Results 1 to 25 of 61
Hybrid View
-
07-18-2018, 12:35 PM #1
- Join Date
- Oct 2017
- Posts
- 36
Funder wont pay commissions owed...Any Ideas? They are a ISO claims direct funding
I received a email from a ISO claiming to be a direct funder. He used several different companies to fund these 2 deals and never paid me on the one. He claims he can hold commision for 30 business days. That has passed..Anyone have problems with "]Greenlite Capital[/ out of Florida and what can I do to get my commision?
-
07-18-2018, 12:38 PM #2
- Join Date
- Aug 2014
- Posts
- 194
Did the deal default?
-
07-18-2018, 12:43 PM #3
- Join Date
- Oct 2017
- Posts
- 36
No, I called Both funders and they said he paying, he had a few nsf but they didn't claw back commission to GREENLITE CAPITAL
Alex keeps saying he is going to pay me but too many promises broken...Not sure what to do short of small claims court
Alex says he has been in business 8 yrs and no complaints , hard to believe that when his voice mail is full for 2 weeks
-
07-24-2018, 11:25 AM #4
- Join Date
- Oct 2017
- Posts
- 36
Greenlite /alex B
If you get a email from this guy claiming to be a direct funder...run. He is a ISO that says he is a direct funder then shops them out and doesn't pay commissions
-
11-08-2018, 04:46 PM #5
- Join Date
- Oct 2017
- Posts
- 36
Greenlite capital are not direct funders
I have been in this business for 12 yrs and there some great and honest brokers and funders here..UNFORTUNATELY ALEX Batistta and GREEN LITE Capital IN Florida are not .If you get his email saying he is a direct funder..RUN to the junk folder. He took money for a syndication and though the loan paid off he has never made good on the money I syndicated.I am taking him to small claims court
-
11-08-2018, 04:51 PM #6Karen37aGuest
-
11-08-2018, 04:57 PM #7
- Join Date
- Oct 2017
- Posts
- 36
He said he was a direct funder and got the merchant approved for 35k. I said can he go to 40k if I syndicate and he said yes. He took the money out of my bank without any authorization or agreement and then took 2 months to pay me my commission. Now the loan is paid off with fox, who he said was his platform, he wont pay or answer calls. I sent in the small claims filing today.well see if that motivates this prick
-
07-18-2018, 01:04 PM #8
- Join Date
- Oct 2016
- Posts
- 4,318
How many points? How much are you owed.
-
07-18-2018, 01:42 PM #9
- Join Date
- Oct 2017
- Posts
- 36
His agreement calls for 12 points. But he said he could only pay 7 on this
I have been in the business as a ISo for 12 years and get emails all the time from direct funders, This is the first time that a ISO claiming to be a direct funder has held my commision. Anybody else had problems with Greenlight Capital?/ Nickelbox inc?
-
07-18-2018, 01:12 PM #10
- Join Date
- Oct 2016
- Posts
- 4,318
Real talk: you’ll never see that money. Since he portrayed himself as a funder he probably promised you as many points as he was getting. By now he’s spent it.
-
07-18-2018, 01:34 PM #11
- Join Date
- Aug 2014
- Posts
- 620
^ Agreed. Sorry you had to go through this. If you aren't signed up with YSC please give me a call, you'll never have an issue getting paid.
-
07-18-2018, 02:15 PM #12
Small claims court is $99 is most states, file a case against him and see how he responds. or go to one of those pre paid legal companies ($29.00 per month ) and have them draft a letter- that might get his attention.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
-
07-18-2018, 02:21 PM #13
- Join Date
- Jan 2014
- Posts
- 1,372
12 years in the business and you couldn't find an actual funder for these two deals that you used a no name company you never heard of to get it done? The money is gone and spent by Greenlight im almost sure. ISO's get paid same day as funding of next day, in the agreement that you signed with them did it say he can hold your commission for 30 days? that's kind of wild
-
07-18-2018, 02:22 PM #14
- Join Date
- Feb 2018
- Posts
- 1,349
what is the story from greenlight I wonder. always 3 sides to every story.
