Funder Not Paying
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  1. #1
    Senior Member Reputation points: 70961
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    Quote Originally Posted by MCABRuno View Post
    Funder not paying saying they need a MTD from the merchant when the deal funded over 2 weeks ago. Merchant changed password for them to access his bank account but is consistently paying and plans to pay full balance early.
    I am not defending the funder but did you just start funding deals with them? The reason they are asking for a month to date is to make sure you didn't double fund them.

  2. #2
    Banned Reputation points: 179851
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    Quote Originally Posted by freeprocessing View Post
    I am not defending the funder but did you just start funding deals with them? The reason they are asking for a month to date is to make sure you didn't double fund them.
    When are they supposed to pay though, some funders pay after 10 cleared payments, they may have not seen the 10th clear yet and are willing to send out commission without the 10th payment clearing....they just want to see they will clear in the month to date

  3. #3
    Senior Member Reputation points: 70961
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    Quote Originally Posted by ryan $ View Post
    When are they supposed to pay though, some funders pay after 10 cleared payments, they may have not seen the 10th clear yet and are willing to send out commission without the 10th payment clearing....they just want to see they will clear in the month to date
    This sounds highly unlikely.

  4. #4
    Strange..

  5. #5
    Quote Originally Posted by freeprocessing View Post
    I am not defending the funder but did you just start funding deals with them? The reason they are asking for a month to date is to make sure you didn't double fund them.
    Newly funding with them, did not double fund them. The merchant is fed up with asking for stips and relationship with him is already hurt for trying to ask for that. Don't want to name drop the funder as we hope to resolve the issue with them and continue funding, but it is definitely an inconvenience.

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