[len@accfunding.com]

Did anyone else receive an email from EBF about revising their commission structure on renewals?

[Funder Mark]

If anyone wants to work with a strong Everest competitor who has no renewals department, allows 50% syndication, allows white labeling, has a 30 day exclusivity policy, and does upfront underwriting, reach out.

[NoBigDeal]

Curious to know why they changed their policy?

[fisheMS]

i've also noticed that almost all their "decline" notices don't really even state a reason anymore it just says "Everest is not interested in this file at this time."

[NoBigDeal]

i've also noticed that almost all their "decline" notices don't really even state a reason anymore it just says "Everest is not interested in this file at this time."

Could be the merchant defaulted

[funding pro]

I dont understand why an ISO would not modify an ISO agreement so that the funder cannot do this. Most agreements state that the funder can change "the program" and/or commissions with some notice. I always make the change in all my agreements to read that the funder can change payouts/rates on new deals with notice and cannot make any changes to "the program" and/or commissions for renewals. I also make sure to include language where if the merchant declines a renewal offer I can take that client somewhere else and pay off the original funder.

You need to think past the first deal and how much commission you are going to make before signing an agreement with any company.

[GoodCustomerService]

Post the email please