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07-11-2022, 02:42 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,903
A Merchant that accepts MCA Funding has an Attorney? Not in my experience.
The main purpose of a Check 21 is that is does not require any additional action by a Merchant.
IF you are charging a PSF that has already been approved by the merchant when he/she has signed the funding documents.
Yes, they could a wire or an ACH which takes 1 to 3 days - Check 21 is just another option.
Many business owners have never initiated a wire or an ACH - additional a business owner may have "Bill Pay"
but not ACH which with many banks is an additional service that they have to apply and obtain approval.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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