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  1. #51
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    Quote Originally Posted by Bcooper View Post
    you should really revisit your strategy on this one, the people that stay in this industry are sharks and an mlm will just breed a bunch of sharks willing to back door you for more money
    It's all about Relationships.

    MLM peeps generally market to their warm market and teach their Recruits to do the same. MCA's aren't our lead product - so, our Brokers will have probably procured a relationship via one of our other Products / Services.

    Brokers will have many hooks available to help keep the Merchants once they have them as a Client and the Relationship . . .
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  2. #52
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    Quote Originally Posted by Bcooper View Post
    its going to be a beautiful show to watch just wait until his mlm guys come on here and start asking questions
    Won't really be an issue. We will be transparent with peeps upfront that they can either participate in the Network and earn Personal + Team commissions / bonuses -or- they can do their own thing.

    100% -vs- 50% with Team Bonuses may or may not make sense for them . . .

    They can actually start within the Network and then self terminate their Broker Agreement with us when they are ready and wish to move on. They won't be able to take any Clients or Brokers with them, since our Broker Agreement will prohibit those actions.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  3. #53
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    Quote Originally Posted by cruisinman View Post
    Won't really be an issue. We will be transparent with peeps upfront that they can either participate in the Network and earn Personal + Team commissions / bonuses -or- they can do their own thing.

    100% -vs- 50% with Team Bonuses may or may not make sense for them . . .

    They can actually start within the Network and then self terminate their Broker Agreement with us when they are ready and wish to move on. They won't be able to take any Clients or Brokers with them, since our Broker Agreement will prohibit those actions.
    most of them will be taking their clients with them mate, that is the most foolish thing you could think

  4. #54
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    "since our Broker Agreement will prohibit those actions."

    You are dealing with Independent Brokers - maybe if they were an "Employee" you could enforce a "Non-Compete"

    The Merchant is not married to the broker or the funding company - nor is the Independent Broker married to you.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #55
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    Quote Originally Posted by Bcooper View Post
    most of them will be taking their clients with them mate, that is the most foolish thing you could think
    It wouldn't be worth the expense to fight our legal actions for them to do that. Especially, since the Court venue will be the State of Nevada.

    Like in a few previous ventures, we will make an example out of a few that break the Agreement and the rest will fall in line.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  6. #56
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    Quote Originally Posted by Yankeeman07 View Post
    "since our Broker Agreement will prohibit those actions."

    You are dealing with Independent Brokers - maybe if they were an "Employee" you could enforce a "Non-Compete"

    The Merchant is not married to the broker or the funding company - nor is the Independent Broker married to you.
    Not our first rodeo in the world of Non-Competes and Non-Solicitations.

    We will handle those that willingly break the Agreement that they legally and knowingly signed.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  7. #57
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    Quote Originally Posted by cruisinman View Post
    Not our first rodeo in the world of Non-Competes and Non-Solicitations.

    We will handle those that willingly break the Agreement that they legally and knowingly signed.
    you wont even know they did it they will use an alias and backdoor tf out of you

  8. #58
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    Quote Originally Posted by cruisinman View Post
    Not our first rodeo in the world of Non-Competes and Non-Solicitations.

    We will handle those that willingly break the Agreement that they legally and knowingly signed.
    How will you handle?

  9. #59
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    Quote Originally Posted by cruisinman View Post
    Not our first rodeo in the world of Non-Competes and Non-Solicitations.

    We will handle those that willingly break the Agreement that they legally and knowingly signed.
    I know of several Lawyers that make a good living fighting so-called "Non-Competes"

    BTW - I bring a merchant to the table - secure the funding (You write the check) - who's customer is it.

    Mine or Yours?

    IMO - Technically, neither - the merchant can choose to do business with whoever he/she wants.

    So we are fighting over what?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  10. #60
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    Quote Originally Posted by Yankeeman07 View Post
    I know of several Lawyers that make a good living fighting so-called "Non-Competes"

    BTW - I bring a merchant to the table - secure the funding (You write the check) - who's customer is it.

    Mine or Yours?

    IMO - Technically, neither - the merchant can choose to do business with whoever he/she wants.

    So we are fighting over what?
    well its specifically stated in many ISO agreements that the relationship is the funders, so technically its theirs in those agreements. been that way for years

  11. #61
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    Quote Originally Posted by Bcooper View Post
    you wont even know they did it they will use an alias and backdoor tf out of you
    Since we will have direct contact with the Merchant - we will know in most instances if we were bypassed and by whom. I'm sure we won't catch them all - but enough to make it known that we have eyes . . .
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  12. #62
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    Quote Originally Posted by SmartAdvanced View Post
    How will you handle?
    Our Broker Agreement(s) are written by Lawyers to defend against Lawyers . . .

    In the past - the Cease & Desist cases and Retribution Arbitration cases we filed, we were unsuccessful only once and that was because we couldn't produce the signed documents.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  13. #63
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    Quote Originally Posted by Yankeeman07 View Post
    I know of several Lawyers that make a good living fighting so-called "Non-Competes"

    BTW - I bring a merchant to the table - secure the funding (You write the check) - who's customer is it.

