I don't remember posting that. Might have beens someone else. I have heard of losing rights to all your renewals if you don't send in deals for 90 days. What's the point of being an Independent Sales Office at that point if you are not really building something up independently? If all your future income hinges on the condition that you continue to do business with that company, then you're basically an employee of that company.

There are funders in this industry that think they control and own the merchants they fund even if it comes from an ISO. They go out and raise capital based on this value. At the same time, the ISOs think they control and own the merchants they acquire and the funder just happens to be a third party taking liability on the advance.

Just wait until one of these big funders gets sold or goes public. One of these parties will be in for a rude awakening.