[Yankeeman07]

Do you even fund bro?
If a merchant has NSF/Overdraft Issues, how would a split or lockbox eliminate them? This is the biggest bonehead comment Ive ever seen you make (and its you - so that says a lot)

It is simple logical thinking, if a merchant has NSF/Overdraft Issues, and you put him in a split, what happens? LESS money gets to that very same bank account with the issues and therfore does what? Survey says? CAUSES MORE ISSUES (Number 1 Answer)

Yea the Lender gets paid, but what happens when they close his account for bouncing **** left and right? Or he goes out of business? What happens to your Magical Lockbox then?

A Lockbox isnt a Magic Wand.

I'm not your bro ! What are you 25 years old?

Yes we fund. Numerous negative days is not the only factor in underwriting an account.
A funder (or at least the company I rep) looks at the complete file, TIB, Monthly Sales Volume,
Credit Score and almost the number 1 Factor - WHAT IS THE USAGE OF FUNDS!

Will the funding generate additional revenue and profit.

What occurs with a lock-box is that the funder (us) receives payments on-time without any risk
of ACH Reject Fees and the compounding of stacked late payments and fees.

We want the merchant to stay in business - it is not SOP to give funding to merchants
that are closing their doors.

BTW - you may not be old to enough to know this but the original MCA Product was a credit card split / lock-box.
My 1st exposure was via United Bank Card (1999?) when they partnered with Amer-Finance (Mike DeAngelo?) ( someone can check my
memory & history)

If you conduct a Google Keyword search for Merchant Cash Advance. most of your initial results will refer to an MCA
as a Credit Card Split.

**The original post was "Who is funding merchants who have several negative days per month" - Is several negative days 3 or 5 or 7, 15?
It was a general question, and I responded, yes, we can POSSIBLY fund that type of account.

Who the F** Asked you for you 1 cent opinion?

[TheUnderwritingProdigy]

I'm not your bro ! What are you 25 years old?

Yes we fund. Numerous negative days is not the only factor in underwriting an account.
A funder (or at least the company I rep) looks at the complete file, TIB, Monthly Sales Volume,
Credit Score and almost the number 1 Factor - WHAT IS THE USAGE OF FUNDS!

Will the funding generate additional revenue and profit.

What occurs with a lock-box is that the funder (us) receives payments on-time without any risk
of ACH Reject Fees and the compounding of stacked late payments and fees.

We want the merchant to stay in business - it is not SOP to give funding to merchants
that are closing their doors.

BTW - you may not be old to enough to know this but the original MCA Product was a credit card split / lock-box.
My 1st exposure was via United Bank Card (1999?) when they partnered with Amer-Finance (Mike DeAngelo?) ( someone can check my
memory & history)

If you conduct a Google Keyword search for Merchant Cash Advance. most of your initial results will refer to an MCA
as a Credit Card Split.

**The original post was "Who is funding merchants who have several negative days per month" - Is several negative days 3 or 5 or 7, 15?
It was a general question, and I responded, yes, we can POSSIBLY fund that type of account.

Who the F** Asked you for you 1 cent opinion?

Asking a merchant what their "usage of funds" has got to be a joke... It really doesn't matter what they say they're going to use the funds for because most of the time they're lying and after they receive the funds, there's nothing stopping them from just going on a vacation or buying themselves a new TV.

[mca2150]

Asking a merchant what their "usage of funds" has got to be a joke... It really doesn't matter what they say they're going to use the funds for because most of the time they're lying and after they receive the funds, there's nothing stopping them from just going on a vacation or buying themselves a new TV.

Agreed. I don't know any underwriters that take usage of funds seriously in MCA. You simply can't trust the merchant's word on it, and there's nothing anyone can do to stop them misusing the funds.

[J.Celifarco]

I'm not your bro ! What are you 25 years old?

Yes we fund. Numerous negative days is not the only factor in underwriting an account.
A funder (or at least the company I rep) looks at the complete file, TIB, Monthly Sales Volume,
Credit Score and almost the number 1 Factor - WHAT IS THE USAGE OF FUNDS!

Will the funding generate additional revenue and profit.

What occurs with a lock-box is that the funder (us) receives payments on-time without any risk
of ACH Reject Fees and the compounding of stacked late payments and fees.

We want the merchant to stay in business - it is not SOP to give funding to merchants
that are closing their doors.

BTW - you may not be old to enough to know this but the original MCA Product was a credit card split / lock-box.
My 1st exposure was via United Bank Card (1999?) when they partnered with Amer-Finance (Mike DeAngelo?) ( someone can check my
memory & history)

If you conduct a Google Keyword search for Merchant Cash Advance. most of your initial results will refer to an MCA
as a Credit Card Split.

