.....

  9. #9
    Who does the merchant process with currently? Depending on that bit of info is likely why he went ACH instead. Sometime merchants wont switch over processing as their current one doesn offer it and Lockboxes are a shi. show especially if they have a POS system.

  10. #10
    Banned Reputation points: 179851
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    Quote Originally Posted by Chambo View Post
    What's the catch here? Most A-B funders do CC split deals.....
    Id be willing to bet he is bouncing on Fox

    You have to sift through the pink smoke...... "Terrible Deal" "Never should have been a a Debit" equals they are bouncing

  11. #11
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    Quote Originally Posted by JohnT. View Post
    Who does the merchant process with currently? Depending on that bit of info is likely why he went ACH instead. Sometime merchants wont switch over processing as their current one doesn offer it and Lockboxes are a shi. show especially if they have a POS system.
    A credit card split / lock box can be accomplished even if the merchant has a POS System.
    No need to switch processors
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  12. #12
    Senior Member Reputation points: 8447
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    We can direct split with 5 different processors (Evo Payments, Integrity, TSYS, Winstar Payments, Benchmark Merchant Services) as well as offer a LOCKBOX if the merchant must stay with their current processor. We are very familiar with how POS integrations work and how to accommodate unique situations. We have specialized in credit card split funding since 2005.
    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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