[dave.kirk@vericheck.com]

Hello Funders and Brokers - As most of you know, ACHWorks has been partnering with Funders for years to process their ACH needs. We started with just doing the daily draws. Then we found how to pay the syndicate partners with credits, and now for a few years, many funders have been using us to fund deals by using Same Day ACH credits. We believe in ways to help.

One area we have not been able to help to this point, is in helping MCA brokers.

I am willing to listen to serious, grounded, professional brokers tell me how we could possibly help them, while being competitive in the market AND covering the risk in the Broker space.

Let me make this clear, should we ever initiate this service, the vetting would be strict. So, NO COWBOYS please

Anyone want to talk?

Dave Kirk
ACHWorks
National Sales Manager
dave.kirk@vericheck.com

[TopCapital]

all brokers need is a platform for PSFs
can you do that?

[diditevenfund]

all brokers need is a platform for PSFs
can you do that?

No, we all do not. Some of us see the value in renewals over a PSF.

[Fundholio]

No, we all do not. Some of us see the value in renewals over a PSF.

What else would a broker use an ACH processor for?

[J.Celifarco]

No, we all do not. Some of us see the value in renewals over a PSF.

what he said. Agree 100%

[diditevenfund]

What else would a broker use an ACH processor for?

Nothing? Dont see any reason a broker needs ACH processing.

[simonwein12]

The ISOS who focus on renewals make so much more money in the long run- The ones I have get special treatment.

[alexd12345]

No, we all do not. Some of us see the value in renewals over a PSF.

YESS! Our first three years in indurstry we did charge psf on fiels where funder allowed it( never more than 5%) and those files had a much much higher rate of not renewing with us/ default. We dont charge psf ever anymore. Thats where the moneys at

[diditevenfund]

YESS! Our first three years in indurstry we did charge psf on fiels where funder allowed it( never more than 5%) and those files had a much much higher rate of not renewing with us/ default. We dont charge psf ever anymore. Thats where the moneys at

Love it. Nothing beats funder auto renewals on 3-5 year old deals. Lol

[simonwein12]

YESS! Our first three years in indurstry we did charge psf on fiels where funder allowed it( never more than 5%) and those files had a much much higher rate of not renewing with us/ default. We dont charge psf ever anymore. Thats where the moneys at

I'm saving this comment lol to show to show to brokers who charge PSFS lol! I have had ISOS make hundreds of thousands on one deal thru renewals.

[dave.kirk@vericheck.com]

I love these comments - and the direction of the industry to go more toward relationships than solely transaction based. Continuing a relationship with a client is a far more effective way to do business. So, thank you all very much for the replies.

[JonathanHendrix]

Communication really is the secret to a successful marriage. You gotta realize that when Tyrone the one truck trucker takes your $3k micro fund. He really is in love with you and you have to work hard to keep that "Spark" alive in a marriage.
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Any more questions or concerns I will have to charge my service fee for therapeutic services.