Payment Overpulls
Need a Funder or Vendor? START HERE

Results 1 to 25 of 53

Hybrid View

  1. #1
    Senior Member Reputation points: 10944
    Join Date
    Oct 2013
    Location
    New York, NY
    Posts
    1,203

    Diamond, do you know what payment processors that have the least amount of delay?

  2. #2
    Senior Member Reputation points: 52185 ADiamond's Avatar
    Join Date
    Apr 2014
    Location
    New York City
    Posts
    891

    Quote Originally Posted by AndyYSCISOdept View Post
    Diamond, do you know what payment processors that have the least amount of delay?
    to be honest with you I don't know specifically.. i recommended ours to another guy a few weeks ago and they told him they are currently not signing on any more MCA companies (supposedly a temporary hold and I don't know the reasoning) but if you would like I will follow up with them to see if this is still the case and refer you.
    Anthony Diamond
    Underwriter

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by ADiamond View Post
    to be honest with you I don't know specifically.. i recommended ours to another guy a few weeks ago and they told him they are currently not signing on any more MCA companies (supposedly a temporary hold and I don't know the reasoning) but if you would like I will follow up with them to see if this is still the case and refer you.
    you don't know the reasoning? It is because of too many complaints of over collection and also debiting unauthorized accounts.

    these kids keep thinking they can just do what they want, when they want. Sooner or later the grown ups have to come in and start scolding.

  4. #4
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Quote Originally Posted by Chambo View Post
    you don't know the reasoning? It is because of too many complaints of over collection and also debiting unauthorized accounts.

    these kids keep thinking they can just do what they want, when they want. Sooner or later the grown ups have to come in and start scolding.
    You guys are taking merchants for idiots and they are Not. In rare cases if a merchant is over collected its returned and if its under collected it goes to collections.
    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

  5. #5
    Senior Member Reputation points: 23718
    Join Date
    Jul 2014
    Posts
    1,746

    Quote Originally Posted by mcaguru View Post
    You guys are taking merchants for idiots and they are Not. In rare cases if a merchant is over collected its returned and if its under collected it goes to collections.
    Over-collection is NOT rare.

  6. #6
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Quote Originally Posted by FUNd View Post
    Over-collection is NOT rare.
    I am sure with car payments and reoccurring payment industry these things happen BUT its never the MODEL to over-collect. The real scamming is the tens of millions being generated by credit score re sellers that charge $9 bucks from consumers and then in fine print they have the rights to keep collecting for ever until you stop and wait on hold all that are done to innocent consumers and every watch dog group is aware and the games go on.
    Last edited by mcaguru; 04-26-2016 at 11:32 AM.
    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

  7. #7
    Senior Member Reputation points: 23718
    Join Date
    Jul 2014
    Posts
    1,746

    Quote Originally Posted by mcaguru View Post
    I am sure with car payments and reoccurring payment industry these things happen BUT its never the MODEL to over-collect. .
    How can you possibly speak intelligently as to what goes on behind the scenes at lending houses you don't even know?

Similar Threads

  1. Second mortgage payment
    By Joel R. Miller in forum Financial Services
    Replies: 2
    Last Post: 03-10-2016, 01:42 AM
  2. CBD Payment Processing
    By AVP Solutions in forum Payment Processing
    Replies: 0
    Last Post: 06-26-2015, 11:12 AM
  3. Need down payment!!!!
    By kjax in forum All Other Lending
    Replies: 11
    Last Post: 03-26-2015, 07:33 AM
  4. Monthly Payment
    By johnnycash in forum Deal Bin
    Replies: 3
    Last Post: 01-22-2015, 09:16 PM
  5. Fixed Lockbox Payment
    By Scott Williams in forum Merchant Cash Advance
    Replies: 12
    Last Post: 12-06-2012, 02:40 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY