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05-08-2018, 06:47 PM #1
- Join Date
- Oct 2016
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- 4,318
1. What’s to stop a funder to place high bids for everything, knowing they are only soft offers and will require more DD?
2. What’s the process for resubmitting a file if a funder with a winning bid cuts their offer in half during DD?
3. Are the funders shown any proprietary and indentifying merchant info before/during placing bid?
4. Does an individual ISO agreement need to be established with each funder that places a winning bid?
5. Are funders who place initial winning bids, but are unable to close deals, allowed to contact the merchant after a grace period?
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05-08-2018, 09:30 PM #2
We do have language around that to protect brokers but we do tend to defer to the individual ISO agreements that brokers and funders have with each other.
Again any questions feel free to email us anytime hello@thefundingfloor.com or DM me and I'd be happy to set up a call/demoLast edited by fundingfloor; 05-08-2018 at 09:36 PM. Reason: Color Change
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05-08-2018, 10:25 PM #3
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- Oct 2016
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