Something I've failed to understand in the few years I've been in this business, is why funders outsource deals to other funders ... sometimes outright robbing ISO's in the process.

It's not as if the ISO isn't going to find out when they are the only ones in contact with the merchant, when lo and behold, they get a call from someone else immediately following a decline or poor approval.

In any case, I don't understand the point: if one funder declines a deal, why would another bank be any different? What's the logic behind this?