-
07-19-2018, 11:38 AM #15
- Join Date
- Oct 2017
- Posts
- 36
He keeps promising me payment including yesterday still nothing..It was my fault for responding to his email saying he was a direct funder..I need to check out these guys better..I think Green lite sent it to a bunch of iso's he received on a ,mass email
Oh well will try small claims court
-
07-18-2018, 02:40 PM #16
- Join Date
- Dec 2013
- Posts
- 4,713
MANTIS/CRESTHILL commission payment list (per batch) keeps getting longer and longer (and even longer) and we have a RENEWAL-LOCK-PROGRAM IN PLACE... once on subject if you have files over 100K for super-subprime ill fund today with contracts back-in... i cant keep seeing high balances in our account...it got to be on the street!
Last edited by mcaguru; 07-18-2018 at 02:42 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
07-19-2018, 11:28 AM #17
- Join Date
- Oct 2017
- Posts
- 36
This deal was funded by Mantiss and he told me he was using your platform to fund
-
07-18-2018, 02:52 PM #18
- Join Date
- Feb 2018
- Posts
- 1,349
"I sent "x" company a file on Friday, they received the file and said they will send for underwriting. They made me a small offer for 3k shortly after which the merchant accepted. I sent in more stipulations and requested contracts. We even exchanged a few emails back and forth. The merchant signs the agreement over the weekend and sends over more required documents. I sent the documents back to "x" company in which they requested more documents. Shortly after "x" received all the needed documents from me I received a Declined email. Normal ;p. The email read" Sorry but we have to decline your file at this time because we have already received the signed contract prior to you submitting the file?.... I was stumped... How??? When?? "
this was on linkedin this AM. $3K deal? wow. it's getting ugly out there.
-
07-18-2018, 03:05 PM #19Karen37aGuest
-
07-18-2018, 03:11 PM #20
- Join Date
- Nov 2016
- Posts
- 90
3k deals being backdoored on linkedin now? WOW what's next?
I know most brokers are foaming at the mouth for their next commissions but it's beyond embarrassing.
-
07-18-2018, 03:16 PM #21
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
07-18-2018, 04:22 PM #22
- Join Date
- Oct 2016
- Posts
- 4,318
-
07-18-2018, 06:27 PM #23
- Join Date
- Jul 2015
- Posts
- 1,202
-
07-19-2018, 11:31 AM #24
- Join Date
- Dec 2013
- Posts
- 4,713
Again.. we don't use Vader...Mantis has one of the largest micro-funding-programs in the country FUNDING the 2-10K files ..MICRO TRUCKING-TRANSPORTATION/ CONSTRUCTION and are real sweet spot is we are the most aggressive (you heard it first here ) with merchants with high NSF's....
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
07-18-2018, 03:13 PM #25
- Join Date
- Dec 2013
- Posts
- 4,713
I just this week heard a terrible story...1 small ISO just got into this business (does POS terminals) so he knows the clients VERY well..he was signed up with just 1 company within HOURS of sending the DEAL to this firm they would get calls instantly as if they were COLD-CALLING its very sad!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
Similar Threads
-
FUNDING SOURCE CAPITAL (direct funder hahahaha)
By FundedBROTHA in forum Merchant Cash AdvanceReplies: 20Last Post: 05-01-2017, 12:48 PM -
Accord Business Funding - Direct Funder
By Accord Business Funding in forum PromotionsReplies: 0Last Post: 12-12-2016, 04:50 PM -
Hedge funder or direct funder with guts i have a deal for about $500k
By Pbs in forum Merchant Cash AdvanceReplies: 7Last Post: 09-14-2016, 03:30 PM -
Direct Funder/ Syndicated Funder will work hard for deals!
By BoostAaron in forum PromotionsReplies: 0Last Post: 03-03-2016, 09:39 AM -
client needs money to pay his owed back rent
By Zach in forum Deal BinReplies: 4Last Post: 09-10-2014, 03:17 PM