Results 1 to 25 of 487
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02-27-2019, 06:45 PM #1
- Join Date
- Dec 2013
- Posts
- 4,713
Iso: Peak solutions llc
Mantis has terminated Peak Solutions and Zev S as an ISO. Mantis does not do business with ISOs who coach merchants to engage in conduct that would breach other funders’ contracts and put their capital at risk, as it appears Peak Solutions and Zev S were attempting to do to FundKite (as per the attached, unsolicited email that Peak Solutions sent to Mantis proposing such conduct).
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-27-2019, 07:23 PM #2
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02-27-2019, 07:29 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
He sent that email to Mantis?
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02-27-2019, 09:02 PM #4
- Join Date
- Jul 2018
- Posts
- 193
At least have the courtesy to call (moron).
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02-27-2019, 09:35 PM #5
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- Jan 2018
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- 353
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02-27-2019, 10:19 PM #6
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- Aug 2016
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- 831
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02-28-2019, 10:19 AM #7
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- Jun 2015
- Posts
- 754
OH oh oh... Mantis publicizing this as if they are the cleanup boys, wow what a beauty
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02-28-2019, 10:25 AM #8
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- Mar 2016
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- 657
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02-28-2019, 10:28 AM #9
- Join Date
- Jun 2017
- Posts
- 2,049
I agree the coaching of the Merchant to Open a new account is iffy.
But Mantis never breaching others contracts??? Come on Now, so that means Mantis has NEVER EVER EVER NOT EVEN ONCE Stacked a Rapid Deal or a Simply MCA Deal (Just 2 companies off the top of my head with anti stacking verbage in contracts)
Never EVer????? Come on Man
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02-28-2019, 10:38 AM #10
- Join Date
- Jan 2014
- Posts
- 1,378
Doesn't Mantis fund 2nd,3rd,4th positions? I am pretty sure that breaches merchants agreement with 1st position lender or no?? You should have just sent this straight to Fundkite...but thanks for the lead
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02-28-2019, 11:09 AM #11
- Join Date
- Nov 2018
- Posts
- 17
2nd Cashman. I love these guys.
Last edited by Garth Butcher; 02-28-2019 at 11:09 AM. Reason: Forgot to reply to comment
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02-28-2019, 11:09 AM #12
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- Jul 2015
- Posts
- 1,202
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02-28-2019, 12:09 PM #13
- Join Date
- Jun 2015
- Posts
- 3,325
marcus does mantis fund on top of a reverse ?
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02-28-2019, 12:10 PM #14
- Join Date
- Mar 2016
- Posts
- 908
Im pretty sure Marcus was going for "I found a scummy iso do a scummy thing" - Brokers put funders on Blast as they should if they do something wrong, but you dont see it the other way around often. It should be as simple as "Hey guys watch out for this dude, we just cut him off" and end it there. Breach of contract... Cmon... most of this industry dabbles in that space if they really are "Breaching"
Regardless, Thank you for the heads up Marcus. Im pretty sure i had this shop for a while and i gave them the boot pretty early.Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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02-28-2019, 12:20 PM #15
- Join Date
- Aug 2016
- Posts
- 831
Is it? cfg will not fund on top of an reverse so sending such an email to you will be 100% a scummy thing.On the other hand mantis does, so which is more scummy to fund him in his account where merchant gets f...d and stops getting his weekly or once you funding it either way to fund in a separate account not to screw the merchant?
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02-28-2019, 12:33 PM #16
- Join Date
- Mar 2016
- Posts
- 908
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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02-28-2019, 01:46 PM #17
If I am reading this objectively, it looks like this iso is doing normal operating procedures via the funder.!!!
How the hell can an iso just send that to a funder, so clear and cut dry to the point ??? if the FUNDER did not do deals like this in the past for mentioned iso?
Strange???Disclaimer
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03-01-2019, 12:42 PM #18
- Join Date
- Feb 2018
- Posts
- 1,349
is this any worse than a broker coaching a merchant to stack 3-4 deep knowing the merchant is violating contracts?
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03-01-2019, 01:56 PM #19
- Join Date
- Oct 2016
- Posts
- 4,318
The guy told the merchant to create new bank accounts to go around the reverse consolidation. And he put it in writing. In ****ing writing! Why did he feel so comfortable sharing this info with Mantis?
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03-01-2019, 02:04 PM #20
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
stupid is, when stupid broker does.
Also fundkite should be charging the broker with the stacking clause & contract violations, with attempting to what amounts to defrauding funkite of there program, if this were a top tier bank would be considered fraud, No? or one in the same charges?
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03-01-2019, 02:05 PM #21
- Join Date
- Mar 2018
- Posts
- 110
I don't know Zev but this is pretty Silly. Gotta give him credit for being straightforward and letting you know what he is doing upfront. there are 100's of ISO's who do this and not mention anything. Bottom line, this merchant is going to take more $ if they need it. if its not this ISO the merchant will find another who will give them more funds. The other ISO might even refer them to a debt settlement kinda place after giving them the funds. That is the ultimate scumbag ISO move and a line that many shady ISO's will not cross.
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03-01-2019, 03:17 PM #22
- Join Date
- May 2018
- Posts
- 49
come on, Marcus. show the crowd what mantis RESPONDED..
don't you guys want to know????
-Zev
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03-01-2019, 03:20 PM #23
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
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03-01-2019, 03:21 PM #24
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- Oct 2016
- Posts
- 4,318
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03-01-2019, 03:28 PM #25
- Join Date
- Jan 2018
- Posts
- 353
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