Quote Originally Posted by happyman View Post
Its unreliable and full of funders saying merchant defaulted just so no one touches them. also, at $500 a month, idk its a nice idea but Ive been doing just fine since I canceled my subscription.
I find DataMerch extremely unreliable- PayNet is the way to truly perform due diligence in my opinion. Even then, need to be careful and know who's reporting missed payments. I have a long time merchant who I have been funding for years, we wanted to switch lenders and get a buyout- the new lender tells me that there are 27 missed payments reported to PayNet, I check and see the same thing. This merchant has never missed a payment in her life- its a big file and the new lender tells me that this is possibly the old lender trying to keep the merchant in house. Un-real. Anyway- I spoke to the current lender and it was removed the same day without argument and stating it must have been a mistake- which seems to confirm suspicions. Gotta be careful and trust but verify all your partnerships...