That's my point. His explanation doesn't make sense to me. Merchant has no issues with the reasons you mentioned, and none that have been cited to me.

Quote Originally Posted by Zach View Post
There are a ton of variables in play here that could have caused the higher buy rates, including but not limited to:

1. Open Advances
2. FICO
3. NSF's
4. Time in Business
5. Average Bank Balances
6. Industry type & lender's portfolio performance with that industry

Your rep's explanation personally makes no sense to me... probably a new rep. I doubt an MCA vs a Loan would have such a drastic pricing difference simply due to the contract verbiage.