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02-26-2016, 01:35 PM #1
Yes if the second position was given by one of the responsible stackers.. Generally thats not the case. Usually someone who come in blows the holdback % out of the water 20%-25%+ and put the merchant in a position they cant handle.. Most banks will still refi the first position if the second given was given resposible and the bank account is not suffering for it. My my experience this is usually not the case
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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02-26-2016, 02:11 PM #2
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
I can write a book on the subject of merchants out smarting there obligations for example having signs on the registers that terminals not working
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-26-2016, 02:14 PM #3
Reputation points: 10944
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
I used to love my merchants from Seattle because Id send my father to their business' to do "after funding site inspections" (covertly of course) and I kid you not one lady told my father their CC machine wasn't working then brought out a square plugin for her iphone to avoid the split...My father got this on video by telling her how cool it was yada yada and needless to say the merchant and I had words.
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