Results 1 to 9 of 9
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04-14-2021, 04:16 PM #1
- Join Date
- Dec 2016
- Posts
- 379
Just saw VitalCap fund a merchant via ONLINE BANKING TRANSFER
Couldn't figure out why VitalCap started debiting without a wire until I saw a large Online Banking Transfer 2 days prior from EMERALD GROUP HOLDINGS, LLC.
I ran a NY COURTS search and sure enough, EMERALD GROUP HOLDINGS, LLC is an MCA company (aka VitalCap) (found lots of COJ's).
Pretty strange as I've never seen any company fund a merchant with a simple Online Banking Transfer...
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04-14-2021, 04:27 PM #2
- Join Date
- Feb 2017
- Posts
- 3,396
Quikstone and TMR only send out ACH. I'm sure that there are more.
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04-14-2021, 05:09 PM #3
Why does the way they choose to fund and/or collect from a merchant bother you? Are you funding these merchants?
They probably send it that way because it is cheaper than you standard fare. Not everyone can get free ACH transfers from their bank
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04-14-2021, 07:04 PM #4
- Join Date
- Dec 2016
- Posts
- 379
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04-14-2021, 07:21 PM #5
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
Hello Sir!
We only fund a merchant via “ Simple Online Banking Transfer “ if that merchant uses the same bank as us, other than that we send wires. Nothing sketch here.
Reach out and I'll get you an ISO agreement and run through our guidelines with you.
ThanksJeff Pecori
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 Ext.101 | F. 646.219.7949
jeff@vitalcapfund.com
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04-14-2021, 07:36 PM #6
- Join Date
- Jul 2018
- Posts
- 54
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04-15-2021, 10:33 AM #7
- Join Date
- Nov 2018
- Posts
- 30
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04-15-2021, 10:46 AM #8If you know you know
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04-15-2021, 10:59 AM #9
I've never had any issues with Vital/Emerald/Greenpoint (whatever) & how they fund deals. Always been a pleasurable experience (when Elizabeth finally approves my deal!)
What I take from this is, you were looking to stack....so you now have choices. Stack the deal as you see fit, or walk away. Don't be mad because they got in there before you did
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