**The original post was "Who is funding merchants who have several negative days per month" - Is several negative days 3 or 5 or 7, 15?
It was a general question, and I responded, yes, we can POSSIBLY fund that type of account.

Who the F** Asked you for you 1 cent opinion?

Split deals are made for people who have a few negative days in their account. I would think that is something anyone in this industry should know. This industry was built on split deals, if you don't know that then you have no idea what the MCA is or how it was built.

[ryan $]

Split deals are made for people who have a few negative days in their account. I would think that is something anyone in this industry should know. This industry was built on split deals, if you don't know that then you have no idea what the MCA is or how it was built.

Split deals were really made for everyone. Everyone who wanted $$$.
It was a world where only 1st Positions existed, renewed your Merchants and kept them for years.
Then ACH Product came out, YS, Pearl, Not really sure who did it first. It was just 1st and 2nds for a while.
Then sure enough....we get to now. Ive seen 18 Positions in One deal.

[J.Celifarco]

Split deals were really made for everyone. Everyone who wanted $$$.
It was a world where only 1st Positions existed, renewed your Merchants and kept them for years.
Then ACH Product came out, YS, Pearl, Not really sure who did it first. It was just 1st and 2nds for a while.
Then sure enough....we get to now. Ive seen 18 Positions in One deal.

I think First Funds was the first company to do ACH only deals but I could be wrong. I know @Sean Bash would remember if he sees this. I do know the first time I saw an ach deal I thought it was crazy, I think that was like 08 again could be wrong.

[FlexibleCapitalSolutions]

Split deals are made for people who have a few negative days in their account. I would think that is something anyone in this industry should know. This industry was built on split deals, if you don't know that then you have no idea what the MCA is or how it was built.

Here you go on your high horse again, no-one is as good or knowledgeable as you; in the amount of time that it took you to type that you could have gave the poor guy a brief summary. Maybe this is the reason the industry has a target in its back, because no-one is willing to teach and guide newbies on the right path so people have to do what they have to do. Come on John, you can do better than this. There has to be a day you can remember where you didn't know everything.

[ryan $]

I'm not your bro ! What are you 25 years old?

Yes we fund. Numerous negative days is not the only factor in underwriting an account.
A funder (or at least the company I rep) looks at the complete file, TIB, Monthly Sales Volume,
Credit Score and almost the number 1 Factor - WHAT IS THE USAGE OF FUNDS!

Will the funding generate additional revenue and profit.

What occurs with a lock-box is that the funder (us) receives payments on-time without any risk
of ACH Reject Fees and the compounding of stacked late payments and fees.

We want the merchant to stay in business - it is not SOP to give funding to merchants
that are closing their doors.

BTW - you may not be old to enough to know this but the original MCA Product was a credit card split / lock-box.
My 1st exposure was via United Bank Card (1999?) when they partnered with Amer-Finance (Mike DeAngelo?) ( someone can check my
memory & history)

If you conduct a Google Keyword search for Merchant Cash Advance. most of your initial results will refer to an MCA
as a Credit Card Split.

**The original post was "Who is funding merchants who have several negative days per month" - Is several negative days 3 or 5 or 7, 15?
It was a general question, and I responded, yes, we can POSSIBLY fund that type of account.

Who the F** Asked you for you 1 cent opinion?

I've been doing this for 16 Years Big Guy!
And its a forum, no one asks you to say all the dumb **** you do, so ill say whatever I want.

No one has ever asked to hear about your dumb GenieCash bull****, doesnt stop you.

[Yankeeman07]

I've been doing this for 16 Years Big Guy!
And its a forum, no one asks you to say all the dumb **** you do, so ill say whatever I want.

No one has ever asked to hear about your dumb GenieCash bull****, doesnt stop you.

I don't expect you to understand a Closed Loop Peer to Peer Payment Platform (which has a US Patent)
For people that know & understand that a business owner cannot legally accept credit card for a Federally Illegal Product,
our solution is a great answer.

For individuals that may want a little info on a Closed Loop Payment System - this article provides the groundwork:

https://www.coincenter.org/the-case-...ectronic-cash/

[ryan $]

BTW - you may not be old to enough to know this but the original MCA Product was a credit card split / lock-box.
My 1st exposure was via United Bank Card (1999?) when they partnered with Amer-Finance (Mike DeAngelo?) ( someone can check my
memory & history)

Don't You mean Ameri-Merchant?

Then there was American Finance Solutions..... I've literally never heard of Ameri-Finance

It seems Google hasn't either..... except a company doing Car Financing....

[ryan $]

Don't You mean Ameri-Merchant?

Then there was American Finance Solutions..... I've literally never heard of Ameri-Finance

It seems Google hasn't either..... except a company doing Car Financing....

And yea, I was right.
https://merchantcashadvanceblog.blog...rtnership.html