IOU Swiping Renewals from ISO's?
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  1. #1
    Senior Member Reputation points: 1719
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    IOU Swiping Renewals from ISO's?

    IOU just snatched one of my renewals, a rather large one. I'm curious to know if anyone else has this issue. Should I continue to refer to them, knowing that any renewal may be off the table?

  2. #2
    Veteran Reputation points: 135660 Chambo's Avatar
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    what does it say in your ISO agreement about submissions?

  3. #3
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    So far we have never had a problem with them with renewals, but your post is making me nervous for the future lol.
    I do recall a while back seeing their financials because they are a public company in Canada I believe (don't quote me on this, its been a long day and a long time since I saw the article), but they were definitely not profitable.

    I assume you asked them about it, what was their reasoning for not paying you on the renewal?

  4. #4
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    To anyone that's ever felt like they got a deal stolen:


  5. #5
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    You know how many times I've gotten and email stating "Already in-house" "Submitted by Another ISO" !!!!! ADVICE- Know the companies you are dealing with! Know your Rep! Call your Rep before you send a file! Have them do their job and look up and see if they have it before you send it and give them info on it.

  6. #6
    Sponsor Reputation points: 126 freddy's Avatar
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    ISO's you need to trust and feel secure with who you choose to do business with. BCC only works with ISO's - no games. No timetables and no "or else."
    You see my logo?
    Freddy Zalta
    President
    Cash Crunch Advance, LLC
    Direct 1-888-275-1090
    freddy@cashcrunchadvance.com

  7. #7
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    They are now paying Full commission on renewals on the total amount Not just the net

  8. #8
    Freddy,

    Its Cherelle we did business whilst I was at One source. I am at a new company S.O.S Capital, hopefully we can continue working together.

  9. #9
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    Quote Originally Posted by fundgorilla View Post
    Should I continue to refer to them, knowing that any renewal may be off the table?
    is that a serious question or a joke? HAHAAAAAAAAAAAAAAAAAAAAA
    Anthony Diamond
    Underwriter

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