Results 1 to 13 of 13
Hybrid View
-
05-28-2020, 10:31 PM #1
- Join Date
- May 2020
- Posts
- 105
How to prevent backdooring?
Any tips? Obviously, one way is for ISO’s to not include merchants’ contact info on the application
-
05-29-2020, 08:24 AM #2
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 200
Do business with reputable funders who are transparent.
-
05-29-2020, 09:19 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
-
06-02-2020, 01:13 PM #4
-
05-29-2020, 09:39 AM #5
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
1. Invest in technology. CRM. Security Camera. Tracking Software.
2. Limit where you send your files. Have a core group of funders.
3. Know that "Buyers are Liars", Trigger Leads are real, and once your client has been funded 1 time - they will be called by everyone. Every day.
4. Don't hire brokers who "know the industry". Snakes, Flakes and tons of Punks.
Backdooring is a part of the business that we all have to deal with but it boils down to: C.Y.A. at all times.
-
05-29-2020, 10:06 PM #6
- Join Date
- May 2020
- Posts
- 105
What’s cya?
-
06-01-2020, 10:25 PM #7
- Join Date
- Nov 2017
- Posts
- 153
Elevate is Great
-
06-09-2020, 02:17 PM #8
- Join Date
- Mar 2019
- Posts
- 254
As a few people here just mentioned, you have to know who you are sending your files to and ensure that they are trustworthy.
Constantly monitor and stay on top of your deals. Im sure that pretty quickly you will see who are the honest ones and who are not.EPIC ADVANCE
Mark@epic-advance.com
-
06-09-2020, 02:30 PM #9
- Join Date
- Jun 2015
- Posts
- 3,325
Elevate and IRM are both trustworthy companies
-
06-09-2020, 03:56 PM #10
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
-
06-09-2020, 04:12 PM #11
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 200
Thank you both! We are very careful with not just who we hire, but who we work with as well. It's important to align yourself with like-minded people. We also spend considerable resources to monitor all customer interactions and have software in place to flag any potential issues.
-
06-09-2020, 04:25 PM #12
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
-
06-09-2020, 03:13 PM #13
- Join Date
- May 2018
- Posts
- 70
Similar Threads
-
Mca crm, to prevent inhouse backdoors
By Zonefund in forum Merchant Cash AdvanceReplies: 5Last Post: 06-05-2019, 07:35 PM -
How to prevent a clawback
By WallStreetFunder1 in forum Merchant Cash AdvanceReplies: 5Last Post: 04-09-2019, 11:35 AM -
backdooring again
By ryan $ in forum Merchant Cash AdvanceReplies: 43Last Post: 11-29-2018, 04:53 PM -
Backdooring iso's
By Jason JG in forum Everything elseReplies: 16Last Post: 07-28-2018, 11:48 AM -
Knight Is Backdooring
By CthulhuNJ in forum Merchant Cash AdvanceReplies: 44Last Post: 07-10-2018, 05:59 PM