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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Funder Mark View Post
    I was always told that it is due to the lag time between when an ACH is pulled, and when it is received. So if the last payment for a client is pulled on Monday, it will not show up until let's say Wednesday, and the funder does not want to stop the payments until Wednesday, when the last ACH is actually received.
    That is only true about 30% of the time. Other times, it is due to sheer laziness

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    Quote Originally Posted by Chambo View Post
    That is only true about 30% of the time. Other times, it is due to sheer laziness
    Also very true

    Quote Originally Posted by Funder Mark View Post
    I was always told that it is due to the lag time between when an ACH is pulled, and when it is received. So if the last payment for a client is pulled on Monday, it will not show up until let's say Wednesday, and the funder does not want to stop the payments until Wednesday, when the last ACH is actually received.
    I hear that also. Every bank has its own issues
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
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    Email: john@horizonfundinggroup.com

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