[Michael I]

It amazes me the amount of misinformation that is being posted. Lockboxes are bad for a merchant with numerous NSF Days?

Really? The purpose of a lockbox is to avoid ACH Requests Rejects, causing another NSF. A reserve for a Lockbox? Where did that information come from, why would you need a reserve? Changing Processors, some funders that are involved in the cc business may impose that condition, but not all.

Since I am heavily involved in the Credit Card Processing World, call me with any questions.

All lockboxes put a minimum reserve and put a one to 2 day delay on merchant receiving money.Have you ever done a lockbox?

[Yankeeman07]

All lockboxes put a minimum reserve and put a one to 2 day delay on merchant receiving money.Have you ever done a lockbox?

At least 2 The initial delay is about 2 days, but after the merchant is receiving funds everyday, assuming he does processing every business day. If there is zero processing, no payment is deducted.