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04-11-2016, 01:56 PM #1John 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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04-11-2016, 01:59 PM #2
Reputation points: 13
- Join Date
- May 2015
- Posts
- 18
Bank & J.Celifarco, thanks a lot!.. appreciate the feedback!
also many thanks to Sean for this great forum!
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09-01-2021, 02:58 PM #3
Reputation points: 3600
- Join Date
- Mar 2017
- Posts
- 32
One real danger in funding a merchant who is operating out o their personal account is covered in what we at ACHWorks posted the other day - It's Not Personal...It's Business. The NACHA regulations for consumer versus commercial checking accounts and debiting via ACH from those accounts is staggeringly different. You might be helped to do a quick read of that article to get the full picture. It will only take a couple of minutes but it will be worth it. here is the website www.achworks.com/news/
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09-01-2021, 04:00 PM #4
Reputation points: 13031
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- Jun 2014
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- 541
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09-02-2021, 07:15 AM #5
Reputation points: 3600
- Join Date
- Mar 2017
- Posts
- 32
BB Cooper
We have recently been successful in stopping that when we have the correctly worded Auth form and the debits were from a Commercial Account. When the Auth did not use the latest NACHA wording and the debits came from a consumer account it can still go that 90 day unwind just like you said. Man that would hurt in so many ways.
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