Results 1 to 20 of 20
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05-17-2020, 10:55 AM #1
- Join Date
- May 2020
- Posts
- 105
Buy own leads at ISO shop?
Is this normal for a broker to buy his own leads while working for an ISO shop? The shop is Premium Merchant Funding.
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05-17-2020, 11:07 AM #2
- Join Date
- Jun 2015
- Posts
- 3,325
No. But they are huge ,they have a 100 plus reps so they might be doing something right
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06-09-2020, 03:56 PM #3
- Join Date
- Apr 2017
- Posts
- 3
HAH!!!! They basically do not pay their "reps" until 30 days from when the deal closes. They say it's due to the CLAWBACK period, however, once you think you are getting paid they will say "PMF does not pay individuals, you need to open an LLC". This may seem like common sense to people that have worked in the industry for a while, but they do not inform their reps of this before hand. I was a team lead there and it's disgusting the things they do. I closed 5 deals my first month, never got paid on one of them and just left.
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06-10-2020, 04:10 PM #4
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
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06-10-2020, 04:59 PM #5
- Join Date
- Jun 2020
- Posts
- 3
Hello Mr. Dimes44,
I normally do not engage in false reporting but I could not resist on this one. I am not sure if you really think anyone believes you funded five deals then decided to leave... Furthermore, you were never a team leader. I do not know who you are but I can assure you that if you did in fact fund five deals then we would know. It is not uncommon to be paid every 30 days to avoid the clawback period. PMF did not get to 250+ reps, 7 offices, and 2 countries by not paying reps. I hope this clears everything up Mr. Dimes44.
-Mason Kashat - 212-931-6852.
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06-10-2020, 05:04 PM #6
- Join Date
- Jun 2020
- Posts
- 3
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06-10-2020, 05:08 PM #7
- Join Date
- Jun 2020
- Posts
- 3
Hello Michael,
As I mentioned on our first call when you inquired about working for us; we do not require you to purchase your own leads. However many MCA reps are always searching for the best leads and they are not prohibited from sourcing their own leads. All leads have to go through our system in order to remove TCPA litigators and people placed on the DNC list.
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06-12-2020, 11:48 AM #8
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06-16-2020, 11:17 AM #9
- Join Date
- Nov 2018
- Posts
- 23
Well handled Mr. Kashat
Last edited by fundjax; 06-16-2020 at 11:18 AM. Reason: typo
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06-17-2020, 11:25 PM #10
I recall a Premiere Capital Funding out of BK too. Not affiliated with the Premiere in the reverse consol arena.
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08-19-2021, 11:06 AM #11
- Join Date
- Feb 2021
- Posts
- 7
Even though they are a huge broker doing big numbers, they cannot be trusted.
We got beat out by one of their brokers for 150k because they sent a term sheet to merchant for 150k same deal we had but more expensive of course, and following in 3 months a $300k 12% APR 48 months !!!!!!!!!!!!!!!!!!!!
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08-30-2021, 01:19 PM #12
- Join Date
- Mar 2021
- Posts
- 186
I have a friend that worked in one of their offices for about 3 months. He closed deals, got paid on them, and left. He said it was disgusting what went on there. The place stank of dishonesty and games.
Being big doesn't mean you are doing something right. That's foolish. It just means you found a lot of scum brokers and gave them a scum home.
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08-30-2021, 01:30 PM #13
- Join Date
- Jul 2017
- Posts
- 9
Pmf
Had deal they funded with pirs for 1.49 460k 15 months they lied with line of credit offer in the first month, put in fake docs in the contract now merchant cant pay they are bunch of liars. they promised him line of credit with payback of 480k instead 689k. PMF screw people over. reach out to me if you don't believe it
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08-30-2021, 01:42 PM #14
- Join Date
- Feb 2017
- Posts
- 3,433
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08-30-2021, 01:47 PM #15
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
If you have enough energy to complain then you have enough energy to leave.
Furthermore, I find it difficult as to why you find 5 minutes from your day to badmouth other companies!
There is one thousand four hundred and forty minutes in a day, use your time to provide the service your competitors failed to deliver?
If you want to work with an ethical company in this shady industry please reach out to me.
Channon Smith,
Funding Specialist
| Office | (646) 766-9922 Ex 1027
| Fax | (888) 894-3518 or (212) 706-0117
| Email | CSmith@ProsperumFunding.Com
8 West 36th Street, Floor7 | New York, NY 10018
ProsperumFunding.Com
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08-30-2021, 03:21 PM #16
- Join Date
- Mar 2021
- Posts
- 186
Why are you having their back? everyone knows they are terrible news. It's company culture. Say whatever you need to get app & statements in.
say whatever you need to to get docs signed. They are a large part of why we are all seen as bad apples & liars.
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08-30-2021, 03:22 PM #17
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
Are we forgetting that the industry is not regulated?
If you want structure push for regulation to be in the industry?
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08-30-2021, 03:25 PM #18
- Join Date
- Feb 2017
- Posts
- 3,433
I don't have PMF's backs. I just notice a pattern that merchants lie about their experiences, and there are many rogue employees who do stupid things. I prefer not to listen to heresay. Innocent until proven guilty. If you know otherwise because your worked there, that's a different story.
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08-30-2021, 04:58 PM #19
- Join Date
- Aug 2021
- Posts
- 5
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08-30-2021, 05:02 PM #20
- Join Date
- Aug 2021
- Posts
- 5
if a broker can get his hands on some good leads why not invest just make sure you work something out with the shop your working for
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