[Gboxcapital]

Greenbox is the funder that makes ISOs sign a Personal Guarantee, right?

Greenbox Capital does require a personal guaranty for all those who work with us. The personal guaranty can be waived for ISOs of scale or if the ISO maintains a Financial Institutions bond at least $250,000 in coverage. The personal guaranty is in place if the ISO is not willing or interested in obtaining business insurance to protect all parties, including the ISO itself, from brokers who are misrepresenting the product and/or committing acts of fraud. While some lenders have chosen to cut all or part of their ISO channel, Greenbox has chosen this route to produce the same result. Our Sales Partners are not responsible for any actions of the merchant, Greenbox has and continues to assume that liability of which our agreement clearly defines. Greenbox has and will always be a safe place for above board brokers to do business with.

[WestCoastFunding]

The personal guaranty is in place if the ISO is not willing or interested in obtaining business insurance to protect all parties, including the ISO itself, from brokers who are misrepresenting the product and/or committing acts of fraud.

Wait, so you want brokers to obtain insurance not only to protect themselves, but to protect all parties? Please explain this.

Why would the ISO need to be protected from other brokers?

[WestCoastFunding]

While some lenders have chosen to cut all or part of their ISO channel, Greenbox has chosen this route to produce the same result.

Who? Aside from Swift, who has cutoff their ISO channels?

[skideeppow]

Greenbox Capital does require a personal guaranty for all those who work with us. The personal guaranty can be waived for ISOs of scale or if the ISO maintains a Financial Institutions bond at least $250,000 in coverage. The personal guaranty is in place if the ISO is not willing or interested in obtaining business insurance to protect all parties, including the ISO itself, from brokers who are misrepresenting the product and/or committing acts of fraud. While some lenders have chosen to cut all or part of their ISO channel, Greenbox has chosen this route to produce the same result. Our Sales Partners are not responsible for any actions of the merchant, Greenbox has and continues to assume that liability of which our agreement clearly defines. Greenbox has and will always be a safe place for above board brokers to do business with.

Really? Funny how when i argued about signing this you never mentioned the insurance option. Because i have insurance and am bonded. You never explained that option when i signed years ago.

You guys have zero attention to detail.