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02-11-2021, 04:51 PM #35
- Join Date
- Jan 2018
- Posts
- 518
yeah I think most funders let good ISO's get away with a lot. Theres a lot of money to go around as long as it goes around in an honest way. When I first became an ISO rep I had an ISO that would flood us with submissions like 60-70 a day. We catered to this ISO like CRAZY until we noticed every. single. deal. defaulted. literally not one paid in full. found out that the owners BUSINESS PLAN was to stack until they couldnt get approved by anyone else and then give them a reverse. They sold the merchant on how "amazing and awesome" a reverse consolidation is so the merchant looked at every position like free money. most of the time the merchant never even qualified for a reverse and even if they did they would default anyway.
other ISO's I dont have a single default with. Not sure what they do or if its just luck. Just seems to be how things work right now.
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