Results 1 to 4 of 4
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04-09-2015, 03:56 PM #1
who splits with elavon
I have an several approvals on a deal and elavon doesn't split with these lenders . Nor will they lockbox .... who can help
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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04-09-2015, 05:28 PM #2
How can any processor NOT accept a lockbox? It's a voided check? Nothing stops a merchant from changing bank accounts
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04-09-2015, 05:48 PM #3
who splits with elavon
I've had this happen before with other processors I don't know why they don't allow it other than the fact they might want to try to get the business for themselves, but Retail and Snap tried to set up lock boxes they wouldn't allow it
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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04-10-2015, 07:33 AM #4
- Join Date
- Jan 2013
- Location
- Berlin, CT
- Posts
- 191
who splits with elavon
Some processors don't like lockbox because they have a hard time collecting their monthly fees if the minimum balance isn't set correctly. The one day delay can also cause cash flow issues for the merchant and that one day delay makes the processor look bad. They're the one that would field all of those customer service calls if the merchant thinks it's their fault.
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