[Yankeeman07]

Do you even fund bro?
If a merchant has NSF/Overdraft Issues, how would a split or lockbox eliminate them? This is the biggest bonehead comment Ive ever seen you make (and its you - so that says a lot)

It is simple logical thinking, if a merchant has NSF/Overdraft Issues, and you put him in a split, what happens? LESS money gets to that very same bank account with the issues and therfore does what? Survey says? CAUSES MORE ISSUES (Number 1 Answer)

Yea the Lender gets paid, but what happens when they close his account for bouncing **** left and right? Or he goes out of business? What happens to your Magical Lockbox then?

A Lockbox isnt a Magic Wand.

I'm not your bro ! What are you 25 years old?

Yes we fund. Numerous negative days is not the only factor in underwriting an account.
A funder (or at least the company I rep) looks at the complete file, TIB, Monthly Sales Volume,
Credit Score and almost the number 1 Factor - WHAT IS THE USAGE OF FUNDS!

Will the funding generate additional revenue and profit.

What occurs with a lock-box is that the funder (us) receives payments on-time without any risk
of ACH Reject Fees and the compounding of stacked late payments and fees.

We want the merchant to stay in business - it is not SOP to give funding to merchants
that are closing their doors.

BTW - you may not be old to enough to know this but the original MCA Product was a credit card split / lock-box.
My 1st exposure was via United Bank Card (1999?) when they partnered with Amer-Finance (Mike DeAngelo?) ( someone can check my
memory & history)

If you conduct a Google Keyword search for Merchant Cash Advance. most of your initial results will refer to an MCA
as a Credit Card Split.

**The original post was "Who is funding merchants who have several negative days per month" - Is several negative days 3 or 5 or 7, 15?
It was a general question, and I responded, yes, we can POSSIBLY fund that type of account.

Who the F** Asked you for you 1 cent opinion?