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  • gmarti29's Avatar
    Today, 03:06 PM
    Would you consider the merchant as a "slow pay" or in "default" while adjusting down their remit %? And would this affect their chances at renewal with you?
    4 replies | 204 view(s) |
  • XCUVUSincorporated's Avatar
    Today, 02:45 PM
    Hi we are a direct lender Xcuvus incorporated If interested please email recruiting@xcuvusinc.com
    12 replies | 274 view(s) |
  • bcallahan007's Avatar
    Today, 02:23 PM
    Been a follower of of dailyfunder for several years now, in the industry for 7 years working as a sales manager for a few years now out of ISO shop in SOCAL. This is also my first post to any forum. I can't speak to using Greenbox pre-covid (rarely used them)....but post-covid they have been great to work with. Thought I'd drop by this thread and give some love to Greenbox as they have been one of our primary Tier 2 partners along with Everest and Forward. Like others have mentioned, the relationship goes 2 ways. They, like others treat ISO's according to the paper being submitting, number of submissions, ease to work with, funded units and default rates. Things I love about them. - Quick turnaround times - Easy portal - Max upsell up to 15 - Ability to generate contracts with weekly payment, add additional .5 month, pre-pay, pick day of debit in portal - Minimal stips on most files - Will fund 1st position loans w/o payoff letter and hold approximation in escrow to be paid off once actual payoff letter received after already funding the DEAL. They will then release remaining amount to merchant if payoff is lower than calculated. This is HUUUUGE. - Always waive closing stips for us and can fund most deals under 50K with signed contracts and BV similar to Everest (Difference is Greenbox has been offering higher dollar amounts and has weekly options for qualified clients) - No backdoor issues - Will fund sub 500 credit Things I don't care for. - You rarely can get someone on the phone as everything done through portal. (This can be good to be able to track all correspondence but NOT GOOD when you need to wheel and deal with account rep to get a deal done in a competitive situation) Just my two cents. We have worked with well over 50 different funders in this space and are always looking to build on a few relationships rather than several. Less is more. PRIMARY TIER 2 LIST WE USE IN NO PARTICULAR ORDER: -Forward -Everest -Greenbox -Kalamata PRIME for larger deals
    99 replies | 9753 view(s) |
  • getitfunded's Avatar
    Today, 02:08 PM
    Tell him not to take a loan to invest, lol. That's why his money's in a trust.
    1 replies | 84 view(s) |
  • Sachip24's Avatar
    Today, 12:35 PM
    Sachip24 replied to a thread First Data in Merchant Cash Advance
    Clover system is cloud based. They can get new Clover with new processor and just upload everything from current Clover system. put them on the Cash Discount Program so they aren't paying any fees anymore, this seems to be a large account so the savings on processing fees alone will get you the deal. and then you can fund them and make monthly residual. email me I can refer you to credit card processing platform that will do this for you.
    7 replies | 368 view(s) |
  • freeprocessing's Avatar
    Today, 12:26 PM
    Whos doing reverses with money on top?
    0 replies | 39 view(s)
  • SKITTLES's Avatar
    Today, 12:12 PM
    Thanks for everyone's replies. Got an email back from Everest and they are not accepting new ISOs at this time.
    12 replies | 274 view(s) |
  • Fundkite Egor's Avatar
    Today, 11:51 AM
    The default reconciliation is monthly but the merchant will have the option for either weekly or daily.
    4 replies | 204 view(s) |
  • BB_Cooper's Avatar
    Today, 11:45 AM
    How does the reconciliation/split component work? Is it a monthly or weekly "true up", similar to what Pearl was try to do? Or?
    4 replies | 204 view(s) |
  • PattyKFunds's Avatar
    Today, 11:35 AM
    100% sure, funded 30k with ebf the other day
    12 replies | 274 view(s) |
  • CROSULTING's Avatar
    Today, 11:23 AM
    Yes, and they are now doing up to 13k 13 points.
    12 replies | 274 view(s) |
  • Fundkite Egor's Avatar
    Today, 10:48 AM
    Thank you for the vote of confidence Roger, If anyone has any questions about our new product or any pre-existing ones please feel free to shoot me an email or give me a call. Happy Friday everyone!
    4 replies | 204 view(s) |
  • Fetachini's Avatar
    Today, 10:35 AM
    I still see EBF and vader in recent statements.
