Results 1 to 14 of 14
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05-01-2016, 09:49 PM #1
- Join Date
- Apr 2013
- Posts
- 358
Custom Furniture - Why is it restrcited for Processing?
Can someone help me understand what the risk or drawback is for processors in approving specialty or custom furniture stores? Only reason I have received is that orders can sometimes take several weeks-- but I still don't understand the risk there. They are generally strong in volume, and my merchant in particular has extremely clean bank statements and healthy cashflow.
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05-01-2016, 10:04 PM #2
- Join Date
- Jul 2015
- Posts
- 58
Custom Furniture - Why is it restrcited for Processing?
Hi Ticket That's about it. One charge back for some disgruntled customer who ordered dark blue instead of light blue, may ***** about a month later. Somebody just got free furniture!
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05-02-2016, 10:08 AM #3
- Join Date
- Jun 2015
- Posts
- 3,322
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05-02-2016, 11:16 AM #4
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
The bigger concern is that anything that is custom made and paid for can be charged back if not up to the standards of what was expected.
Learned this the hard way back in 2009 - 2010
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05-02-2016, 03:58 PM #5
- Join Date
- Apr 2013
- Posts
- 358
Thanks, I did consider the high ticket/chargeback possibility. I would just expect that it has to be so frequent an occurrence for processors to have, by policy, a restriction on the whole industry. This merchant's banks are clean and chargebacks are for standard range, not necessarily high so far as custom furniture goes. I was meaning to talk to Vision but thanks for the Benchmark recommendation as well.
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05-02-2016, 05:17 PM #6
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05-10-2016, 12:06 PM #7
- Join Date
- Feb 2016
- Location
- New York City
- Posts
- 52
Hey Quickfunder. Any custom business is high risk, but we will consider them all. You can send the info to isosupport@swipebms.com and we will take a look at it.
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05-11-2016, 10:47 AM #8
- Join Date
- Aug 2014
- Location
- New York
- Posts
- 61
Custom Furniture - Why is it restrcited for Processing?
We board custom furniture, jewelry too. I just sent you a PM.
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05-11-2016, 12:28 PM #9
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05-11-2016, 01:50 PM #10
- Join Date
- Feb 2016
- Location
- New York City
- Posts
- 52
Thanks for your input Matthew. As I wrote above we will consider all deals which is different from we will Approve all deals. We have recently taken on some high risk accounts so feel free to try us out. You know how to reach us if you want to discuss in detail.
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06-23-2016, 10:42 PM #11
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 271
Custom Furniture - Why is it restrcited for Processing?
I can board this merchant. send info to sales@frasersfinancial.com
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06-24-2016, 12:55 PM #12
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06-24-2016, 01:05 PM #13
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Custom Furniture - Why is it restrcited for Processing?
Also harder to re-sell
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06-24-2016, 01:49 PM #14
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