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.
Was also given this excuse with one or two particular funders. Horrible practice, and looks horrible on the broker who sold the deal.

Customer pays off an account 1.45+, under 5 months, with 8% in fees - shouldn't be overcharged as well to offset a potential bounced payment. Charge the amount you're supposed to - if it bounces, inform the merchant and run the charge again.