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08-28-2019, 12:22 PM #1
Par Funding
PARFUNDING
anyone work with these guys?
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08-28-2019, 12:27 PM #2
- Join Date
- Mar 2016
- Posts
- 908
They do reverses but the majority of the ISO's i work with have all had bad experiences with them. Be very careful
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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08-28-2019, 06:37 PM #3
I have never had any issues with Par or Jimmy or Tori or the UW Team. Matter of fact if I need an increase and I can provide reasons why and it makes sense with PB months I always get. I like to shop around my reverse deals to get the best offer, and sometimes they do it and sometimes I get better offers on reverses. At times its the industry or something that came up that makes them go conservative on the reverse, but all in all Par rocks. I have got some chunky ass offers from them when I really needed it
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08-28-2019, 12:47 PM #4
- Join Date
- Aug 2019
- Posts
- 36
Jimmy from PAR is a good guy. Their whole operation is very organized and efficient
Warm Regards,
ABE KAND
Lifetime Funding
ISO Manager
Direct: (516) 604-0602
Address: 585 Stewart Ave Suite L90 Garden City, NY 11530
Website: www.Lifetimefundingllc.com
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08-28-2019, 01:41 PM #5
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08-28-2019, 12:47 PM #6
- Join Date
- Aug 2016
- Posts
- 831
They do not pay renewals ever
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08-28-2019, 12:57 PM #7
- Join Date
- Jun 2017
- Posts
- 2,049
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08-28-2019, 01:25 PM #8
- Join Date
- Aug 2016
- Posts
- 831
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
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08-29-2019, 09:13 AM #9
- Join Date
- Jun 2015
- Posts
- 3,326
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08-28-2019, 01:27 PM #10
- 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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08-28-2019, 01:41 PM #11
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.
Last edited by Accord Business Funding; 08-28-2019 at 01:44 PM.
Kevin Dinh
3131 Eastside Street, Suite 350
Houston, TX 77098
P: 713-322-9743
Email: kdinh@accordbf.com
Web: https://go.accordbf.com/DF-Partners/
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08-28-2019, 03:39 PM #12
- Join Date
- Jun 2017
- Posts
- 2,049
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.
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08-28-2019, 04:02 PM #13
- Join Date
- Apr 2018
- Posts
- 178
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08-29-2019, 09:24 AM #14
- Join Date
- Jun 2015
- Posts
- 3,326
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09-19-2019, 03:51 PM #15
- Join Date
- Aug 2019
- Posts
- 94
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08-28-2019, 01:18 PM #16
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08-28-2019, 01:22 PM #17
jack.m@parfunding.com (ISO RELATIONS AT PAR)
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08-28-2019, 01:29 PM #18
- Join Date
- Dec 2017
- Posts
- 397
sounds about par for the course
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08-28-2019, 01:44 PM #19
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
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08-28-2019, 02:02 PM #20
- Join Date
- Dec 2013
- Posts
- 4,713
you guys are all on par...
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-28-2019, 02:09 PM #21
- Join Date
- Jun 2018
- Posts
- 462
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08-28-2019, 02:11 PM #22
- Join Date
- Mar 2016
- Posts
- 908
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.
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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08-28-2019, 02:54 PM #23
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08-28-2019, 03:02 PM #24
- Join Date
- Mar 2016
- Posts
- 908
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...Last edited by Lmonus; 08-28-2019 at 03:05 PM.
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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08-28-2019, 04:59 PM #25
- Join Date
- Aug 2019
- Posts
- 36
Warm Regards,
ABE KAND
Lifetime Funding
ISO Manager
Direct: (516) 604-0602
Address: 585 Stewart Ave Suite L90 Garden City, NY 11530
Website: www.Lifetimefundingllc.com
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