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11-18-2018, 10:59 AM #1
- Join Date
- Jun 2016
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- 416
I tried answering the question as accurately as possible. We will edge the market. We are flexible but if a merchant is taking deals from others are 10% fee over 40 days why would we do 2% fees over 120 payments? But on deals that need large $ it works for everyone. We just funded a merchant 200k following a YS 60k. Three weeks later we added another 50k and potentially another 50k. He’s a great merchant with a great broker that we are happy to be flexible for.
So that being said - you can make 20pts on a 40k stack or 8-10pts on a 250k stack - where are you making more money and where is the merchant netting more money?
And if you still don’t like the math or the offer than go with the 40k or your best next offer. We don’t need apps to underwrite so we hope there isn’t too much risk in getting an offer from us. Many large funders and brokers are happy with us, make a lot of money quickly with us and fully trust us. But perhaps the way we work isn’t for everyone? Maybe give us a shot if you have something that falls in our box.
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11-18-2018, 11:03 AM #2
- Join Date
- Jun 2016
- Posts
- 416
However, we have given many approvals this month of 130 payments on 4th, 5th and 6th positions for the right brokers and merchants. We are also able to drop down to 1.399 sell rate. We try to be flexible for good merchants and good brokers. We have a lot of money to deploy for the right partners.
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11-18-2018, 11:04 AM #3Karen37aGuest
I get it
Depends on the deal and quality of merchant
lowest I am going down to is 1.25 ... 10 points 2 points on top
keep going kill it $
I give my isos 50_80% of the commission depending on their participation..some just hand over numbers and 1 application no docs and same with renewals ( lifetime )as long as they do not try to cut my throatLast edited by Karen37a; 11-18-2018 at 11:08 AM.
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11-18-2018, 11:07 AM #4
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- Jun 2016
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- 416
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11-18-2018, 11:09 AM #5Karen37aGuest
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11-18-2018, 05:33 PM #6
- Join Date
- Aug 2018
- Posts
- 795
Karen, David funded a 4th position 150k 120 deal day for me. Blew ysc and every competitor into deep ocean territory.
He also funded a 150k with no bank login, in 2nd position for me last week.
Yes, no bank login. I made 18 grand thanks to him.
David I didn't know you allowed upsell past 1.49. Time to do 1.59's for 22 pts
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11-18-2018, 05:59 PM #7
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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11-18-2018, 06:57 PM #8
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- Jun 2016
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- 416
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11-18-2018, 07:10 PM #9
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- Aug 2018
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- 795
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11-19-2018, 09:19 AM #10
- Join Date
- Jun 2016
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- 416
Why does the original author keep changing the title of this post?
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