FAS's New Credit card Program - REO Property Preservation Forum
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post #1 of 11 (permalink) Old 02-06-2013, 09:37 AM Thread Starter
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FAS's New Credit card Program

Wait till you get a call from BOA for signing up for their merchant program wanting to know if you take credit cards. I WOULDN'T go there. It allows them to SIPHON off another 3% off the workorders if they are using the type of credit card that lets them rack up "points"! The merchant (YOU AND I) will have to pay the points to the consumer (FAS) FUNK NO. if they can't figure out how to financially run their company without bleeding the, already on deaths door vendors to death, it is not the vendors problem. JUST SAY NO
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post #2 of 11 (permalink) Old 02-06-2013, 10:28 AM
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And the 2$ charge per work order.......
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post #3 of 11 (permalink) Old 02-06-2013, 11:20 AM
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What WILL they think of next...
I have been saying for the past three years that the Nationals are nothing but an extension of the banks....

Just sayin'

Hey does that make me a profit?????

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post #4 of 11 (permalink) Old 02-06-2013, 11:52 AM
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And the 2$ charge per work order.......

can we do a chargeback for bad verbage or unclear notes then wait 60 to 120 days prior to paying ? or can we take it wait sixty days memo back saying sorry we only pay .50 cents take it or leave it
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post #5 of 11 (permalink) Old 02-07-2013, 09:30 AM
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can we do a chargeback for bad verbage or unclear notes then wait 60 to 120 days prior to paying ? or can we take it wait sixty days memo back saying sorry we only pay .50 cents take it or leave it
Why not one of the elements of a contract is "Mutuallity" of agreement...
When negotiating a contract or any element of a contract you can always counter the "offer"...perhaps that is what everyone needs to start doing...

In our contract video series on FB we have started to break down how to insert clauses for YOUR company...also we have started working on writting a contract that is FAIR to both sides and not jusr one sided....slow process but something in the works and something that we are asking everyone to submitt ideas and thought on.....

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post #6 of 11 (permalink) Old 02-12-2013, 09:53 PM Thread Starter
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Wast old that on their website of FAQ's there is NOT going to be any charge backs blah blah blah . DO DIRECT DEPOSIT THEN . Does not cost us anything to set up and we dont get hit with the merchant end of things @2.8% for the (conveinence)?? They do troll here anbecause this vendor said the post above was addressed point by point. DIERECT DEPOSIT Win WIn
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post #7 of 11 (permalink) Old 02-12-2013, 10:26 PM
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"can we do a chargeback for bad verbage or unclear notes then wait 60 to 120 days prior to paying"

You can do anything you want... you are an independant contractor aren't you...now whether they choose to play with you is a different story.
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post #8 of 11 (permalink) Old 02-13-2013, 07:20 AM
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About 10 years ago we did some outside work for a local Housing Authority. They had a new program at that time for the Section 8 Landlords. In order to "better service the landlord and ease payment processing in their accounting dept" they sent out addendums to sign allowing the HA to make direct deposit of the monthly rent checks into the LL bank accounts. Sounded good until you read the fine print that allowed them to also retroactively deduct or abate payments from your account if the properties fell into non compliance, regardless of whether the landlord or the tenant was at fault. More fingers around your wallet that are not yours.
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post #9 of 11 (permalink) Old 02-13-2013, 07:33 AM
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About 10 years ago we did some outside work for a local Housing Authority. They had a new program at that time for the Section 8 Landlords. In order to "better service the landlord and ease payment processing in their accounting dept" they sent out addendums to sign allowing the HA to make direct deposit of the monthly rent checks into the LL bank accounts. Sounded good until you read the fine print that allowed them to also retroactively deduct or abate payments from your account if the properties fell into non compliance, regardless of whether the landlord or the tenant was at fault. More fingers around your wallet that are not yours.
They dont offer direct deposit here, I guess thats a good thing...
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post #10 of 11 (permalink) Old 02-13-2013, 07:42 AM
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Freaketta and her 8 kids kick holes in every wall in the house and piss on the carpets and the HA put the responsibility on the LL to repair/replace within 30 days or they would start pulling payments, since the gubmint subsidized tenant didn't have the funds (or a job they bothered to report). Same with credit card processing; be careful who you hop into bed with.
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