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  1. #1
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    Lightbulb Instant $$$ Transfer

    Need To Pay Remote Sales People or Brokers Instantly or those that are underbanked?

    Missed the ACH Cut-Off Time on a Friday?
    Need to send funds to a merchant INSTANTLY?


    A closed loop payment is a transaction in which a client uploads money into a spending account that is linked to a payment device.
    A good example is the Genie Virtual Prepaid Card . A closed loop payment can only occur between a spending account and a single,
    specific company.
    Attached Images Attached Images
    Last edited by Yankeeman07; 09-30-2021 at 03:10 PM.
    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
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    I can't imagine that Dave has gotten more than 1 signup here.
    Nobody EVER has to pay their sales agents "instantly". And there are fees on the Genie Card to spend, and $5.95 monthly fee to maintain, $15 fee to cancel, $1 fee per transaction. https://www.merchantaccounts.direct/fee-schedule/

    Very few people in our industry are completely unbankable that they'd need this. Owners for sure now. So in order to pay your agent, you have to (1) load the card (for a fee) and (2) send the money. And it takes a few days to load the card. Then pay a fee to send the money.

    So I'll hijack the thread for something useful:

    I'm using Brex for my business account, it has truly FREE wires (I just sent a wire and it arrived in 30 minutes) and free ACH (arrives next day), and they paid me a $250 Amazon gift card for referring someone with my link (and they gave him the same $250) and another $250 or so for depositing a single PayPal transaction. https://www.brex.com/signup?rc=CtC3m0L

  3. #3
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    Micah - Again you prove how clueless you are -

    As an Example - 1) It DOES NOT Take Days to Load the Genie Card - There are methods to load the Card Instantly!
    Peer to Peer Transfer is one method.

    The Genie Platform has numerous usages in many industries - as an Example within the MCA World.

    A Direct Funder that want to "Instantly Provide $$ to a merchants - Micro Funding, Extend a Line of Credit,
    structured disbursements -

    Therefore, anyone that wants to discuss the many uses of the Genie Gateway , invest 15 minutes and call me.

    **BTW - many sales people, especially when they just starting don't have a bank account for many reasons
    Last edited by Yankeeman07; 09-30-2021 at 07:49 PM.
    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

  4. #4
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    Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, an account that allows customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at Brex’s partner banks, such as JPMorgan Chase Bank, Member FDIC and LendingClub Bank, N.A., Member FDIC. Investing in securities products involves risk. Brex Treasury is not a bank, and your Brex Cash account is not a bank account. A list of partner banks is available at https://www.brex.com/legal. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.
    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

  5. #5
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    Quote Originally Posted by Yankeeman07 View Post
    Micah - Again you prove how clueless you are -

    As an Example - 1) It DOES NOT Take Days to Load the Genie Card - There are methods to load the Card Instantly!
    Peer to Peer Transfer is one method.

    The Genie Platform has numerous usages in many industries - as an Example within the MCA World.

    A Direct Funder that want to "Instantly Provide $$ to a merchants - Micro Funding, Extend a Line of Credit,
    structured disbursements -

    Therefore, anyone that wants to discuss the many uses of the Genie Gateway , invest 15 minutes and call me.

    **BTW - many sales people, especially when they just starting don't have a bank account for many reasons
    Ah, yes, I'm clueless.
    It's not "instant" when you have to walk down to the Walmart and wait in line to load it.
    And it's also not instant when you do P2P, since somehow you have to have money on a different card first. So instead of keeping my money in a bank or other no-fees account that I can wire and ACH in and out of, I need to keep my business account money on the Genie platform and then it's instant.

    Sales people don't want bank accounts for "many reasons"? What reasons why wouldn't they have one? And why would you hire someone for a sales position that is truly unbankable? It likely means that they have fraud and/or massive collection agency issues and they're not suitable for a roll in the financial world anyway. Or maybe they don't trust banks? So why are they providing loans? Maybe they are trying to hide something from the IRS? The IRS will know because of a 1009/W-2 that's filed with the IRS.

    This product honestly makes close to zero sense. Nothing worth posting about every few weeks on this forum.

  6. #6
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    Quote Originally Posted by Yankeeman07 View Post
    Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, an account that allows customers to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at Brex’s partner banks, such as JPMorgan Chase Bank, Member FDIC and LendingClub Bank, N.A., Member FDIC. Investing in securities products involves risk. Brex Treasury is not a bank, and your Brex Cash account is not a bank account. A list of partner banks is available at https://www.brex.com/legal. Please visit the Deposit Sweep Program Disclosure Statement for important legal disclosures.
    So it's not a bank fully, they are partnered with Lending Club Bank (AKA Radius). Maybe not being a bank is a good thing? Just like the Genie card? Or perhaps its better? Because anything a bank can do, Brex can do just as well. And they even let foreigners who have US-incorporated companies sign up for a US bank account! How cool is that?

    Someone on this forum signed up under my link, we both earned $250 Amazon cards, and he's now sending offers out to his clients who don't have a business bank account as a way to monetize some of those leads.

  7. #7
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    Dave
    Can you name one funder who you signed up to this worthless product?

  8. #8
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    Quote Originally Posted by abfunders View Post
    Ah, yes, I'm clueless.
    It's not "instant" when you have to walk down to the Walmart and wait in line to load it.
    And it's also not instant when you do P2P, since somehow you have to have money on a different card first. So instead of keeping my money in a bank or other no-fees account that I can wire and ACH in and out of, I need to keep my business account money on the Genie platform and then it's instant.

