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07-12-2016, 03:40 PM #1
- Join Date
- Apr 2015
- Posts
- 159
Do not deal with happy rock
We do about $750k-$1m in MCA (ach/cc) brokering and have never seen a **** show like Happy Rock.
If you want to provide a good service to your clients, steer clear of Happy Rock.
FACTS of a recent deal:
- Happy Rock makes an offer.
- Client signs in a timely fashion.
- Client redirects CC Processors to pay Happy Rock's lockbox, as required.
- Happy Rock starts collecting CC receipts.
- 96 hours later, Happy Rock has not funded the deal.
- Credit committee comes back on day 5, kills the deal.
- Happy Rock collected 8% of daily deposits, strangle holding client's cash flow
No words can describe just how awful this was for the client.
STAY AWAY FROM HAPPY ROCK.
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