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03-15-2018, 12:00 PM #1
- Join Date
- Dec 2014
- Posts
- 39
Qyestion on Protocol - first position
Firm owed $ 195,027.60
He received $64,972.40 add on from same firm ( no stack all A + paper
You paid your firm back the 195,027.60 , which included a 1.37 then added a 1.37 to both ?
Funder then added 64,972.40 and multiplied by 1.37 and that was something you felt was kicking the can down the rd ?? it was a field Goal .Plus added an additional 1% to the standard 2% he has paid and on the 195,027 that the 2% was already paid -
firm now owes $356,200.00
$ owed 195,027 . what is standard practice for the ISO compensation .
what would the ISO receive , the 64,972 10% , the 265,000 10% or 8%
*** nothing so the funder can grow - LOLLast edited by c4get; 03-15-2018 at 12:02 PM. Reason: math correction
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03-15-2018, 04:25 PM #2
what does your ISO agreement say on renewals? there would be your answer. Add on or Refi......still a renewal
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03-18-2018, 09:51 AM #3Karen37aGuest
It depends on how you structured the deal, what company you went to, who or what company you are and where you are in the food chain.
Sometimes Isos are 4 people below ..and they think they are 1 person removed.
If you did an add-on you could get 3-8 on the new money only
Renewal....3-7-10
Many things come into play...one being the "increased" risk associated with doing a 2nd 'leverage" and the increase in rate or reduction in commission if you hold the rate steady. The individual merchants "algorithms" and increase or decrease in risk...revenues etc.
Also, your individual contract and what you agreed to; your monthly production numbers, the cost associated in doing business with you ( bad denied paper, low approval ratios, defaults, renewal ratios) and your participation in the deal...did you just hand off a phone number? collect documents? close the contract? Someone else TO's the sale that you would have lost had they not stepped in etc etcLast edited by Karen37a; 03-18-2018 at 09:56 AM. Reason: typos
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03-18-2018, 10:26 AM #4Karen37aGuest
here we go $$$$$
LOL
Million Dollar Producers forever.jpgLast edited by Karen37a; 03-18-2018 at 11:11 AM. Reason: typo training
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03-19-2018, 12:48 AM #5
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03-19-2018, 04:50 AM #6
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