Results 1 to 10 of 10
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10-14-2020, 04:26 PM #1
- Join Date
- Apr 2018
- Posts
- 111
Best Renewals in the Biz?
Auto deposits, no chasing?
go!
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10-14-2020, 04:42 PM #2
We've heard good things about Knight, Forward Financing, and Snap processing renewals and paying commission when a merchant goes direct.
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10-15-2020, 05:35 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
The key is to working with institutions that offer superior products and services that make great customer relationships. Don't focus on winning deals.....win customers. In performing due diligence on institutions one should always ask what the longevity is of customer relationships. Ours is in excess of 3 years which is far and above industry standard. Most facilities we provide have a 12 month term and most customers chose to renew with us because of the services we provide, flexibility, and we are very cost effective.
Our referral agreements pay referral fees for the life of the client. That being said, I have referral sources that are enjoying their commissions on clients we won 5 years ago on 12 month terms.
Never confuse a cheaper rate for the client with less referral fees. If you work with institutions that have a low cost of capital and superior services you tend to win more clients and those relationships are sticky. The low cost of funds also creates more spread on deals which in turn equals more referral fees. Some will gravitate to always making the fast, easy commission. Do not to step over dollars to pick up pennies.
Best,
KevinKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-15-2020, 07:40 PM #4
- Join Date
- Mar 2016
- Posts
- 904
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-15-2020, 07:59 PM #5
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
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10-16-2020, 11:49 AM #6
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 499
We always pay on renewals even if we handle it internally. We never double dip the merchant.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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10-16-2020, 02:39 PM #7
- Join Date
- Jan 2017
- Posts
- 387
We have a stellar reputation with making sure we protect our ISO renewals. I would be happy to help you.
Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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10-16-2020, 03:17 PM #8
- Join Date
- Aug 2016
- Posts
- 486
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10-16-2020, 03:24 PM #9
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
Our ISO partner's are paid full commish (same as original deal) on renewals, whether the ISO or merchant reaches out.
Jeff Pecori
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 Ext.101 | F. 646.219.7949
jeff@vitalcapfund.com
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10-19-2020, 06:19 PM #10
National Funding. I get renewals paid easy. No chasing no worries
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