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  1. #1

    Are ACH split and how great it would be for the restaurant industry specifically

    Are ACH split and how great it would be for the restaurant industry specifically. As you know most of the restaurant deals we see are looking for a credit card split or already have one, the ACH split gives them the same comfort of protecting their cash flow without changing processors or waiting on a lockbox to be set up.


    ACH Split - Protects the merchants cash flow with fluctuating debits based on the merchant's deposits and performance. To do this, there will be routine reconciliations as frequently as daily, weekly, or monthly at the merchant's direction. For example, the holdback percentage in an offer is 14%, so we will be debiting 14% of the merchant's revenue during the specified reconciliation period chosen by the merchant.


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    Director ISO Relations, FundKite
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  2. #2
    Senior Member Reputation points: 44858
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    this is not new lol....many did this in 2014 maybe even earlier....good luck

  3. #3
    Member Reputation points: 3624 Fundkite Egor's Avatar
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    Quote Originally Posted by fin4all View Post
    this is not new lol....many did this in 2014 maybe even earlier....good luck
    You're absolutely correct, this isn't new, feel free to correct me but I believe we're still the only funder offering this option as of this time.

    About two years now and we've ironed out the whole process, contact me or Steve with any questions.

    Thank you!
    Egor Gagarin
    ISO Relations Rep, FundKite
    Direct: 929-443-3300 | Email: egor.g@fundkite.com
    Web: fundkite.com

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