When Merchant's refuse to work with their broker.
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  1. #1
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    this is getting off the point of the original post.. The question was IS IT OK TO NOT PAY AN ISO COMMISSION ON A RENEWAL? All anyone said is unless there was a breach in the ISO agreement then no matter what the situation you pay the commission. Every bank out there will have ISOs that love them and ISOS that hate them. This is about basic business practices and if or when it is ok to no pay a commission. Fusion seems to think they own the deal, when at the end of the day they would not have it unless the ISO brought it to them. This all comes back to the same question was the ISO agreement breached Yes or No. Nothing else matters.

  2. #2
    Quote Originally Posted by J.Celifarco View Post
    this is getting off the point of the original post.. The question was IS IT OK TO NOT PAY AN ISO COMMISSION ON A RENEWAL? All anyone said is unless there was a breach in the ISO agreement then no matter what the situation you pay the commission. Every bank out there will have ISOs that love them and ISOS that hate them. This is about basic business practices and if or when it is ok to no pay a commission. Fusion seems to think they own the deal, when at the end of the day they would not have it unless the ISO brought it to them. This all comes back to the same question was the ISO agreement breached Yes or No. Nothing else matters.
    Exactly if the ISO agreement wasn't breached then the broker deserves to get paid, if it was breached then its a different animal.

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