[ThePlan4You]

If I am providing a service for a merchant outside of an MCA and need to collect a PSF, how do I pull my fee from their bank account once I performed my services?

[Olderguy]

Sign up with a ACH company like goach or your local bank but they will typically want you to be in business for 2 years or more and may not do loan brokers. Have a one page signed fee agreement, and voided check. I have a sample fee agreement I can email you. I'm signed up with US Bank under their Singlepoint so there is no fee other than a small monthly amount. I rarely do it only for loans where the lender program won't pay me a fee like SBA 7A for inventory....and I always discuss it up front with the client first and get the agreement signed up front. I don't charge any PSF for any loans where the lender pays me but that's my choice. I realize a lot of brokers do both and that's their choice.

[Yankeeman07]

If I am providing a service for a merchant outside of an MCA and need to collect a PSF, how do I pull my fee from their bank account once I performed my services?

I have a Check 21/22 Virtual Terminal
A E-check is emailed to you within minutes for deposit
You can deposit into your Bank account via a Bank Teller, ATM or Mobile
Quick Account Activation
Contact me for complete details