[InfiniteCap]

Hey Guys

Hope everyone is doing well.

I"m having an experience with a funder, which just renewed my merchant and is stating that they are not going to be paying commissions on the deal since it was refinancing with a NEW program they started to help merchant due to Covid.

Merchant was on a lowered payment with them, but the funder was willing to refi and provide the merchant with net new funds about $20K, and brought the payment back up to normal.

Is anyone else experience something like this? is this normal? I feel as if they are willing to fund they should be willing to pay commission to the referal partner.
This attempt seems like a way to by pass paying commissions.

Not putting names out there right now, just trying to get feedback as to if my claim of wanting to get paid makes sense or if the funders claim to not pay commissions makes any sense or if anyone has heard of this new strategy.

Thanks for the feedback any questions let me know.

[moneypenny1]

seems like BS they should be paying you. even if its half cm should be something

[InfiniteCap]

thanks for the feedback, i agree seems like they are making any attempt to just not pay the contracts the merchant signed has no mention of a new program or covid, simply a standard renewal agreement.

[Anthony@torro]

Ben, long story short, your iso rep at this company isn't making any money at the moment and is keeping your commission for himself. I renewed 2 deals for you last month and paid you on both without you lifting a finger. If they don't make it right then do what you have to do.

[FlexibleCapitalSolutions]

Ben, long story short, your iso rep at this company isn't making any money at the moment and is keeping your commission for himself. I renewed 2 deals for you last month and paid you on both without you lifting a finger. If they don't make it right then do what you have to do.

do what you have to do ? sounds like you are advising someone to have a merchant default, or to take adverse action against a funder. Either way, very dangerous advice for you to be giving on a public forum with your employer, Fundry, displayed on your messages. Pretty sure this can cause some liability for you and your company. May want to be careful with your comments there cowboy.

[Anthony@torro]

do what you have to do ? sounds like you are advising someone to have a merchant default, or to take adverse action against a funder. Either way, very dangerous advice for you to be giving on a public forum with your employer, Fundry, displayed on your messages. Pretty sure this can cause some liability for you and your company. May want to be careful with your comments there cowboy.

What the hell are you talking about, I meant for him to post the company on here so other isos, such as yourself, know where not to send to. Capisce?

[FlexibleCapitalSolutions]

What the hell are you talking about, I meant for him to post the company on here so other isos, such as yourself, know where not to send to. Capisce?

Im glad you took it back, keep it corporate Anthony, Mr SENIOR Funding Coordinator

[Anthony@torro]

Im glad you took it back, keep it corporate Anthony, Mr SENIOR Funding Coordinator

Didn't take anything back or edit my post. You just have a colorful imagination and misinterpreted my post. Glad it all makes sense to you now flex.

[WestCoastFunding]

Im glad you took it back, keep it corporate Anthony, Mr SENIOR Funding Coordinator

Weird reaction after you misread what he wrote.

[RickyR3712]

do what you have to do ? sounds like you are advising someone to have a merchant default, or to take adverse action against a funder. Either way, very dangerous advice for you to be giving on a public forum with your employer, Fundry, displayed on your messages. Pretty sure this can cause some liability for you and your company. May want to be careful with your comments there cowboy.

Pretty funny that a company that backdoor deals to par is giving advice on what to be careful on.Is efinincal connected with uplyft?Also Plug your leaks cowboy

[FlexibleCapitalSolutions]

Pretty funny that a company that backdoor deals to par is giving advice on what to be careful on.Is efinincal connected with uplyft?Also Plug your leaks cowboy

relax Ricky Ricardo, this reach around isn't going to make Anthony give you better offers

and don't call me a cowboy

[RickyR3712]

relax Ricky Ricardo, this reach around isn't going to make Anthony give you better offers

and don't call me a cowboy

OK cowboy,keep stealing iso applications and see how far that gets you in life. Also I do not work with Anthony

[InfiniteCap]

Thanks Anthony

That is correct you always do pay on our deals, pleasure doing business with you! If only everyone was like that.....

Waiting to hear back from them should be calling me soon, lets see how we sort this out.

[JakeS]

I have seen other other funders restructure balances into new advances with no additional funds and not pay some of my ISOs a commission.
In your situation that is unfair to you. Pick your partners wisely .

[InfiniteCap]

The funder in this case was Uplyft Capital out in Florida.

www.uplyftcapital.com

They are refusing to pay the commission owed to us. Spoke with a rep there named Kevin, not our normal rep, he claimed to be the decision maker and the only person i can speak to since my credential are not high enough.

I know you need to know your funding sources well, and i guess i thought i did. But Beware out there to anyone dealing with Uplyft they are looking for any reason to not pay out commission on deals.

i have emailed the CEO Michael Massa - have not received a response as of yet. If i do i will update the board.

[Finance Guru]

We have been funding many renewals during the pandemic and pay our ISO's still today same day as funding!

[DTFdowntofund]

#popcorn

[FHFunding]

#popcorn

i never thought i'd get sick of popcorn, but these days there have been a lot of it