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04-04-2019, 01:50 PM #20
- Join Date
- Mar 2016
- Posts
- 908
I personally believe commissions should only be clawed back in Fraud cases when a merchant steals the capital and stops payment on the funder within the first week. That's clearly malicious and im sure a broker would understand that. Although the majority of ISO Agreements have some form of Clawback clause in them, im not a fan of taking an ISO's commission back and have only done so twice in the last 3 years.
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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