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?