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01-09-2020, 10:17 AM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Kapitus Competitor
Hey guys:
I have a competitive deal that was structured with Kapitus originally through another ISO. The merchant has a 12 month term, weekly payment, but a substantial discount if they pre-pay within 90 days. 700 scores, $600K monthly deposits, in the insurance industry.
Anyone out there that can get creative for an early pay off you guys know of? The factor rate is a 1.3
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01-09-2020, 10:22 AM #2
At Fox if they pay off within 30 days it's an 8 point discount, 6 points for 60 days, and 4 points for 90 days.
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01-09-2020, 10:31 AM #3
- Join Date
- Feb 2019
- Posts
- 124
insurance broker or provider.. What type of insurance?
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01-09-2020, 10:39 AM #4
- Join Date
- Apr 2016
- Posts
- 76
I would try Rapid!
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01-09-2020, 12:51 PM #5
- Join Date
- Aug 2017
- Posts
- 405
Rapid. Super G is also very good with Insurance. If they like the deal monthly spread out over 24 Months
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01-15-2020, 07:21 PM #6
- Join Date
- Mar 2019
- Posts
- 105
You have a contact at Super G that you would mind sharing?
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01-09-2020, 01:48 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
from what ISO's tell me Kapitus is in a league of their own! -
Last edited by mcaguru; 01-09-2020 at 01:51 PM.
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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01-09-2020, 02:07 PM #8
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
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01-09-2020, 01:50 PM #9
- Join Date
- Jun 2019
- Posts
- 44
business backer
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01-09-2020, 03:48 PM #10
- Join Date
- Feb 2017
- Posts
- 3,463
Definitely beat them with Bluevine on this one! Their term loan at 6 months can go way under 1.3 and the LOC is amortized and prepayment gets rid of the remaining interest. Pays only 3 points, but then they'll use it again and again you can be sure.
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01-09-2020, 04:49 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
What is the exact early pay discount you’re up against?
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01-13-2020, 02:04 PM #12
- Join Date
- Jan 2017
- Posts
- 389
We have excellent pre-pay discounts for our ISO's.
Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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