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  1. #1
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    Prompt Capital Funding

    Anyone familiar with Michael Rosario/ Eric Kapusta? Funded a 250k deal with them and they wont pay me my commission. Even went to the office they said I'd get paid after 30 days and its been over 30 days. The company doesn't even respond to my emails. Its terrible
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  2. #2

  3. #3
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    Sheesh, what would you do in my shoes? If i show up to his office again its not gonna be a nice convo so Im trying not to do that. They owe me 18,750$
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  4. #4
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    Do you have an ISO agreement? Sounds like a lawsuit is in order....

  5. #5
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    Quote Originally Posted by abfunders View Post
    Do you have an ISO agreement? Sounds like a lawsuit is in order....
    I do but it says Prime Capital Funding at te top but I do have the email thread of Michael sending it to me claiming it is their iso agreement
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  6. #6
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    It certainly is their ISO agreement.
    But they offered 13 points? Wow. That's a red flag for you over there.
    They definitely didn't release the money to you because they wanted to make sure that when they submitted it that it wouldn't default on them after the clawback period.
    Have the merchant email you the contract that they got.

  7. #7
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    I have the contract it says advantage capital on the bottom. I got paid 7.5% commission on the 250k not 13 points tho lol thats 18,750. I was okay with the clawback thing but its been over 30 days
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  8. #8
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    Good people at Advantage. Too bad you couldn't have funded it there direct with them. I'm working on a deal that took a lot of sharp turns, and they're sticking with it, working it hard.
    Not sure how I calculated 13 points. Whoops. Their max upsell is 12.

  9. #9
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    Quote Originally Posted by abfunders View Post
    Good people at Advantage. Too bad you couldn't have funded it there direct with them. I'm working on a deal that took a lot of sharp turns, and they're sticking with it, working it hard.
    Not sure how I calculated 13 points. Whoops. Their max upsell is 12.
    Merchant is willing to reach out to advantage on my behalf especially because I dont want them stealing renewal either. Prompt never even spoke with the guy. Do you think it makes any sense to have the merchant reach out for future ownership of the file
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  10. #10
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    Advantage is too clean for that. They have a contractual obligation with Prompt, their legal teams would never let them fund behind your back. Renewals generally belong to the merchant who submitted it.

    Being a super-broker myself, I know the feeling of never speaking with the merchant, but being in control of the file in that way. He probably would have paid you, but one of his deals probably went south, or some emergency came up in his life, and he needed the money and was hoping for another deal to come his way, and it still hasn't.

  11. #11
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    I almost always pay my sub-ISOs immediately and on the one case that I didn't, I kept the money in the business account and treated it as frozen until the claw-back ended successfully.

  12. #12
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    Quote Originally Posted by Wheetie View Post
    I do but it says Prime Capital Funding at te top but I do have the email thread of Michael sending it to me claiming it is their iso agreement
    Wow.....that's just sad. Such a piece of scum

  13. #13
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    I feel like a big imbecile for this one.. all the emails of them trying to rectify and confirm my voided check have been going to my spam. We connected today and I did indeed recieve my wire with no problem. Guess I jumped the gun here...

  14. #14
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    Congrats!
    (deleted, read it wrong)

  15. #15
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    admin should delete this thread

  16. #16
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    Quote Originally Posted by Michael I View Post
    admin should delete this thread
    Agreed!

  17. #17
    THANK YOU WHEETIE. We pride ourselves in being honest.

  18. #18
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    “Dear sir, Please send me a your account information so I can send you $18,500” hits on all the spam triggers tho.

  19. #19
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    The words "funding, funder, fund" in any e-mail is a SPAM magnet these days even if you have traded e-mails with somebody recently.
    Hedley Lamarr......That's Hedley

  20. #20
    You just brought Prompt to light - Michael - Where's the Money you owe me? 15k from Dec. Same exact situation! Still haven't received a penny and we funded my merchant 250k!

  21. #21
    Quote Originally Posted by Olah54 View Post
    You just brought Prompt to light - Michael - Where's the Money you owe me? 15k from Dec. Same exact situation! Still haven't received a penny and we funded my merchant 250k!
    We never had a situation that we never payed anyone. Give me a call 212-221-3644

  22. #22
    Quote Originally Posted by Michael_Prompt View Post
    We never had a situation that we never payed anyone. Give me a call 212-221-3644
    I've called plenty of times and was only told lies, ignored and called forwarded.

    I called after your message on here - still waiting for a call back that never happened -

    Michael you did advise today you renewed my deal several times and acknowledge that you never paid my commission? Where's my money!

    But yet on DF you claim to always pay.

  23. #23
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    Yikes!!!

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