[dave.kirk@vericheck.com]

Are you using ACH to do Same Day Funding?

Whereas the more conventional way to do MCA funding was from the use of wires, there has been so much necessary automation added to the industry, that more and more funders are using ACH not just pay their syndicate partners but also to fund deals.

Are you doing it? If not, is there a reason? And, if so, is there a reason?

Some reasons seem to be logical enough especially if an MCA funder is using a CRM with an integration to an API who is funding multiple deals in a day. Everything being done from the convenience of a dashboard is a good reason. The automation saves so time. And the ACH transactions save a ton of cost.

But, it an MCA is funding only one or two deals a day is there really a benefit.

Why am I asking? Some people can be helped by a new feature, others cannot for whatever reason.

Dave Kirk
ACHWorks
201-247-1033

[MiamiFunder]

Depends on the bank, Wire is recommended , even if it goes in review , approval process is within minutes or hours. If its ACH once the review process misses the daily cutoff time . It will be postponed another business day

Sam
Subs@pathwayfunding.com