[Yankeeman07]

My credit card split - we do not require any change to processor - our funding is the same day
as soon as funding call is completed.

A few differences between the products - as you stated in a previous post - you are returning to the roots of the MCA Business.
It should be well accepted by merchants.

[TheUnderwritingProdigy]

This seems like an absolute nightmare from a logistics standpoint. You would need countless staff to do a daily reconciliation and then you're getting banged out with even higher same-day ACH fees. On top of that, once a merchant realizes that they simply do not have to make a deposit in order to not pay or pay an extremely reduced payment, the abuse will run rampant.

On days that they make large deposits, and you come in and take the specified % they're going to throw an absolute fit when it's multiples of what they thought they had to pay.

I get the idea, and I'm sure merchants will when being sold, but logistically, it just doesn't make any sense IMO.

[DonMcGrath]

Well that nightmare is what would give fundkite the edge, IF, they’ve figure out how to automate those logistics issues.

[FundKite]

TheUnderwritingProdigy

It’s a nightmare for those that still use an Abacus to count. It’s a very seamless process for us.

[ryan $]

It seems that it would have to be on a 24 Hour delay....

IE all deposits from last 24 Hours affect todays Payment and so on....

All you have to do is monitor the accounts w/ Plaid or Dec Logic.

The Interesting thing I would want to know is the filtering, how do you determine true revenue. With a split its easy, every CC Transaction is True Revenue. Discerning revenue from lets say transfers, or other Non-Revenue deposits, that seems to me would be the most labor intensive, until youve run it for a year or so and have filters in place.

[Franklin]

It seems that it would have to be on a 24 Hour delay....

IE all deposits from last 24 Hours affect todays Payment and so on....

All you have to do is monitor the accounts w/ Plaid or Dec Logic.

The Interesting thing I would want to know is the filtering, how do you determine true revenue. With a split its easy, every CC Transaction is True Revenue. Discerning revenue from lets say transfers, or other Non-Revenue deposits, that seems to me would be the most labor intensive, until youve run it for a year or so and have filters in place.

Excellent point











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