How and when do you disclose your commission to clients?
Need a Funder or Vendor? START HERE

Results 1 to 25 of 38

Threaded View

  1. #6
    Quote Originally Posted by Yankeeman07 View Post
    I'm anticipating you are joking - volunteer your commission structure?

    I would want to review any ISO Agreement that requires me to disclose my commissions anyone.

    BTW - if my memory serves me correctly, all contracts have a Privacy-Non-Disclosure Clause"
    Thanks Dave for taking the time to reply!

    If I put myself in the merchant's shoes, if I were borrowing 60k @ 1.40 FR, and being informed I needed to repay 84k, I might reasonably ask "And how much of that goes to you for connecting me with the lender?"

    If the guy hemmed and hawed or refused to answer, I might well conclude I'm getting stiffed, and try to get it lower elsewhere and start "shopping". (I'm the merchant in this example, it's a normal thing to try to cut costs, and that starts with knowing what they are.)

    So to avoid the shopping reflex, I wanted to start off on the right foot with a good answer ready for the merchant. If someone asks this, I assume the answer isn't "None of your business," that there has to be a diplomatic way of dealing with it, even if it doesn't include revealing the number.

    Cheers
    Last edited by Daily Fun; 06-25-2020 at 04:16 PM.

Similar Threads

  1. Replies: 5
    Last Post: 04-15-2020, 09:21 PM
  2. Replies: 128
    Last Post: 05-09-2018, 04:42 PM
  3. Scumbag Broker Refuses to Disclose Material Terms
    By helpinghand in forum Merchant Cash Advance
    Replies: 29
    Last Post: 08-10-2017, 10:18 PM
  4. Replies: 1
    Last Post: 07-16-2017, 08:42 AM
  5. Replies: 1
    Last Post: 06-12-2016, 11:22 AM


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

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY