Top Eleven Reasons to have a ModernAuthorize account.

Daily Payments

ModernAuthorize pays daily and with no hold back. Third-party gateways typically deposit funds into your merchant account twice per month. This is because the gateway stands as a guarantor between you and the real merchant account provider. The practical effect of this relationship is that third-party gateways frequently do not make the vendors aware of chargebacks until it is too late for them to do anything about it. Typically, there is no appeals process at all. Therefore, instead of getting funds throughout the month as they clear the banking system, you get lump sums infrequently.

When a third-party gateway does finally get arround to paying you, they typically have what is called a "holdback." Holdbacks can be for as much as 5% of the total amount dispursed. They hold this amount to protect against chargebacks and fraud. They can hold these funds for extended periods of time and they are not prominently noted in any of the promotional literature for these accounts. Our accounts do not have holdbacks.