Results 1 to 9 of 9
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08-13-2014, 11:00 AM #1
- Join Date
- Aug 2014
- Posts
- 187
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?
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08-13-2014, 04:50 PM #2
what does it say in your ISO agreement about submissions?
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08-13-2014, 05:04 PM #3
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
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?
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08-22-2014, 01:30 PM #4
To anyone that's ever felt like they got a deal stolen:
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08-22-2014, 02:15 PM #5
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
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.
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08-25-2014, 05:53 PM #6
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?
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08-25-2014, 07:05 PM #7
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 728
They are now paying Full commission on renewals on the total amount Not just the net
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08-26-2014, 11:29 AM #8
- Join Date
- Aug 2014
- Posts
- 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.
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08-26-2014, 03:57 PM #9
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