    Sales people don't want bank accounts for "many reasons"? What reasons why wouldn't they have one? And why would you hire someone for a sales position that is truly unbankable? It likely means that they have fraud and/or massive collection agency issues and they're not suitable for a roll in the financial world anyway. Or maybe they don't trust banks? So why are they providing loans? Maybe they are trying to hide something from the IRS? The IRS will know because of a 1009/W-2 that's filed with the IRS.

    This product honestly makes close to zero sense. Nothing worth posting about every few weeks on this forum.
    What's is that saying , keep talking and you will prove how clueless you are.

    I will clarify 2 parts of your statement:

    Genie Premium Platinum Visa Debit Card is an "Instant Issue" with 3 features:

    1) Physical Card - with its own DDA
    2)Virtual Card - with its own DDA - managed from their Cell Phone - The have a Visa Card on their Cell Phone
    3)Genie Online Checking Account

    Get a FREE APP to manage your GenieCard, on your cell phone, from Anywhere You Are!

    Android: - https://play.google.com/store/apps/d...teway.customer

    iPhone: - ‎https://apps.apple.com/app/id1497810622

    Many people have ups & downs in life - Life is not Always a Bowl Full of Cherries - You ask why a sales person would not have a Bank Account -
    I can think of numerous reasons and Yes, Privacy & a Measure of Security would be a top reason.


    Point #2: Fed's Report on Under-banked - In the range of 15%
    https://www.federalreserve.gov/publi...and-credit.htm


    **Genie Card may be issued to people without Social Security Numbers - It is NOT Instant, but may be accomplished with proper documentation.

    Depending on what number you want to believe we have in the range of 12 to 50 Million People in the USA that may or may not have SS#.
    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

  9. #9
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    Quote Originally Posted by RickyR3712 View Post
    Dave
    Can you name one funder who you signed up to this worthless product?
    Currently - I do not have any Direct Funder that is using this product - probably since I just created this concept several weeks ago.
    Truth be know, I hijacked a concept that a retired banker in Panama had several years ago when he wanted to challenge the pay day loan industry.

    If you are a Direct Funder and wanted to place $$ in a Merchant's hands within seconds - this could be a solution. Beyond the MCA World,
    many other business verticals could benefit.
    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

  10. #10
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    Quote Originally Posted by Yankeeman07 View Post
    Currently - I do not have any Direct Funder that is using this product - probably since I just created this concept several weeks ago.
    Truth be know, I hijacked a concept that a retired banker in Panama had several years ago when he wanted to challenge the pay day loan industry.

    If you are a Direct Funder and wanted to place $$ in a Merchant's hands within seconds - this could be a solution. Beyond the MCA World,
    many other business verticals could benefit.
    Dementia Dave - you have been talking about this for some time now. If a funder cant send money the same day, then they aren't a real funder. If a merchant needs money so quickly that hours will become a problem, then I wouldn't want to give them money.

    This might be a solution for unbankable industries (Marijuana) but there are already multiple solutions in the market like this and they do not market themselves like they are stuck in the 90s.

  11. #11
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    Clueless mistamca - How many gig workers- freelancers, hospitality people that take their pay checks to a check
    cashing establishment and pay 10% to cash their checks?

    Why does the Payday Loan Industry exist? The person needs immediate funds to pay that utility bill, auto repair, and so forth.
    At times it makes a whole world of difference of having those funds in seconds -

    I have a fast-food chain that promotes work today - get paid today !!
    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

  12. #12
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    Quote Originally Posted by Yankeeman07 View Post
    Clueless mistamca - How many gig workers- freelancers, hospitality people that take their pay checks to a check
    cashing establishment and pay 10% to cash their checks?

    Why does the Payday Loan Industry exist? The person needs immediate funds to pay that utility bill, auto repair, and so forth.
    At times it makes a whole world of difference of having those funds in seconds -

    I have a fast-food chain that promotes work today - get paid today !!
    Well if you are looking from that front, then there are solutions out there that are cheaper, offer more features, and are easier to implement. Personally, I use dailypay for another one of my businesses. It integrates with payroll and time tracking and pretty much eliminated all employee advance requests across the org. See I am not clueless, this just seems like an inferior product. Maybe invest in marketing so it doesn't look like it belongs in the dial-up phase.

  13. #13
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    Quote Originally Posted by mistamca View Post
    Well if you are looking from that front, then there are solutions out there that are cheaper, offer more features, and are easier to implement. Personally, I use dailypay for another one of my businesses. It integrates with payroll and time tracking and pretty much eliminated all employee advance requests across the org. See I am not clueless, this just seems like an inferior product. Maybe invest in marketing so it doesn't look like it belongs in the dial-up phase.
    We are very familiar with Daily Pay - in fact they are speaking with us.

    By using DailyPay, you are simply transferring your own earned income into your bank account or card. You can only transfer money that you have already earned, but that has not yet been paid to you.

    Genie Card may be utilized to resolve the issue when an employee does not have a debit card or bank account.


    Each Genie Card has its own routing and account number. Physical and Virtual which may be managed from a person's cell phone.

    Genie Card - How It Works

    http://www.geniecard.com
    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

  14. #14
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    Quote Originally Posted by Yankeeman07 View Post
    We are very familiar with Daily Pay - in fact they are speaking with us.
    http://www.geniecard.com

    I'm sure they love knowing their business is ALL out there on a public forum. No NCNDA's were honored here... lucky it's a private company.

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