[onefournine]

Wait, is this forum for those who handle their merchants with kitten gloves? Or defend the merchant for taking a "FLEX DEAL"? Its a great product for sales reps who wanna make money. If merchant behaves he gets all the clips, if not he doesnt. Anyone gonna start complaining about REVERSES now?
SMFH

[SmartAdvanced]

Wait, is this forum for those who handle their merchants with kitten gloves? Or defend the merchant for taking a "FLEX DEAL"? Its a great product for sales reps who wanna make money. If merchant behaves he gets all the clips, if not he doesnt. Anyone gonna start complaining about REVERSES now?
SMFH

the SEC doesn't seem to have an issue with Flex or Reverse deals - check out Par funding's receivership website

[onefournine]

the SEC doesn't seem to have an issue with Flex or Reverse deals - check out Par funding's receivership website

Correct

[Ben_p]

Yes. Any iso that puts their merchant on a reverse is a scumbag.

[kevin85k]

Yes. Any iso that puts their merchant on a reverse is a scumbag.

Ben why do you feel it's a scumbag move if you can help the merchant with a more affordable payment? Yes the duration is now longer but the merchants payments would be less.

[Ben_p]

Ben why do you feel it's a scumbag move if you can help the merchant with a more affordable payment? Yes the duration is now longer but the merchants payments would be less.

because i take the risk on the merchant and will not be able to renew him/her if they go on a reverse. 95% of lenders out there would agree with me on this

**** SILVERLINE, GFE, G AND G, PERMIER AND ANY OTHER ASSHOLE RUINING MY DEALS

[PROVENTURE_CAP]

because i take the risk on the merchant and will not be able to renew him/her if they go on a reverse. 95% of lenders out there would agree with me on this

**** SILVERLINE, GFE, G AND G, PERMIER AND ANY OTHER ASSHOLE RUINING MY DEALS

This makes no sense whatsoever. Reverse helps funding company get paid by giving merchant savings.

[Ben_p]

This makes no sense whatsoever. Reverse helps funding company get paid by giving merchant savings.

Yes it helps me get paid and thats great but I can't renew the merchant. I don't see how that makes no sense.

[LULUADAM]

If the merchant can't make payments to you then you cant renew him either

[ryan $]

Yes it helps me get paid and thats great but I can't renew the merchant. I don't see how that makes no sense.

Yea I was butthurt when Pearl and YS started stacking merchants in splits with ACH Products over a decade ago.

I didn't cry about it. I realized instead of Renewing a merchant 2-4 times a year. I can stack them way more times than that.

Then do a reverse. That Client has become more Valuable to me because there are more options at my disposal.

Where do you draw the line? Why is a Reverse BAD, but a 2nd is okay? A 2nd ruins renewals with 1st position funders anyway, so your decent 2nd position funders are thorns in the side of 1st Position only lenders, and the 1st funders are *****ing at the 2nd funders.

Ill put my money into a deal and let someone reverse it NO PROBLEM. It is giving them the money each week to cover my payment.

As a broker/funder its my job is to work every deal I can. If a deal comes in and their only option is a reverse, thats what they are going to be offered. As brokers your job is to present the best option for the merchant. When a merchant has 3 positions and wants to consolidate, sure submit it to 1st Position lenders that would even entertain paying off 3 positions, but most likely you can only get a 4th or a Reverse.

My point is.... everything is about perception.... you say if brokers do a reverse they are scumbags. Bankers say all MCA's are scumbags.

I say, I'll give the best option I can to a Merchant. Whatever it is. Its up to the Merchant to decide to take it or not. It's their business, Not yours. I'm not a f*cking credit counselor, I sell Cash Advances.

The Grass is always Greener

[ectorro]

because i take the risk on the merchant and will not be able to renew him/her if they go on a reverse. 95% of lenders out there would agree with me on this

**** SILVERLINE, GFE, G AND G, PERMIER AND ANY OTHER ASSHOLE RUINING MY DEALS

Obviously it sucks when your deal gets put into a reverse and can't renew but I'd rather the deal go into a reverse and they make their payments than a default.

[Ben_p]

Obviously it sucks when your deal gets put into a reverse and can't renew but I'd rather the deal go into a reverse and they make their payments than a default.

if my deal gets stacked up and starts taking those dog **** 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.

[ectorro]

if my deal gets stacked up and starts taking those dog **** 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.

Appreciate that.

[SmartAdvanced]

if my deal gets stacked up and starts taking those dog **** 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.

I’ve seen default files get 120 day offers. So at this point, if a merchant defaults he can still get decent offers Post Defaulting. Rinse repeat