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01-29-2020, 04:34 PM #35
Reputation points: 11185
- Join Date
- Jun 2013
- Posts
- 293
Read your ISO agreements. Look for the section that discusses exclusivity on your submissions and cross it out. A lot of funders include verbiage that gives them the right, after a certain amount of time, to contact your client and solicit them directly without paying you on it. That time given can be a month, or even as short as a week before they can start marketing to your client. And anyone who has tried selling something knows, not all sales are finalized on the first call. Sometimes, follow up is key in converting a deal. And that requires more time. And, you'd probably prefer to try and pitch that merchant later on without 5 other cash advance companies, that you sent the submission to, trying to pitch them as well.
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