[Michael I]

there are iso reps that are helpful in getting things done and ones that the whole job is just to complain about amount of business you sending and closing ratios and blah blah blah .

[skideeppow]

Three months later and these guys continue to amaze me at how bad they are. I am venting here, but i rarely see incompetence like i do at Greenbox.

I always say I will never send something there way again, but i just forget how bad the experience is.

[pcfunder]

Three months later and these guys continue to amaze me at how bad they are. I am venting here, but i rarely see incompetence like i do at Greenbox.

I always say I will never send something there way again, but i just forget how bad the experience is.

what happened? I have a love hate relationship with them

[skideeppow]

what happened? I have a love hate relationship with them

Where do i start? The comedy of errors in just unreal

[pcfunder]

Where do i start? The comedy of errors in just unreal

If possible, start at the end and then circle around to the beginning and try to have some really important meaningful lesson in the middle

[Michael I]

are you one of the fired green box iso reps they seem to only have a 6 month shelf life

[DTFdowntofund]

are you one of the fired green box iso reps they seem to only have a 6 month shelf life

Lol they wish. Greenbox isn't important enough to even talk about, I was merely making a generalized comment on the topic.

[FCF Fund]

are you one of the fired green box iso reps they seem to only have a 6 month shelf life

The shelf life is 50/50 due to being between poor performing reps and process / product that good reps know are noncompetitive. Its amazing to me that they are still in business for years, they must be doing something right if its not pissing off ISO's lol

Ill only do CAN deals there (less Stips), they are also cheaper on auto dealers if 1st position (max 6 month terms)

[Michael I]

The shelf life is 50/50 due to being between poor performing reps and process / product that good reps know are noncompetitive. Its amazing to me that they are still in business for years, they must be doing something right if its not pissing off ISO's lol

Ill only do CAN deals there (less Stips), they are also cheaper on auto dealers if 1st position (max 6 month terms)

yup they find ways of cutting people out of renewals so they can survive with out iso

[AllDayMoney]

Greenbox is Yellowstone

[Michael I]

Greenbox is Yellowstone

not at all dont confuse the different greens .

[davedamoneyman]

watch out for greenbox! They state on their contracts under 7 - additional terms note F - Termination Fee. A fee of 3% of the Purchased Amount will be charged at the culmination of
every purchase of Future Receivables in the event the Purchased Amount is not satisfied via a Greenbox renewal. (this means that unless a merchant renews with greenbox then they are allowed to charge 3% on principal. Besides for them being robots and slow as snails they have the audacity to put this in their contracts. Beware of these funders!

[Michael I]

watch out for greenbox! They state on their contracts under 7 - additional terms note F - Termination Fee. A fee of 3% of the Purchased Amount will be charged at the culmination of
every purchase of Future Receivables in the event the Purchased Amount is not satisfied via a Greenbox renewal. (this means that unless a merchant renews with greenbox then they are allowed to charge 3% on principal. Besides for them being robots and slow as snails they have the audacity to put this in their contracts. Beware of these funders!

old news . next you are going to talk about their personal guaranty iso need to sign or the reprices on deals or the going over metrics all day or the different tiers and cutting people off or the new iso reps every couple of months . and hey did you know they in florida

[profunder]

greenbox sucks

[MX211]

Greenbox is Garbage. They treat ISO's like ****s, their reps and processes are weak for pretending to be Tech-Masters. They are good at killing renewal opportunity. So many funders who know what they are doing, why these guys are still in business receiving subs is beyond me.

[mrmrg]

Greenbox is still in business because of you bozo's that submitted files and eventually lost your renewal's to them.

[ByzFunder Bus.Development]

I would love to have the opportunity to review and fund your deals. Below is what we offer. As far as an ISO Rep I can guarantee you will enjoy working with me 100% as I have been in the industry for quite sometime and know the ins and outs of deals. I work VERY close with my team/underwriters and not only can we get your deals done, we work Very Fast. Below is what we do. Feel free to reach out. My cell is 845-494-4898. Respectfully, Greg B.

• We will fund 1st position loans but look to fund in 2nd, 3rd and 4th position (3 to 10 month offers)
• Commissions up to 18 POINTS / We pay full commission on renewals / Commissions paid NEXT DAY
• Most AGGRESSIVE pre-pays offered
• No restricted industries except Adult Clubs / No landlord verification's
• Your reps ALWAYS work your deals. We DO NOT have an in-house sales division that works your deals or renews them. We let you know when your merchants are up for renewal and you work your deal!
• We fund in CA
• We can provide a weekly payment option if merchant qualifies
• NO COJ REQUIRED
• NO UCC FILED
• NO HARD CREDIT PULLS!!
• Stips are MINIMAL
• HARD UNDERWRITING IS DONE UPFRONT WE DO NOT GIVE SOFT OFFERS (Your deal won’t die after the contracts are signed unless the decision logic comes back bad or the merchant kills the deal themselves in the interview)
• TURNAROUND TIME under 2hrs for approvals. FUNDING TIME within 4 hours once all stipulations are met. WE ARE FAST.


Respectfully,
Greg B.
Senior Business Development Manager
845-494-4898
isosupport@byzfunder.com

www.byzfunder.com

[mcaguru]

[Big Mack]

Is Greenbox still doing the WBL-type deals?

[KINGCASH]

EVERYTHING GETS KILLED..EVERYTHING!! They have no idea what's flying over there. Oh! and the best- those 7 am reminder notifications for every deal EVER submitted.

I can go on..

[skideeppow]

These guys are the absolute worst, just the worst. Everytime I send something over its the same complete **** show. 1 hour call to get the bank login because dec logic did not work.

Another hour call to go over UCC's from 10 years ago. Then new contracts have to go out, then another funding call.

At this point the merchant is so frustrated they are just going to bail on the entire deal.

[skideeppow]

holy **** why do i keep sending deals here. I get an email killing the deal. Then an hour later i get a call from the underwriting dept saying i need to send them the pq and 4 months banks.

I am like, wtf, you already killed the deal. Then i get an emial asking for the same thing.

Do they realize how awful they are to deal with.

[Get It Done]

cut them off over a year ago and doing just fine

[$$FundIt$$]

They will take forever to underwrite a file and usually kill it on the back end. Make sure your merchants have their stips ready and they are ready to do the BV link, the moment the file stalls Greenbox will find a reason to not fund the loan. Just a warning.

[bcallahan007]

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