Results 1 to 16 of 16
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01-11-2018, 12:54 PM #1
- Join Date
- Jun 2017
- Posts
- 16
What do you think? (up to 20 points commission)
I will have all my previous posts taken down.
I wanted everyone to be aware of a new strategy ML has created for our old & new ISOs.
This has been made for rare occasions on files that would normally be declined through us. We will do our best in approving all your files.
If you have further interest in understanding, please email me.
Thank You.
Jayson@mlfactors.comLast edited by JaysonML; 01-11-2018 at 03:56 PM.
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01-11-2018, 01:11 PM #2
1.55 buy rate..?
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01-11-2018, 01:14 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
ISO doesn’t get a commission until the advance is paid back? Is that the entire commission or just part?
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01-11-2018, 01:36 PM #4
- Join Date
- Apr 2015
- Location
- TEXAS
- Posts
- 29
This is a joke lol ?
You are essentially syndicating the commission on the deal upfront
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01-11-2018, 01:58 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
This only works if you pay most of the commission upfront and a smaller amount upon paid in full.
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01-11-2018, 02:01 PM #6
- Join Date
- Jun 2017
- Posts
- 16
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Last edited by JaysonML; 01-11-2018 at 03:48 PM.
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01-11-2018, 02:03 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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01-11-2018, 02:05 PM #8
- Join Date
- Apr 2015
- Location
- TEXAS
- Posts
- 29
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01-11-2018, 02:07 PM #9
- Join Date
- Jun 2017
- Posts
- 16
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Last edited by JaysonML; 01-11-2018 at 03:48 PM.
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01-11-2018, 02:54 PM #10
- Join Date
- Jan 2016
- Posts
- 435
What do you mean by "tough to get an approval"
10+ nsf's/mo, late on child support, past defaults with balances etc? Like that other guys said no one would even entertain that unless you are funding deals literally NO ONE else will. Appreciate the clarification in advance.
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01-11-2018, 03:22 PM #11
- Join Date
- Jun 2017
- Posts
- 16
....
Last edited by JaysonML; 01-11-2018 at 03:48 PM. Reason: Please email me for more information at Jayson@mlfactors.com
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01-11-2018, 03:26 PM #12
- Join Date
- Jan 2016
- Posts
- 435
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01-11-2018, 03:39 PM #13
- Join Date
- Jun 2017
- Posts
- 16
All files are different.
A "tough" file can be distinguished for many reasons in receiving an approval. A merchant can have great balances but Derogatory Credit.
That is one of many examples. I must note that this is a rare occasion. I wanted everyone to be aware of this process so we all can be on the same page.
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01-11-2018, 03:57 PM #14
- Join Date
- Jun 2017
- Posts
- 2,049
I would say bad credit and good balances is fundable somewhere else that will pay comission upfront.
You need to be saying....basically.... if merchant has bad credit, judgements, tax liens, neg day issues, criminal history..... then this fits
Otherwise theres really no reason.....
AND correct me if im wrong but ML Factors doesnt take 1 st Position....so your already going behind someone who underwrote and funded.....
I just dont see where this program will be effective
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01-11-2018, 04:20 PM #15
- Join Date
- Jun 2017
- Posts
- 16
On rare occasions, depending on the file, we will consider to approve a merchant as a first position but we will not offer max terms.
We would have to build a relationship with that merchant to provide max terms the next time around.
I believe the program is something that could work out, but only when it makes sense.
"if merchant has bad credit, judgments, tax liens, neg day issues, criminal history..... then this fits"
Correct. All these except for judgments can work.
"I just dont see where this program will be effective"
If you have a file that you believe should be funded, send it over and I'll make sure to give you our best approval. This was made to help merchants who are going through a tough situation.
I understand how this can lose your incentive, but this is only because of the higher risk.
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01-11-2018, 05:13 PM #16
- Join Date
- Aug 2016
- Posts
- 831
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