Negative Days / Credit Card Splits
Need a Funder or Vendor? START HERE

Results 1 to 25 of 34

Hybrid View

  1. #1
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Quote Originally Posted by J.Celifarco View Post
    Split deals are made for people who have a few negative days in their account. I would think that is something anyone in this industry should know. This industry was built on split deals, if you don't know that then you have no idea what the MCA is or how it was built.
    Split deals were really made for everyone. Everyone who wanted $$$.
    It was a world where only 1st Positions existed, renewed your Merchants and kept them for years.
    Then ACH Product came out, YS, Pearl, Not really sure who did it first. It was just 1st and 2nds for a while.
    Then sure enough....we get to now. Ive seen 18 Positions in One deal.

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,509

    Quote Originally Posted by ryan $ View Post
    Split deals were really made for everyone. Everyone who wanted $$$.
    It was a world where only 1st Positions existed, renewed your Merchants and kept them for years.
    Then ACH Product came out, YS, Pearl, Not really sure who did it first. It was just 1st and 2nds for a while.
    Then sure enough....we get to now. Ive seen 18 Positions in One deal.
    I think First Funds was the first company to do ACH only deals but I could be wrong. I know @Sean Bash would remember if he sees this. I do know the first time I saw an ach deal I thought it was crazy, I think that was like 08 again could be wrong.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

Similar Threads

  1. Credit Card Splits & Credit Card Processing
    By Yankeeman07 in forum Promotions
    Replies: 0
    Last Post: 09-28-2020, 03:53 PM
  2. Credit Card Splits
    By Yankeeman07 in forum Promotions
    Replies: 0
    Last Post: 08-19-2017, 02:03 PM
  3. Credit Card Splits?
    By FUND3R1 in forum Merchant Cash Advance
    Replies: 5
    Last Post: 08-18-2017, 01:04 PM
  4. Credit Card Splits
    By Yankeeman07 in forum Promotions
    Replies: 0
    Last Post: 05-07-2017, 07:45 PM
  5. Replies: 6
    Last Post: 09-08-2015, 06:40 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Fintech Nexus is shutting down
Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend


DIRECTORY