[brokerCompany]

PARFUNDING

anyone work with these guys?

[Lmonus]

They do reverses but the majority of the ISO's i work with have all had bad experiences with them. Be very careful

[Abe Kand]

Jimmy from PAR is a good guy. Their whole operation is very organized and efficient

[RickyR3712]

They do not pay renewals ever

[ryan $]

They do not pay renewals ever

Untrue.

If you stay on top of YOUR Merchant, and SUBMIT new docs to them asking for a RENEWAL, they will give you an offer and if you sell it it's yours.

If you aren't on top of your **** and they renew in house, they won't pay you.

[stackcity_4208]

PARFUNDING

anyone work with these guys?

Jimmy S is a good man and aggressive on deals. Try them out for yourself and you make the judgement call. send 1 or 2 deals in and than based off that you will know what to do?

[stackcity_4208]

Jimmy S is a good man and aggressive on deals. Try them out for yourself and you make the judgement call. send 1 or 2 deals in and than based off that you will know what to do?

jack.m@parfunding.com (ISO RELATIONS AT PAR)

[RickyR3712]

Untrue.

If you stay on top of YOUR Merchant, and SUBMIT new docs to them asking for a RENEWAL, they will give you an offer and if you sell it it's yours.

If you aren't on top of your **** and they renew in house, they won't pay you.

I did submit and this is what happened to one of them

They called him direct and offered him an add on at 15% cheaper than buy rate and than told merchnat that if he lets me know they will never fund him again or continue giving him on the reverse.I called up my rep she just answered f..k and said if you can close him we can pay you a couple of points. i did and got the runaround for months and never got paid.
They have and still always paid me on new deals

[Lmonus]

Untrue.

If you stay on top of YOUR Merchant, and SUBMIT new docs to them asking for a RENEWAL, they will give you an offer and if you sell it it's yours.

If you aren't on top of your **** and they renew in house, they won't pay you.

Thats messed up man, even if you didnt work the renewal - I always pay my ISO's on renewals regardless of how much work they put into them. Super screwed up to not pay someone.

Im sure you wouldn't be ok with that either if it was your deal.

[Don Dolla]

sounds about par for the course

[stackcity_4208]

Jimmy from PAR is a good guy. Their whole operation is very organized and efficient

sounds like a personal issue

[Accord Business Funding]

Thats messed up man, even if you didnt work the renewal - I always pay my ISO's on renewals regardless of how much work they put into them. Super screwed up to not pay someone.

Im sure you wouldn't be ok with that either if it was your deal.

I agree, that is really screwed up. We always give our ISO partners a heads up when a merchant is 65% complete and let them know their merchant is eligible for renewal. From there we ask our ISO partners to send in merchants most recent statements for renewal offers. Always pay your partners on renewals.

[brokerCompany]

I never send new guys more than a 10-15k deal. PAR rep seemed ok on the telephone but so do the other 10 "funder" calls I get a day

[mcaguru]

you guys are all on par...

[BROKER TIME]

you guys are all on par...

dont you usually like to fund behind them?

[Lmonus]

Personally, if i see PAR or Complete in the deal i decline it right away. I don't want a deal that was or is associated with them.

[stackcity_4208]

Personally, if i see PAR or Complete in the deal i decline it right away. I don't want a deal that was or is associated with them.

Lior you dont have the funding capacity to offer funding amounts that Par offers? What is the max funding amount for CFG?

[Lmonus]

Lior you dont have the funding capacity to offer funding amounts that Par offers? What is the max funding amount for CFG?

Funding Capacity to compete with Par? The majority of their fundings are Reverse consolidations so no, i cant do that. Biggest deal ive personally funded was 375k and it was for an iso i do over 30 units per month with. So, the iso who signed up yesterday wont get the same pricing.

I personally dont favor the big whales, ide rather close a bunch of 50-100k deals than one 500k whale. Too much exposure on one file...

[Zev08]

Par is by far the top consolidator in the industry....
I definitely recommend working with them

[abfunders]

I think the "best" consolidation in the industry is a non-MCA product, but yeah, Par is wicked on their reverses. And a 5th position 1.30 buy rate? Unbeatable.

[ryan $]

Thats messed up man, even if you didnt work the renewal - I always pay my ISO's on renewals regardless of how much work they put into them. Super screwed up to not pay someone.

Im sure you wouldn't be ok with that either if it was your deal.

Unfortunately in this Industry, I get the good and the bad.

Wide is a GREAT Company (IMO)
2 Weeks after they give you an offer and you dont sell it they will call direct and try to sell it, most of the time i would fund a different offer and wide just stacks theirs.

You just expect things from different lenders..... I LOVE RAPID - But their renewal policies anger me to no end.

They CUT THE POINTS on renewals, and only pay you on what the Merchant Nets. Explain that. You Fund 100k, the factor is on 100k, yet your paid on what they NET

But they will Fund and Pay on a renewal with you literally doing no work.

[happyman]

[Abe Kand]

Funding Capacity to compete with Par? The majority of their fundings are Reverse consolidations so no, i cant do that. Biggest deal ive personally funded was 375k and it was for an iso i do over 30 units per month with. So, the iso who signed up yesterday wont get the same pricing.

I personally dont favor the big whales, ide rather close a bunch of 50-100k deals than one 500k whale. Too much exposure on one file...

So your dollar amount varies based on how many submissions you receive from an ISO/How much you fund with them?
Strange strategy. I usually give all my ISO's the max amount a deal deserves regardless of volume.

[Lmonus]

So your dollar amount varies based on how many submissions you receive from an ISO/How much you fund with them?
Strange strategy. I usually give all my ISO's the max amount a deal deserves regardless of volume.

No, all im saying is that im not going to give a 300k offer to an iso i havent closed a door with. How do i know they wont stack me the next day? Then again a week later and then a reverse. What will they do when the merchant needs more money? What are they going to do when the merchant needs relief? Ask me to lower payments, or send to a debt restructure place?

[Lmonus]

How much does "Lifetime Funding" fund per month? Ive never seen you in a bank statement and i see about 400 submissions per day. Your website says you provide every capital service under the sun. LOC, Invoice Factoring, Start Up, Equipment Financing Etc and you just created your LLC on Aug 15th.... Sounds like your a broker to me or just another white label.