[ADiamond]

April 25, 2016 - Pending - Payment $303 - Balance $0 - payments halt until this payment clears then if necessary, it will reprocess or go to collections
April 22, 2016 - Pending - Payment $399 - Balance $303
April 21, 2016 - Pending - Payment $399 - Balance $702 - will clear the afternoon of April 25, 2016
April 20, 2016 - Settled - Payment $399 - Balance $1,101
April 19, 2016 - Settled - Payment $399 - Balance $1,500

The problem with this is HUGE...first, youre assuming a weekend....and if I stop the payments on the 25th and the 3-5 previous all don't clear, I have to wait 5 days to figure that out and then turn the debits back on and wait another 5 days for the first one to clear again and then to collect those 3-4 payments I would still end up with over collection

The biggest problem is the delay created by 3rd party ACH companies....If we could eliminate the delays then there would be no issue

actually, there is no problem with this - why would you pull more payments past the 25th? who are you to pull more payments than you told your merchants you would in your own contract? you need to see if they clear and if they dont then proceed accordingly. pulling extra payments then returning it is floating the merchant's money.

i think 5 days is a little exaggerated too.. especially for bigger companies doing millions and billions of transactions a year you would think they would have a solid ach processor - smaller companies like mine do a fraction of that and after 12pm every day i only have 2 pending payments from previous days, and the one due to pull tomorrow - no matter on what bank the merchant has.

and as far as a weekend is concerned, friday's payment clears by 12pm wednesday the following week.