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05-15-2018, 01:18 PM #1
- Join Date
- Sep 2014
- Posts
- 65
BFS Leak?
Hi Guys,
I had a new merchant who we picked up through word of mouth and not through our regular lead source. They have not taken any cash advance prior to this. They did not want to be plastered out there so we submitted ONLY to BFS. We received a 250K offer. The merchant calls me two days later asking if I gave out his info because he has received two calls from people who know info that was on the app and they also offered him 250K. strangely similar offer as BFS gave us. I was really really pissed because I promised this guy I would work slowly and not pass hi info around. Please feel free to weigh in here. I am scared of BFS right now.
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05-15-2018, 01:25 PM #2
- Join Date
- May 2018
- Posts
- 70
That's because BFS is notorious for stealing deals/backdooring/whatever you want to call it.
Protect your files - remove all contact information from the apps, and sell your offers within 24 hours. Otherwise it's a jump ball.
Don't hate the player, hate the game. Your files are at risk with 99% of the places you submit them to. Anyone who doesn't know that or believe it is either a noob or extremely naive. This is the price we pay to work in a lucrative industry with zero barriers to entry.
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05-15-2018, 01:25 PM #3Karen37aGuest
Welcome to merchant cash advance.
I will stay silent from here let everyone else weigh in
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05-15-2018, 01:30 PM #4
- Join Date
- Feb 2018
- Posts
- 1,349
Smh....
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05-15-2018, 01:34 PM #5
Did your merchant ask the callers what companies they represent? or "how did you get my information since I never applied with you"?
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05-15-2018, 01:36 PM #6Karen37aGuest
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05-15-2018, 01:38 PM #7
- Join Date
- Sep 2014
- Posts
- 65
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05-15-2018, 01:39 PM #8
- Join Date
- Sep 2014
- Posts
- 65
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05-15-2018, 01:42 PM #9
- Join Date
- Jan 2014
- Posts
- 1,380
sad whats going on over there at BFS smh, they used to be one of the best
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05-15-2018, 05:07 PM #10
- Join Date
- Sep 2016
- Posts
- 169
Not sure why brokers/ISO'S don't make a bigger deal about Funders with sales floors
happy to say unique funding solutions has 0 sales floor!!!!Irving Winograd
Unique Funding Solutions
646-460-3139
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05-15-2018, 05:26 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
Not surprised at all. I gave up on BFS a year ago because of these shenanigans.
I guess it doesn't make a difference if you submit to GRP, either.
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05-15-2018, 07:52 PM #12
- Join Date
- Feb 2018
- Posts
- 1,349
westcoast, all the deals flow into bfs. they kept the brand name, but, it's all bfs. it's an affiliate company
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05-18-2018, 10:07 AM #13
I used to work with BFS a lot. Same thing kept happening (merchants calling in saying they are getting calls from others, offering similar terms)
Have not sent any deals their way for a long time
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05-18-2018, 12:59 PM #14
- Join Date
- Jun 2017
- Posts
- 2,049
Always swap out phone numbers with your own numbers. ALWAYS.
9/10 The Rep making calls will be to lazy to google and look up the real phone number and just move on to the next backdoored APP
I tell all my ISO's the same thing. Dont give us the contact number - just because if someone we submit it to causes some BS and now we are being accused. Backdooring one deal for a payday isnt worth ruining a relationship and potentially HUNDREDS OF THOUSANDS OF DOLLARS in funding
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05-18-2018, 08:57 PM #15
- Join Date
- Mar 2016
- Location
- New York City
- Posts
- 12
Happens all the time
JOHN TINAZ
Founder / CEO
2115 west 6th Street
Brooklyn, NY 11223
P: 1 (917) 544-9548
F: 1 (877) 843-8197
www.hybridfunder.com
Confidentiality Notice: This transmission, and any documents, files or previous messages attached to it, may contain information that is confidential and/or legally privileged. If you are not the intended recipient, or person responsible for delivering it to the intended recipient, please DO NOT disclose the contents to another person, store or copy the information in any medium, or use any of the information contained in or attached to this transmission for any purpose. If you have received this e-mail transmission in error, please immediately notify the sender by or e-mail:john@hybridfunder.com or contact@hybridfunder.com and destroy the original transmission and its attachments without reading or saving in any manner.
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05-29-2018, 04:58 PM #16
- Join Date
- Sep 2017
- Posts
- 6
You guys crack me up.
If a merchant going to take money he/she will. Deleting a number and email doesn't do jack!! The internet is notorious for leaking its own information lol ....The best thing to do is build a relationship with real clients and don't do them dirty...Will some still stick with you in the ASS YES!!! But you will build a real core if you don't stiff them...
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05-29-2018, 08:34 PM #17
- Join Date
- May 2015
- Location
- New York, NY
- Posts
- 29
stopped submitted to BFS over 5-6 months ago.. horrible horrible horrible... BFS capital: any input to what the hell is going on in your "company"?
Prediction: BFS cuts off all ISO's in the next few months, and there internal sales team starts pounding out subs.. oh wait - aren't they doing that anyways?...
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