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06-25-2020, 05:56 PM #15Member
Reputation points: 120
- Join Date
- Feb 2020
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- 16
Thanks man
Originally Posted by Gables Capital Group
I'm glad it never comes up. If it did, I was going to say "I don't charge you anything. Instead the lenders pay me out of their overall corporate profits—not out of your money." Which is true: even if that merchant defaults after 2 or 3 months, I still got paid, based on the clawback provision in the ISO agreement.
Others suggest I charge a PSF on top of the commission, which is an idea I may incorporate in the future. Keeping it simple for now.
Should I ask what FOH is?
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