High Approval Came with "Max Upsell" Restriction
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  1. #1
    Senior Member Reputation points: 1393
    Join Date
    Apr 2013
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    No concession was made. Fit their criteria and qualified for a preferred platform. The way I see it is that the bank wants the stellar deal but not at the expense of charging the merchant more money and paying a high amount out to the rep - given that whatever upsell there is, it goes to the rep. This is buyrate btw.

  2. #2
    Quote Originally Posted by Quickfunder View Post
    No concession was made. Fit their criteria and qualified for a preferred platform. The way I see it is that the bank wants the stellar deal but not at the expense of charging the merchant more money and paying a high amount out to the rep - given that whatever upsell there is, it goes to the rep. This is buyrate btw.
    Would making more than 5% bring the cost of funds up to where the payback would be taking more than X% of the merchants monthly gross which breaks the UW guidelines? Maybe that's why you were capped?

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