Funders, what makes ISO's great?
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  1. #1
    Senior Member Reputation points: 14091
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    Quote Originally Posted by TheUnderwritingProdigy View Post
    In a perfect world, ISO's shouldn't be paid at all until the deal pays off. None of this 30 day BS. If I'm in the hole $10k on a deal after 30 days and the merchant decides to stop payment, the broker should be entitled to nothing IMO.
    I agree to this to a certain extent.
    By doing this, brokers will be forced to work and follow up with clients to ensure they are paying. Minimizing stacking, double funding, and excessive PSFS.

    No chance it would fly in reality though

  2. #2
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    Quote Originally Posted by Akanner View Post
    I agree to this to a certain extent.
    By doing this, brokers will be forced to work and follow up with clients to ensure they are paying. Minimizing stacking, double funding, and excessive PSFS.

    No chance it would fly in reality though
    Deals used to be paid in upfront commission and when the deal was paid off. 6 and 6 Points Split.
    Literally everyone started competing, then it all became upfront commission, Higher upfront Fee's. ETC.

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