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08-04-2020, 12:29 PM #1
- Join Date
- Jun 2017
- Posts
- 2,049
Im an Idiot. Yet EVERY lender pulls a few payments after the last payment then refunds the difference.
ACH Is Outdated Technology, Fact.
Regulations stop Innovation. Blockchain Technology would allow Instant Funding and Reconciliation, If it was adopted, and end the extra Pulls.
You both are ****in idiots.
If "My PARTY" is MCA's - They aren't ending any time soon. And even if it did, I made enough these past 15 Years, Ill retire.Last edited by ryan $; 08-04-2020 at 12:34 PM.
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08-05-2020, 01:15 PM #2
- Join Date
- Jan 2018
- Posts
- 518
Ryan I can’t imagine you made a single penny in MCA if you don’t know about the long list of funding companies that purposely continue pulling merchants accounts hoping the merchant is too clueless to notice.....
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08-05-2020, 06:25 PM #3
- Join Date
- Jun 2017
- Posts
- 2,049
Purposely? No.
Ive gotten calls from merchants saying so and so overpulled, and always straightened it out. But as a PRACTICE? No, I don't know anyone like that.
And I don't do it on deals I fund directly. But there is no getting around the 3 day lag from ACH's and Lockboxes.
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