[Iscibibi153]

Hi,

How do I charge psf fees to merchants ? I know they have to sign the psf paper giving them permission. But how exactly do I pull from their account?

[Yankeeman07]

Hi,

How do I charge psf fees to merchants ? I know they have to sign the psf paper giving them permission. But how exactly do I pull from their account?

Unless you are the Actual Funder - you are not going to pull from the merchants account.

There are several methods of collecting fees - one of them being Check 21

Call me and I will explain.

[Gables Capital Group]

Unless you are the Actual Funder - you are not going to pull from the merchants account.

There are several methods of collecting fees - one of them being Check 21

Call me and I will explain.

LOL what?

All you need is an ACH processor. We use ACH works. plenty of them out there.

Nothing personal but I probably would skip on calling this guy for advice lol^

[abfunders]

Unless you are the Actual Funder - you are not going to pull from the merchants account.

There are several methods of collecting fees - one of them being Check 21

Call me and I will explain.

Dave, I saw ISOs doing it with an ACH processor.

Many just sent a DocuSign that the ISO sent afterwards allowing the ISO to pull the money with a check draft that they made, created from echeckdirect.com, printed, and deposited via mobile app. (Why the merchant signed the DocuSign, good marketing....) You don't need a fancy system for that, you just need a bank that will accept check drafts.

[Michael I]

ach works is who must of us use

[TopCapital]

Hi,

How do I charge psf fees to merchants ? I know they have to sign the psf paper giving them permission. But how exactly do I pull from their account?

Call Perry Chen From BMS/ACHGO great guy he set me up with ACH processor for PSFs
212-444-9567
Perry@swipebms.com .

[MCN]

Hi,

How do I charge psf fees to merchants ? I know they have to sign the psf paper giving them permission. But how exactly do I pull from their account?

There are several ACH processing comapnies that do this. Dont listen to anyone telling you otherwise.

[Iscibibi153]

Thanks, all!

[Yankeeman07]

LOL what?

All you need is an ACH processor. We use ACH works. plenty of them out there.

Nothing personal but I probably would skip on calling this guy for advice lol^

Nothing personal - but you should know your **** before you spout off.

Facts - The poster IS NOT a funder/lender
Facts: The Poster Is NOT in the USA



Tell me what bank/ODFI is going to allow him to do ACH Pulls?

[freeprocessing]

Nothing personal - but you should know your **** before you spout off.

Facts - The poster IS NOT a funder/lender
Facts: The Poster Is NOT in the USA


Tell me what bank/ODFI is going to allow him to do ACH Pulls?

Dude stop trying to sell him outdated services. I will be personal here: Any broker can pull fees. Metropolitan bank, Signature Bank, even Chase and many other ACH services.

[RBcapital]

Hi,

How do I charge psf fees to merchants ? I know they have to sign the psf paper giving them permission. But how exactly do I pull from their account?

If you have a good funder and have a good relationship, they may hold back the PSF for you.
I know some that do. Case by case

[DTFdowntofund]

I used to allow our ISOs to add a PSF to our setup fee prior to contracts going out as long as it was within reason. Depending upon the lender they may entertain it.. either way it's smart to be privvy to each shop's stance on junk fees when onboarding with them, esp since some have a strict no PSF policy and could endanger your ability to fund with them at all.

[Akanner]

I used to allow our ISOs to add a PSF to our setup fee prior to contracts going out as long as it was within reason. Depending upon the lender they may entertain it.. either way it's smart to be privvy to each shop's stance on junk fees when onboarding with them, esp since some have a strict no PSF policy and could endanger your ability to fund with them at all.

You dont hold back PSFs anymore?

[TopCapital]

ach works is who must of us use

When i called them, their rep told me they dont allow PSFs. Was he mistaken?
Either Way ACHGO did let

[Yankeeman07]

When i called them, their rep told me they dont allow PSFs. Was he mistaken?
Either Way ACHGO did let

You are correct, I was told the same yesterday in speaking with their rep.

[Yankeeman07]

Dude stop trying to sell him outdated services. I will be personal here: Any broker can pull fees. Metropolitan bank, Signature Bank, even Chase and many other ACH services.

You did not answer the question - in the particular case - what ODFI/Bank will allow him to pull via ACH?

I've spoken with Iscibi153 and he is in a unique situation - Not even sure my solution would work for him.

**Many financial institutions in the USA cast a wary eye on Check 21 Drafts.

You mention Chase, just have a few ACH Drafts returned as "Unauthorized Transactions" Let me know how long
you bank account remains open -- it is the same rules for all Financial Institutions.

ACH Fraud is a big issue.