But now with logging into the bank account to verify, this type of fraud is always discovered.
This is an interesting point, but I'm not sure how prevalent it is these days. What percentage of funders out there require a merchant's bank account login and password before funding??
Last edited by Capital Stack; 10-22-2013 at 05:35 PM.
Our system does it on an automated basis, daily. Helps drastically in dealing with these situations.
Originally Posted by Gini Co
This is an interesting point, but I'm not sure how prevalent it is these days. What percentage of funders out there require a merchant's bank account login and password before funding??
This is an interesting point, but I'm not sure how prevalent it is these days. What percentage of funders out there require a merchant's bank account login and password before funding??
You shouldn't need their login and password. You should be able to present the merchant with an online dashboard to enter that stuff in on their own and by doing so, grant you access to their data.