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09-21-2020, 02:16 PM #1
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09-24-2021, 11:58 AM #2
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- Jun 2014
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09-24-2021, 01:54 PM #3
Speaking from personal experience as an ISO rep at Fundkite, majority of our merchants are happy to work with our reconciliation and believe its beneficial to their business cash flow. As opposed to a fixed payment in which the merchant may worry about making payments when business is down.
Reconciliation allows merchants payments to be flexible according to their sales, so yes, a 6 month term could end up being 4 months or 8 and we're fully prepared for either scenario.Egor Gagarin
ISO Relations Rep, FundKite
Direct: 929-443-3300 | Email: egor.g@fundkite.com
Web: fundkite.com
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09-26-2021, 05:18 PM #4
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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