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10-24-2019, 03:59 PM #1
- Join Date
- Jun 2018
- Posts
- 462
Fundkite
Funded my first deal with them got paid the commission splendid!!
than came time for renewal i sent in the updated paperwork from the merchant
and fundkite told me that they would like to wait a bit longer before refing the deal
so i waited a couple of weeks and reached out to the merchant and asked him if he was ready for the renewal
he sent me the updated docs and i saw a deposit from fundkite after they declined my renewal!!!!!
and the kicker is they didnt even renew they gave him another position pulling as fund kite!!!!
so he now has 2 positions from fund kite and now im beaten out of a commission
when i talk to my rep he keeps saying they will send it but its been over a month and now they rep at fund kite has gone ghost
anyone else have an experience like this with them?
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10-24-2019, 05:43 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
All this means is that Fundkite whitelabels with multiple companies. They mostly use YSC and Par.
So here’s the test: submit this deal to YSC. When your YSC rep tells you the merchant is already funded by YSC, then there’s your answer.
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10-24-2019, 07:34 PM #3
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
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10-25-2019, 09:28 AM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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10-24-2019, 05:56 PM #5
- Join Date
- Jul 2013
- Posts
- 352
Here's another rep:
Egor Gagarin
929-443-3300
steve kamhi is the "senior underwriter" over there and was previously with NuLook
YMMV with these guys
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10-24-2019, 09:00 PM #6
- Join Date
- Jul 2018
- Posts
- 193
They could have used another white label
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10-25-2019, 09:23 AM #7
- Join Date
- Jun 2015
- Posts
- 3,326
bottom line fundkite needs to pay the man full commission
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05-17-2023, 06:32 PM #8
- Join Date
- Mar 2023
- Posts
- 54
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05-18-2023, 03:59 PM #9
- Join Date
- Dec 2022
- Posts
- 5
ISOS BEWARE
Very shady practices over at Fundkite
Withheld $6,700 commission on a $55,900 deal due to a “no stacking clause” in their contract
Ironically they killed their initial 90K offer on login because merchant took first position days prior unbeknownst to both parties.
Merchant proceeded - as most do - to stack himself again with a different broker a week later. However merchant did not miss a single payment and we are 4 weeks into the deal.
So after coming in and stacking as the second position now you scum the ISO out of their commission while continuing to collect your full payment.
Then you “funders” wonder why brokers coach the merchant to go to RAM or debt collection.
I will continue to update this thread until commission is paid in full EGOR because your hypocritical excuse to not do so is outrageous.
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05-19-2023, 05:36 AM #10
- Join Date
- Apr 2021
- Posts
- 45
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05-19-2023, 01:00 PM #11
- Join Date
- Dec 2022
- Posts
- 5
What part of this is hard to believe - what more could there possibly be lol - they stacked and then didn’t pay commission because they got stacked - simple ass that - ass backwards shady practice doesn’t matter now anyway already sent merchant to debt collection have fun receiving 50$ a week for next few years
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11-06-2023, 03:01 PM #12
- Join Date
- Sep 2023
- Posts
- 15
damn. thats tough to hear. sorry about that. start working with us at finpoint funding. we pay out 12 points and always pay out on renewals.
Louis Stern
ISO Relations, Finpoint Funding
C. (646)348-4197 | Louis@finpointfunding.com
www.finpointfunding.com
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11-06-2023, 04:13 PM #13
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11-07-2023, 10:20 AM #14
- Join Date
- Jul 2023
- Posts
- 39
I have a horrible experience with them !! look at my previous post about it. every single merchant goes ghost right after a "merchant interview" with fund kite
not a coincidence !
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06-30-2024, 06:28 AM #15
- Join Date
- Aug 2018
- Posts
- 877
The first time i submitted to them, they were my only choice to get a decent approval to the file. After login was done, etc, (300k file fyi, i couldn't sell anything c- to d paper to him, i had a 1.369 sell via fundkite making 7), my file couldn't get an FC scheduled for 2 days. Lo and behold, within that time, an iso reached out to my merchant, somehow knew his funding was held up elsewhere, and sent a contract with the same offer (sell, term, $ amount) through delta, and funded him w/o needing stips (he had them all somehow). I never used them since. I don't take unnecessary risks. I don't believe it was another funder, or a broker using the same marketing as me. The same day he got funded elsewhere i finally got an update that it was declined for a reason that made zero sense.
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06-30-2024, 06:29 AM #16
- Join Date
- Aug 2018
- Posts
- 877
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06-30-2024, 06:30 AM #17
- Join Date
- Aug 2018
- Posts
- 877
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06-30-2024, 06:32 AM #18
- Join Date
- Aug 2018
- Posts
- 877
Funny ****. Mine didnt ghost but told me at the last minute he got called by an iso who somehow knew he had issues getting funded, who somehow immediatly sent him a contract and funded him w/ no other stips (he only sent his poo dl vc to me). I had no response for 2 days from fundkite . Egor treated me the same way he probably treats his wife or mother.
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06-30-2024, 06:33 AM #19
- Join Date
- Aug 2018
- Posts
- 877
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