[Andy]

I don't agree with this statement at all. Stacking has become the norm for a some banks and some iso's not all. Also the bigger banks will never stack or stop paying off balances to each other because they want to continue to be paid off. As long as MCC, ODC, CAN, and the other big banks continue to payoff balances most banks will follow suit. The ones that don't will continue to get sued and I don't think these smaller banks have the budget to go up against these bigger companies. The cost of stacking will eventually outweigh the profit

I agree no way will stacking become the norm for all companies. There will always be the big players that will not stack. Because lets be real, is paying 25+% of your gross sales towards cash advance debt really a good or sustainable idea for most businesses? The established players keep payments low for a reason. Stacking only appears to be the norm because as new players enter the game they have to stack in order to get market share. Cant beat an ODC MCC or CAN rate? Lets stack on it instead. That is why some of the newer stackers are now doing longer terms, because they have no other way to gain market share. They will soon learn why no one else is doing 6 month 3rds at 1.40, because add in default rates and lawsuits and its not such a profitable business anymore....

[GRP Funding]

I'm with John and Andy on this one.

[J.Celifarco]

I agree no way will stacking become the norm for all companies. There will always be the big players that will not stack. Because lets be real, is paying 25+% of your gross sales towards cash advance debt really a good or sustainable idea for most businesses? The established players keep payments low for a reason. Stacking only appears to be the norm because as new players enter the game they have to stack in order to get market share. Cant beat an ODC MCC or CAN rate? Lets stack on it instead. That is why some of the newer stackers are now doing longer terms, because they have no other way to gain market share. They will soon learn why no one else is doing 6 month 3rds at 1.40, because add in default rates and lawsuits and its not such a profitable business anymore....

Over the past year a lot of new companies have opened and everyone is trying to find their place in the industry. To speed up the process they tried to gain market share quickly by stacking because it is easier then looking for quality 1st position deals or waiting till a merchant qualifies to pay off a current balance. AS these deals start to go bad and I think we all know they will when you are taking 25%-30% of a merchants gross sales, thats when all these new companies will be in trouble. I think you will see a lot of these companies leave the industry as fast as they came in. I just don't see how a business model based solely on stacking can stay viable when you factor in both bad debt and the cost law suits

[Chambo]

Over the past year a lot of new companies have opened and everyone is trying to find their place in the industry. To speed up the process they tried to gain market share quickly by stacking because it is easier then looking for quality 1st position deals or waiting till a merchant qualifies to pay off a current balance. AS these deals start to go bad and I think we all know they will when you are taking 25%-30% of a merchants gross sales, thats when all these new companies will be in trouble. I think you will see a lot of these companies leave the industry as fast as they came in. I just don't see how a business model based solely on stacking can stay viable when you factor in both bad debt and the cost law suits

when the merchant who collapses under 4 positions has to explain to the IRS why they cannot pay their tax obligations ("These cash advance companies are taking all of my revenue! There's nothing left!") is when stacking will stop immediately