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07-12-2019, 11:21 AM #1
Reputation points: 7706
- Join Date
- May 2019
- Posts
- 60
$90 per month to monitor accounts and not pull an ach when they go negative etc probably saves merchant's more than $90 per month in NSF Fees (on average).
On top of that-- If merchant's know their accounts are being monitored it'll probably help them in the long rung.
Less likely to blow 5k in a casino over the weekend or take dumb 30 day deals-- or at least feel like the people who funded them know what's going on with their lives.
People seem to consistently forget that even your best merchants (with a few exceptions) are not the most responsible with their cash. That's why we all auto pull frequently to begin with!
For the most part I think it's safe to say that it's not the Funders causing the majority of the problems in this industry.
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