ISO blocked clawaback
Need a Funder or Vendor? START HERE

Results 1 to 25 of 27

Hybrid View

  1. #1
    Quote Originally Posted by elibacefundingllc.com View Post
    "Perception Capital Group". The guy there calls himself "Kevin james". His real name is Isaac Suleymanov.
    Withhold commision on his next renewal. As long as your iso agreemant allows it.

  2. #2
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
    Join Date
    Jul 2018
    Location
    London
    Posts
    480

    I used to recoop 50% commission on future deals until the clawback amount was completed. That way it will not deter them from sending.

  3. #3
    Quote Originally Posted by DTFdowntofund View Post
    I used to recoop 50% commission on future deals until the clawback amount was completed. That way it will not deter them from sending.
    That's a good idea. Hopefully I get him to send deals still.
    Thanks

  4. #4
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    254

    Quote Originally Posted by DTFdowntofund View Post
    I used to recoop 50% commission on future deals until the clawback amount was completed. That way it will not deter them from sending.
    I doubt a broker like this is going to be sending in any more quality files.
    If it gets to this point usually the relationship is done.
    Also not sure I would want to fund for a broker that fights with you so much about a clawback. The good brokers understand the clawback situation and take it like a man and move on to the next deal.

  5. #5
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
    Join Date
    Jul 2018
    Location
    London
    Posts
    480

    Quote Originally Posted by Akanner View Post
    I doubt a broker like this is going to be sending in any more quality files.
    If it gets to this point usually the relationship is done.
    Also not sure I would want to fund for a broker that fights with you so much about a clawback. The good brokers understand the clawback situation and take it like a man and move on to the next deal.
    Can't hurt. & put a bit more diligence into the UW afterward.

  6. #6
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    254

    Quote Originally Posted by DTFdowntofund View Post
    Can't hurt. & put a bit more diligence into the UW afterward.
    Correct that it is always worth another shot, but I cannot see a broker going from blocking a CB to sending you any files let alone garbage files.

  7. #7
    Banned Reputation points: 7898
    Join Date
    May 2016
    Posts
    90

    Quote Originally Posted by fund it View Post
    Withhold commision on his next renewal. As long as your iso agreemant allows it.
    seems automatic that he wouldnt get paid on anything else, as that its almost every ISO agreement. let alone the iso having the balls to ask to get paid for anything further.

Similar Threads

  1. Replies: 4
    Last Post: 03-15-2020, 11:29 AM
  2. R08 - blocked payments
    By SmartAdvanced in forum Merchant Cash Advance
    Replies: 4
    Last Post: 03-13-2019, 10:11 AM
  3. Blocked funds as collateral ?
    By geetee12345 in forum Deal Bin
    Replies: 11
    Last Post: 11-29-2016, 03:17 PM
  4. Replies: 31
    Last Post: 05-03-2016, 05:06 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend
Pipe secures $100M credit facility


DIRECTORY