Quote Originally Posted by J.Celifarco View Post
Im sorry, I dont see how a 4th position is ever a good idea for the merchant or the bank... The merchant may not realize it but with that many loans out their cash flow is getting killed, and for the bank if the merchant will go 4 you know they will go 5.. Why do it, what is there to gain??? For the ISO why waste time trying to squeezer out and fight for a 4th position when your time can be spent working deals that have a real profit margin.. I just dont get it
What's wrong with it Johnny? The rep made a commission and probably charged a fee! That's all they care about

Taking 40-50% of the gross sales away? who cares!? Merchant defaults and goes into bankruptcy? Who cares?!

What? Me, predatory?