Results 1 to 7 of 7
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07-05-2016, 05:02 PM #1
- Join Date
- Dec 2013
- Posts
- 4,713
Amex enters the room!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-05-2016, 05:10 PM #2
- Join Date
- Sep 2014
- Posts
- 430
AmEx has been offering splits and daily ACH products for a while. Splits have been offered by them for about 3-4 years now. Their ACH product is newer, but probably at least a year old.
"Nobody can make you feel inferior without your consent." -Eleanor Roosevelt
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07-05-2016, 05:11 PM #3
There's nothing revolutionary about this new product. All it does is enable business owners to pay vendors with their Amex card to vendors that don't accept Amex.
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07-05-2016, 05:12 PM #4
I have seen both of Amex's advance programs before.. Depending on the bank some require to pay it off some with take it into account when determining the gross holdback on the deal
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-05-2016, 05:17 PM #5
they do a fixed daily ach I've seen them multiple times for a while. I've seen them just get burned on a $500k 2 months ago.
Anthony Diamond
Underwriter
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07-06-2016, 07:10 AM #6
- Join Date
- Sep 2014
- Posts
- 720
Amex enters the room!
Lol @ yesterday's Bloomberg interview and the valley girl AMEX rep. AMEX has been in the room for quite some time...
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07-06-2016, 01:11 PM #7
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
Keep in mind that they will not accept pay-off from third parties. Most merchants who have an existing balance don't realize this.
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