restaurant with low bank balances that never bounces
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  1. #1
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    If they keep their balances so thin...... what will happen when you add a daily payment????

  2. #2
    Senior Member Reputation points: 122949 BR-Nightmare's Avatar
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    Quote Originally Posted by ryan $ View Post
    If they keep their balances so thin...... what will happen when you add a daily payment????
    You just blew his mind, LOL
    The Brokers Nightmare
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  3. #3
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    Quote Originally Posted by ryan $ View Post
    If they keep their balances so thin...... what will happen when you add a daily payment????
    With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects.

    That is the purpose of a Lock-Box - Split Funding

    The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct
    Dave Lambert, Business Development
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  4. #4
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    Quote Originally Posted by Yankeeman07 View Post
    With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects.

    That is the purpose of a Lock-Box - Split Funding

    The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct

    If the daily comes off the top (ie a split), the balances in his bank still get lower, what happens when he goes negative and racks up NSF charges, and his bank account eventually gets closed....

  5. #5
    Quote Originally Posted by Yankeeman07 View Post
    With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects.

    That is the purpose of a Lock-Box - Split Funding

    The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct
    Yeah, until they open up another credit card processor and start funneling their sales through that terminal instead of yours.

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