    12 replies | 274 view(s) |
  • WCC_NYC's Avatar
    Today, 10:33 AM
    My rep Egor Gagarin got me on a video call with Fundkite yesterday pitching their new product. Seems to be a game changer when it comes to an MCA with the current COVID 19 landscape. From my understanding it acts similar to a Processing Split which they would underwrite the file under the new program guidelines. If the businesses are impacted in any way they would align their holdback percentage based on the businesses current revenue to prevent smothering a business when their revenue drops because of unforeseen circumstances that would occur due to COVID. Even though it has some similarities to reconciliation clauses, there seems to be a proactive approach and benefits for both the ISO and the merchant. One being that the merchant has peace of mind that they are not stuck with prior payment commitments when they are forced to close or limit the amount of customers they can do business with and for ISO's you are protecting your customer which leads to renewals. I would like to know your thoughts, My company provides an array of working capital options, our MCA book has been over 1M+ a month even through COVID. It seems to me if you can get them qualified through Fundkite , this actually may be one of the better MCA choices for certain papers. What are your thoughts?
    4 replies | 204 view(s)
  • mrmrg's Avatar
    Today, 10:21 AM
    You sure EBF and Vader are still up and running?
    12 replies | 274 view(s) |
  • FunYouMan's Avatar
    Today, 10:12 AM
    i would check in with the merchant if i were u...hearing stories
    12 replies | 274 view(s) |
  • Michael I's Avatar
    Today, 10:08 AM
    you are way better off emailing them to get a response
    12 replies | 274 view(s) |
  • RBcapital's Avatar
    Today, 10:03 AM
    Interested to see how this turns out
    15 replies | 493 view(s) |
  • Shorebird's Avatar
    Today, 10:03 AM
    Vader is up, I had a file approved and then declined in final uw recently.
    12 replies | 274 view(s) |
  • SFC's Avatar
    Today, 09:32 AM
    Wow 3,000 businesses funded since last year? Very impressive! Shocked I haven't seen you in any deals.
    12 replies | 274 view(s) |
  • mrmrg's Avatar
    Today, 09:26 AM
    Most likely out of biz if you can't get ahold of them bud.
    12 replies | 274 view(s) |
  • ClearFund's Avatar
    Today, 09:13 AM
    Hey, if you haven't funded this deal yet send us an email at deals@clearfund.co We specialize in snap funding micro deals from 2k-25k and we look at files doing 5k+ in monthly rev. Thanks.
    12 replies | 274 view(s) |
  • SKITTLES's Avatar
    Today, 01:14 AM
    I have a deal that may fit their niche. Anyone have a direct contact? It's VM when I call the main #. Thanks
    12 replies | 274 view(s)
  • Sean Cash's Avatar
    Today, 12:06 AM
    Right here: https://brokerfair.org/lists/150k_plus.csv
    2 replies | 519 view(s) |
  • LeadBurner's Avatar
    Yesterday, 11:08 PM
    Nice but where do I download the CSV?
    2 replies | 519 view(s) |
  • Iscibibi153's Avatar
    Yesterday, 10:43 PM
    Shana tova!
    0 replies | 83 view(s)
  • XCUVUSincorporated's Avatar
    Yesterday, 09:01 PM
    Yes, please send it to xcuvussubmissions@xcuvusinc.com We will send you an iso agreement.
    2 replies | 119 view(s) |
  • ClearFund's Avatar
    Yesterday, 08:46 PM
    Hey, Here at ClearFund we specialize in micro deals. Send us an email at deals@clearfund.co and we’ll take a look at it. Thanks.
    2 replies | 119 view(s) |
  • Forgiver's Avatar
    Yesterday, 07:46 PM
    Hey, I have a client with 12-16k deposits in the last 6 months. No advances. High risk file due to low revenue - low number of deposits. (retail store) Before I paint this file in blue and throw it to the sea, is there a high risk lender who likes small deals, and would like to waste 3 min on this file? Goodnight
    2 replies | 119 view(s)
  • hardrock's Avatar
    Yesterday, 07:41 PM
    I have someone who has a trust fund. He wants to use it as collateral to get a loan so he can invest in real estate. His mid-score is 690. He prefers a 10-year term with a 5-year balloon. However, he will take the best term/rate he can get. Who can help with this?
    1 replies | 84 view(s)
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