[mcaguru]

When we retire at 85 will have this conversation about marketing strategies. in my past i recruited more ISO's for the credit card processing arena than anyone else in the country ..In fact Greensheet has ranked us #1 in ISO by reps (and than boarded over 100,000 merchants) -- so if anyone can give advice --- enough said.

[Lmonus]

When we retire at 85 will have this conversation about marketing strategies.

I hope we both retire long before that man.

[RickyR3712]

When we retire at 85 will have this conversation about marketing strategies.

Wow you are the gift that keeps on giving.Did you just admit that your marketing strategy is to lie?

[mcaguru]

I hope we both retire long before that man.

my family we dont stop --- but god makes the plans i just follow.

[mcaguru]

Wow you are the gift that keeps on giving.Did you just admit that your marketing strategy is to lie?

Interesting you say that, I tell each ISO Partner that unlike a 1 time sale (a car or boat) you can lie cheat the buyer wont see you again... in the funding space you got tot keep proving yourself and what you say on a forum or on the phone when making a pitch does not work in our space ---we are getting almost to a decade and only growing and almost all our partners are with us from sign-up stage and stay current !

[patrickw]

I received 2nd position from Principis that are insane lately. Aside from them I like IOU, QS, 1st merchant and knight.

You mean them https://www.1stmerchantfunding.com/?

[VitalCapJeff]

B & C 2nd’s & 3rd’s is our sweet spot. We consistently give solid offers and quickly make revisions when needed in order to get the deal closed. Reach out and I’ll run through our guidelines with you.

Jeff Pecori
ISO Relations manager
VitalCap Fund
48 Wall St. New York, NY 10005
P. 850.630.7509
F. 646.219.7949
jeff@vitalcapfund.com

[WestCoastFunding]

You mean them https://www.1stmerchantfunding.com/?

Yep. Good 1st position funder. Very good 2nd.

[CraaaCraaa Radio]

Who are the top clean 2nd /3rd pos funders you use?

I will say that plenty of funders in the marketplace that offers 2nd 3rd positions.

The way you become a 6 figure broker is to learn the specific niche of each funder, and cross reference that with the following:

A- SIC (Industry)

B- Years in Business

C- Frequency # of Deposits Monthly/ Monthly Revenue/ CC Revenue

D- Daily Balances/Ledger

E- Ending Balance

The more you find out about the merchant, the more you can offer competitive pricing and will know which funder to go to for offer.

Learn the details and uw guidelines of each funder, along with specific niche programs. Only than you can maximize on each funder properly

[HFS]

Since when is Principis doing seconds? That is news to me

Doing up to thirds

[Accord Business Funding]

Accord goes out to 3rd position. 2nd position B paper is our sweet spot. Reach out if you would like details of our revised underwriting guidelines and niche programs. Easy sign up via DocuSign on our website https://accordbf.com/

ABF DF.PNG

[Sachip24]

Vital is top tier in 2nd and 3rds...and Principis gives strong 2nds now too and they have the add on program for 1st positions which comes quite in handy

[VeganFunder]

Damn Marcus-- you're good.
Here we have a thread on 2nd position funders and lo and behold-- here we are talking about you.


Regarding PSF's--- ahhhh just sell the fees properly! If you can't sell it then you're just going to have settle for your double digit commission.
Don't say there's only a $500 bank fee and THEN charge an additional PSF from your sales rep and THEN another fee from the ISO. You will have your own Jerry Bush in no time (which i don't wish on anyone)

Jeez Marcus have a heart.

Just curious, what do you tell people your default rate is?

[Mynameisbob]

Interesting you say that, I tell each ISO Partner that unlike a 1 time sale (a car or boat) you can lie cheat the buyer wont see you again... in the funding space you got tot keep proving yourself and what you say on a forum or on the phone when making a pitch does not work in our space ---we are getting almost to a decade and only growing and almost all our partners are with us from sign-up stage and stay current !

You would be much more effective pumping penny stocks than pumping your company. You single handedly made your company look like a joke.

[mcaguru]

You would be much more effective pumping penny stocks than pumping your company. You single handedly made your company look like a joke.

I got to be careful . i was on the board of a publicly traded company in the past and had to keep my mouth sealed. ( something i am actually very good at -- i know its hard to believe that one!).