Ok, so, first of all, I want to say I have been doing shops for them for about 2 years now. When I first started payments normally came in between the 10-13th of the month. Then my payments have came later and later during the month. This is the first month that the 25th has come and gone and still no payment. I think Markerforce has too many contracts to just go belly up. However, their financial management for the last year basically, excuse my french su--ks. Other companies that do the volume that MF does pay twice a month on a regular schedule. Janice of MCX does a fabulous job and always helps me with my invoices and I always get paid on the 15th and the last day of the month. TS pays on the 6th and the 21st like clockwork. Both of these companies adjust accordingly for weekends and holidays and send notices when something deviates from expectations.
The fact that several of you have received some money for June and none for May tells me that something that embarrasses them happened with the May accounting. First, they are keeping the issue confidential, this implies that it embarrasses them. Secondly, the fact that they paid early for some June shop and not for May tells me that something happened to May's payment. There are several possibilities as I see it. One, there could have been some sort of data disruption that is causing everyone to have to go back and manually recompute the May payroll. This can be from a data loss or a computer glitch. This does not imply that the company is folding, but the issue only involves May's payroll. Therefore it's easier to pay for a few June shops while they tried to put records back together to figure out exactly what is owed each individual for May. The second possibility is much scarier, and I sincerely hope this is not what happened. That possibility is that someone put a virus into their computer system and had all the direct deposits rerouted to an offshore account or an executive embezzled the funds thus deviating the month's payroll to another account. Again, I hope nothing as financially devasting as that happened as it could financially affect the company as a whole.
I think personally that this company needs to update its payroll policy and procedures. They need to come up with a set date for everyone's checks to be deposited and no matter when that individual's payroll was done being processed it does not go into their account until everyone's is done being processed and on a set date. For example, Alta360 pays everybody on the last day of the month, regardless of when they are done completing their payroll. This would prevent the HelpDesk from being bombarded every month would give everyone stability. Let's face it that's all we want stability and dependability.
Unfortunately, if you have a tenant renting your property and at first their rent comes on time every month, then gradually later and later this is a very bad sign and almost always ends in eviction.
Edited 1 time(s). Last edit at 06/25/2019 10:43PM by F and L TeleComm.