Results 26 to 31 of 31
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09-25-2021, 11:33 AM #26
- Join Date
- Dec 2015
- Posts
- 610
Well that nightmare is what would give fundkite the edge, IF, they’ve figure out how to automate those logistics issues.
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09-26-2021, 05:14 PM #27
That is correct. The payments vary based on sales. A merchant whose payments are lower because sales are slow is not in default.
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09-26-2021, 05:18 PM #28
This is not about investors. This about proving merchants with the product they expect. Fixed payments are not MCA. Most of our merchants are on daily or weekly reconciliations. How we do it is a combination proprietary products and 3rd party vendors. It works, merchants are happy and they are paying what they are supposed to per the MCA product.
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09-26-2021, 05:21 PM #29
TheUnderwritingProdigy
It’s a nightmare for those that still use an Abacus to count. It’s a very seamless process for us.
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09-27-2021, 10:39 AM #30
- Join Date
- Jun 2017
- Posts
- 2,049
It seems that it would have to be on a 24 Hour delay....
IE all deposits from last 24 Hours affect todays Payment and so on....
All you have to do is monitor the accounts w/ Plaid or Dec Logic.
The Interesting thing I would want to know is the filtering, how do you determine true revenue. With a split its easy, every CC Transaction is True Revenue. Discerning revenue from lets say transfers, or other Non-Revenue deposits, that seems to me would be the most labor intensive, until youve run it for a year or so and have filters in place.Last edited by ryan $; 09-27-2021 at 10:42 AM.
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09-27-2021, 02:37 PM #31
- Join Date
- Oct 2013
- Location
- Designer
- Posts
- 592
Excellent point
www.UccRadar.com
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