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  1. #1

    Who actually (honestly) pays the ISO the day merchant is funded?

    Thanks. But be careful. When you break your word the forum will hear about it.
    Last edited by Moneyformerchant; 06-27-2015 at 02:06 PM.

  2. #2
    One Word - LENDINI. Call and ask for Eddie and Nick. Very simple process. Deal funds at 1PM, expect commissions to hit your office bank account within an hour, then your boss will pay you! Kudos to Nick and Eddie at Lendini!

  3. #3
    I can say that Eddie from Lendini , absolutely pay , no drama , no BS , they wire when funding also which is pretty on POINT .. I have zero affiliation with them , other than ISO / Funder but have submitted 8 deals 5 funded , 3 declined and all 5 I was paid exactly what was promised .
    They are a B. C paper shop , they are a 2nd or position shop they have their act together and in the past few months all has come to pass.
    Last edited by c4get; 06-27-2015 at 06:16 PM. Reason: spellcheck

  4. #4
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Who actually (honestly) pays the ISO the day merchant is funded?

    Agreed- Lendini Rocks!
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  5. #5

    Power Team

    Yes Eddie and Nick are a Power team and that is why that company is and will be #1 Lender in the country. They treat their ISO's well

  6. #6
    ISO's are wired their commission as soon as the deal is funded. No lag time.

  7. #7
    We wire the funding to the merchant's account and the ISO's commission simultaneously.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

  8. #8
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Obviously nobody wants to wait to get paid on deals, that said most funders pay within 1-3 days. I am just wondering is it really that important to get the money same day as funding. Does this play a big role in the banks you choose to work with? Is 1-3 days too long to wait?
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  9. #9
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by J.Celifarco View Post
    Obviously nobody wants to wait to get paid on deals, that said most funders pay within 1-3 days. I am just wondering is it really that important to get the money same day as funding. Does this play a big role in the banks you choose to work with? Is 1-3 days too long to wait?
    when you are a one man shop and you are counting on the commission to pay rent?

  10. #10
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    Quote Originally Posted by Chambo View Post
    when you are a one man shop and you are counting on the commission to pay rent?
    Is my webcam on?

  11. #11
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Quote Originally Posted by Chambo View Post
    when you are a one man shop and you are counting on the commission to pay rent?
    I get that, but if 1-3 days is too long to wait for a commission your problem is not that the bank isn't paying fast enough, the problem is you need to do more deals
    Last edited by J.Celifarco; 06-29-2015 at 03:46 PM.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  12. #12
    Senior Member Reputation points: 99210 ridextreme's Avatar
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    Quote Originally Posted by J.Celifarco View Post
    I get that, but if 1-3 days is too long to wait for a commission your problem isn't that the bankvisn't paying fast enough, the problem is you need a job
    fixed your post

    I would rather wait a week for commissions if it means the funder will get the majority of my deals approved with minimal stips and surprises and one who I have a good relationship with rather than only shop around for a funding source who pays the same day. That is on the bottom of my priority list.

  13. #13
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Quote Originally Posted by ridextreme View Post
    fixed your post

    I would rather wait a week for commissions if it means the funder will get the majority of my deals approved with minimal stips and surprises and one who I have a good relationship with rather than only shop around for a funding source who pays the same day. That is on the bottom of my priority list.
    agreed, its a nice bonus if a bank pays same day but on the list of priorities when looking at a new bank I put that near the bottom
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  14. #14
    We pay our iso as soon as the deal is funded as well
    we are direct lenders, always looking to cultivate new iso relationships .....
    Last edited by wallstreetgirl; 07-02-2015 at 08:32 PM.

  15. #15
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    Quote Originally Posted by MCAFunds View Post
    One Word - LENDINI. Call and ask for Eddie and Nick. Very simple process. Deal funds at 1PM, expect commissions to hit your office bank account within an hour, then your boss will pay you! Kudos to Nick and Eddie at Lendini!
    Lendini is not a word, it's a cocktail. No, wait...

  16. #16
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by FUNd View Post
    Lendini is not a word, it's a cocktail. No, wait...
    Lendini, shaken, not stirred

  17. #17
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    Greenbox, Factor Funding, Snap (or close to it). Lots of people do. Total Merchant Services, which uses CAN, takes upto 7 weeks depending on what time of the month it funds. Total **** show.

  18. #18
    Our ISO's receive commission the next business day following a funding.

  19. #19
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    Quote Originally Posted by skideeppow View Post
    Greenbox, Factor Funding, Snap (or close to it). Lots of people do. Total Merchant Services, which uses CAN, takes upto 7 weeks depending on what time of the month it funds. Total **** show.
    Not sure if your referring to TMS or CAN, but CAN def does not take 7 weeks to pay. CAN always pays on the following friday after the deal funds. So if TMS is working with CAN, they are just sitting on the money.

  20. #20
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    Quote Originally Posted by Moneyformerchant View Post
    Thanks. But be careful. When you break your word the forum will hear about it.
    National Funding, Quarter Spot pay the ISO as soon as the merchant receives their funds.

  21. #21
    Same day my friend!!!!

  22. #22
    Senior Member Reputation points: 99210 ridextreme's Avatar
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    Quote Originally Posted by Joe Dough View Post
    Same day my friend!!!!
    what is the name of your company?

  23. #23
    Member Reputation points: 20 LR@CRS's Avatar
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    We wire the merchant and ACH the ISO at the same time. Merchant get his funds today, and ISO has the commission $$ in their designated bank account on the next business morning. We have good buy rates and get you timely responses to your applications. Contact me directly if you would like to discuss our programs further.

    Regards,

    Louis Rubin
    Regional Sales Manager
    4890 Alpha Road l Suite 200
    Dallas, TX 75244
    866-962-4922 toll free
    214-216-0230 direct
    214-420-5100 fax
    www.caprockservices.com
    An Express Working Capital LLC Company

  24. #24
    Sponsor Reputation points: 126 freddy's Avatar
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    Business Credit and Capital has been paying the ISO's simultaneously for the past 6 years. Our ISO's are our bread and butter - we never forget that.
    Freddy Zalta
    President
    Cash Crunch Advance, LLC
    Direct 1-888-275-1090
    freddy@cashcrunchadvance.com

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