DataMerch for Brokers?
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  1. #1
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    Quote Originally Posted by ADiamond View Post
    Datamerch can be greatly improved but I stopped using the service because it seems like they do little to improve their data reporting.

    A major start would be to offer other searchable data points other than just the EIN. Especially because you don't always have the correct EIN or a defaulted merchant may own multiple businesses - and defaulted with another entity.
    Plus, theres no verification. People TAG Good Merchants to keep them to themselves.

    Or Ive seen Tagged for "Fraudulent" Bank Statements - Just because they were faxed and distorted a bit, bank verification proved otherwise.

  2. #2
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    Quote Originally Posted by ryan $ View Post
    Plus, theres no verification. People TAG Good Merchants to keep them to themselves.
    That's terrible.

  3. #3
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by ryan $ View Post
    Plus, theres no verification. People TAG Good Merchants to keep them to themselves.

    Or Ive seen Tagged for "Fraudulent" Bank Statements - Just because they were faxed and distorted a bit, bank verification proved otherwise.
    wow! so far I got a lot of feedback from Lender, merchant using fake or fraudulent statements So you think some of them were actually good people? :O
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  4. #4
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    Quote Originally Posted by patrickw View Post
    wow! so far I got a lot of feedback from Lender, merchant using fake or fraudulent statements So you think some of them were actually good people? :O
    Yep. Ive Funded People - Perfect Payers where some lenders said fraud

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