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  1. #1
    Senior Member Reputation points: 84416
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    A credit card split does not require any messing with a terminal. It is a DDA Change authorized by the merchant.
    The delay could come from the data entry and in our situation we do not fund until we see at least 1 batch in the
    new DDA (Lock box) - In mos instances it is not an issue - The merchant wants the funds - therefore he/she can
    push their processor to change the DDA
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    A credit card split does not require any messing with a terminal. It is a DDA Change authorized by the merchant.
    The delay could come from the data entry and in our situation we do not fund until we see at least 1 batch in the
    new DDA (Lock box) - In mos instances it is not an issue - The merchant wants the funds - therefore he/she can
    push their processor to change the DDA
    Sean is talking about before there were lockboxes. this was back in 2008-2009 when firstfunds was around. The only other option then was to do an ACH based off of credit card processing amount and other than MCC I dont think anyone else did that
    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

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