[Zonefund]

As of late, I've noticed all my high credit merchants whom are declined at ondeck are directly contacted within 48 hours by Kabbage via text, email, and and a call.

Has anyone had this happen to them?

I've noticed the trend. Ondeck is the only company whose portal we put any actual owner information since if you dont it can screw up the checkout...

[Christian]

Are the approved ones also getting calls from Kabbage? Could be a highly targeted inquiry trigger lead gen tool Kabbage is using.

[Zonefund]

Only declines

[Zonefund]

Are the approved ones also getting calls from Kabbage? Could be a highly targeted inquiry trigger lead gen tool Kabbage is using.

I figure, because ondeck IS an amazing 1st pos funder. They've been approving a lot of b paper for me, and 200% of gross monthly rev approvals.

[Chargers]

As of late, I've noticed all my high credit merchants whom are declined at ondeck are directly contacted within 48 hours by Kabbage via text, email, and and a call.

Has anyone had this happen to them?

I've noticed the trend. Ondeck is the only company whose portal we put any actual owner information since if you dont it can screw up the checkout...

Have you contacted OnDeck directly about this?

[fundingsmbs]

don't think trigger leads would have all this data: text, email? What information does a trigger lead give you? cell phones of merchants? sounds like a fishy story. ODC would benefit zero handing over A paper to Kabbage unless they just want to see brokers disappear

[Nunya]

In this thread:

Anecdotal evidence that one broker's A-paper clients also get solicitations by another major commercial lender.


Backdoor effect? C'mon now, you're going to have to bring some stronger evidence before you start throwing that word around.

[Franklin]

As of late, I've noticed all my high credit merchants whom are declined at ondeck are directly contacted within 48 hours by Kabbage via text, email, and and a call.

Has anyone had this happen to them?

I've noticed the trend. Ondeck is the only company whose portal we put any actual owner information since if you dont it can screw up the checkout...

Kabbage targets high credit merchants through text, email, and calls as normal business practice. It would have to be a pretty big sample size to understand if that's really the case and you haven't stated how many merchants this happened with. Kabbage owns a deal once they get it, and OnDeck has a sales team so they can continue following up on deals that don't convert that week/month. OnDeck (the corporation) doesn't have a lot of incentive to do this. If you're saying it's a rogue scoundrel in the office, that's different.









www.UccRadar.com - Spend Less Time Prospecting and More Time Answering Appointments.

[BROKER TIME]

ive come to learn no matter where you send your paper to eventually it will be on the market

so just put in a fake number that you will answer



lets just say they are calling your declines is that going to stop you from sending them paper and taking advantage of that sexy online checkout?

[Zonefund]

Again, it's a pattern. I've noticed it a few times

[Nunya]

Again, it's a pattern. I've noticed it a few times

Well, I'm convinced. I bet Kabbage calls OnDeck every day asking if Zonefund has sent them any applications.

[BROKER TIME]

Again, it's a pattern. I've noticed it a few times

okay so stop subbing to them

[Don Dolla]

every funder sells their declines, even ondeck... don't get declined, place your deals proper

[fundingsmbs]

^ is selling personal data legal? after you enter a deal into a portal, does that give said company the right to sell that information ^

[Don Dolla]

Selling leads is fine... ssn not so much

[Jess]

Selling leads is fine... ssn not so much

Selling leads that you don’t generate, leads that were generated by ISOs is not fine. Simple solution is to ask ondeck to reply in writing is they forward declines to kabbage.

[fundjax]

^ is selling personal data legal? after you enter a deal into a portal, does that give said company the right to sell that information ^

What does their T&Cs say? ISO Agreement

[fundingsmbs]

Some of the ISO agreements say that once you submit, they own the lead. At that point, you have given up your right's to that merchant. Red Line # 1. Second, some ISO agreements say they or their affiliates can solicit the merchant (affiliates can be any funder they farm out deals to). Literally, the ISO is giving up their customers THEY paid for, to these companies that you signed off on this language. I bet over 50% of IC'c and ISO's NEVER read through all the details of any ISO agreement and come on here and complain, when, the agreement itself says what it says. Just realize, those agreements are written to protect the funder, and, take over the business you generate. It would be worth the investment to have your attorney's scan the agreements and give you their take on them. May be the best investment you make if you plan on building any meaningful portfolio with any funder. Read the renewal clauses as well.