Fiscal Sponsor Organizations

Hi Oliver. We have been seeing a long lag between the time when we initiate a batch transfer and when we receive the funds. We currently are at 20 days and counting on the most recent transfer request. We’ve waited over a month in the past.

@Stuart Hee Unfortunately, I can relate. Thank you for responding!

Hi, Oliver. Thanks for asking this question. We’ve had to wait up to 60 days to get a transfer and then we only got it because I sent an email complaining. They have twice told me that they are experiencing a delay with their merchant account but I would think they would have resolved that by now. I was beginning to worry about solvency…..

Update: we recently spoke with the current CEO of Flipcause. This is what we learned:


- The former CEO changed their banking/payment provider. this provider (for some inexplicable reason) caps daily payouts at $100K. not $100K of payouts for each client on the platform, $100K that Flipcause can send out in the aggregate to all of their clients on a daily basis!


- Flipcause has not been able to fix this because it was a deal signed/entered into by the former CEO and somehow they cannot make changes without the former CEO’s signature who seems to be MIA at the moment.

This is both good news and bad news. Good news: Flipcause is solvent- that’s what they really wanted us to understand.

Bad news: they’re still uncertain on timing for fixing this.

Bad news: clients should not be left guessing/wondering/frustrated. they should be communicating more often and more clearly. this causes frustration and trust issues.

If you are on the Flipcause platform, double check that your requests for transfer of funds have been honored. Reach out and make your voice heard, if not.