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  1. #1

    Question Side question about funding positions on top of PAR/CBSG in the current climate...

    First and foremost, yes, I've been (somewhat) following the main PAR/FBI thread floating around on the top of this sub-forum..

    Today I got a file that was somewhat recently funded by PAR/CBSG.. early July 2020 or so.. the broker made a note to call me to disclose that the PAR/CBSG funding is still in "good standing" but due to the recent events, they are no longer permitted to debit merchant accounts anymore.

    I'm not sure what the deal is with this.. I don't want to fund a file and then get ****ed if PAR decides to blanket-litigate all of their accounts because they can no longer collect.. not sure what to think at this point.

    Is it safe to follow-up positions in files with PAR at this point? Are they still able to collect?

    Does anybody know what the deal is?

  2. #2
    Veteran Reputation points: 134971 Chambo's Avatar
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    in THIS climate? when in doubt, walk away

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