[WestCoastFunding]

From what I understand its not a PG for the MCA's you sell but to adhere to the ISO agreement's terms i.e. clawbacks

This is correct, but Greenbox said that brokers will be held responsible for double funding a merchant. So say the merchant double funds themself, how will Greenbox determine if the broker was part of the double funding or not?

Greenbox, please explain.

[FCF Fund]

This is correct, but Greenbox said that brokers will be held responsible for double funding a merchant. So say the merchant double funds themself, how will Greenbox determine if the broker was part of the double funding or not?

Greenbox, please explain.

If an ISO has no involvement in double funding a merchant than there should be no paper trail and no guilt to be concerned about. The burden of proof is on Greenbox to support damages caused by intentionally double funding a merchant. So this really is a moot point IMO.

[WestCoastFunding]

If an ISO has no involvement in double funding a merchant than there should be no paper trail and no guilt to be concerned about. The burden of proof is on Greenbox to support damages caused by intentionally double funding a merchant. So this really is a moot point IMO.

What burden of proof is needed? THAT is exactly what Greenbox needs to layout because, it seems, all it would take is an accusation by Greenbox.

[FCF Fund]

What burden of proof is needed? THAT is exactly what Greenbox needs to layout because, it seems, all it would take is an accusation by Greenbox.

Anyone can make accusations and file suit, the old adage applies "its not what you know, its what you can prove". If you are a shady broker intentionally double funding merchants and theres solid evidence of it, the court will award damages to the plaintiff.

An accusation is not sufficient enough to show the court and win the case, so again it comes down to burden of proof on GB to show that an ISO double funded a merchant intentionally. GB doesn't need to lay this out, its on the ISO to be sophisticated enough to know A) dont do it and B) defend yourself legally and C) operate ethically.