    Mine or Yours?

    IMO - Technically, neither - the merchant can choose to do business with whoever he/she wants.

    So we are fighting over what?
    If you bring the Merchant to the table while being part of our Network then that Merchant can't be serviced by that Broker or any 3rd party relationships of that Broker for a period of 2 years after the Broker Agreement is terminated.

    That is how it is written up. Will it stand up in Court? In most cases it doesn't even go to Court because of the expense the Broker would have to incur to defend themselves.

    Within the Network, we have a vested interest in that Broker and their production since we provided the training, the support and in some cases the "lead" that got the Merchant into the fold.

    We don't care if the Broker leaves to do their own thing. They just can't take Merchants or other Brokers with them for 2 years after termination.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  14. #64
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    Quote Originally Posted by joshbr9 View Post
    well its specifically stated in many ISO agreements that the relationship is the funders, so technically its theirs in those agreements. been that way for years
    ISO's need to negotiate that clause out of their Agreements. Unless the Funder is supplying the leads to the ISO that led to the Deal(s).
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  15. #65
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    Quote Originally Posted by cruisinman View Post
    ISO's need to negotiate that clause out of their Agreements. Unless the Funder is supplying the leads to the ISO that led to the Deal(s).
    you really have no idea how this industry works

  16. #66
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    Quote Originally Posted by Bcooper View Post
    you really have no idea how this industry works
    Precisely why we will be disrupters . . .

    Legal Agreements are Legal Agreements. Doesn't matter what "Industry" it is . . .
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  17. #67
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    Quote Originally Posted by cruisinman View Post
    Precisely why we will be disrupters . . .

    Legal Agreements are Legal Agreements. Doesn't matter what "Industry" it is . . .
    the only thing you will be disrupting is your retirement. this industry doesnt work in person, we tried to warn you

  18. #68
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    Quote Originally Posted by cruisinman View Post
    Our Broker Agreement(s) are written by Lawyers to defend against Lawyers . . .

    In the past - the Cease & Desist cases and Retribution Arbitration cases we filed, we were unsuccessful only once and that was because we couldn't produce the signed documents.
    Have you had any success with your SIGNED documents? (Assuming you have any..)
    If yes, what type of success? Perhaps can you show us a case with a pending or final ruling?

    Oh oops. I think I pressed an invalid button. **** . My bad

  19. #69
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    Are you paying them salary or just 1099 cm ?from what I understand from a legal standpoint it is a big difference

  20. #70
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    Quote Originally Posted by Michael I View Post
    Are you paying them salary or just 1099 cm ?from what I understand from a legal standpoint it is a big difference
    Brokers are 1099.

    Non-Solicitation and Non-Competes can be enforced in many situations. Hopefully, we won't have to use them. But - we have to protect the integrity of the Network.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  21. #71
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    Quote Originally Posted by cruisinman View Post
    Precisely why we will be disrupters . . .

    Legal Agreements are Legal Agreements. Doesn't matter what "Industry" it is . . .
    lol no Funder is gonna red-line their ISO agreement for you, or any beginner. They don't want you to move the deals you bring them. its a referral agreement, not your client. so only weak, desperate funders would agree to take that out of their ISO agreement with you, knowing their deals are put in jeopardy given your lack of knowledge, your willingness to already luc 1.49s at 6mths as an mlm biz model, and overall motor mouth without action.

  22. #72
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    Quote Originally Posted by joshbr9 View Post
    lol no Funder is gonna red-line their ISO agreement for you, or any beginner.
    You would be surprised . . .

    Quote Originally Posted by joshbr9 View Post
    They don't want you to move the deals you bring them.
    Then it behooves them to take care of us.

    Quote Originally Posted by joshbr9 View Post
    its a referral agreement, not your client. so only weak, desperate funders would agree to take that out of their ISO agreement with you.
    Unless the Funder provided the lead for said Client, the Client belongs to our Network and the Broker that brought them in. The Broker, has exclusive rights to said Client, provided that the Broker has an active Agreement with our Network and they are in good standing.

    Quote Originally Posted by joshbr9 View Post

    . . . knowing their deals are put in jeopardy given your lack of knowledge . . .
    Funding Deals isn't rocket science. Additionally, our inhouse Manager + the Funder ISO Manager should be able to tell prior to funding if the Deal could be jeopardized.

    Quote Originally Posted by joshbr9 View Post
    . . . your willingness to already luc 1.49s at 6mths as an mlm biz model . . .
    Nothing wrong with 1.49's over 6 months if the Client qualifies for it. MLM bix model isn't evil. It allows Brokers to leverage their time and resources to create additional income.

    Quote Originally Posted by joshbr9 View Post
    . . . and overall motor mouth without action.
    LOL - you haven't a clue what actions we will be capable of Josh . . .

    You seem to be just another keyboard warrior like Bcooper.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  23. #73
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    Seems that this thread in this sub-forum has more replies than any other thread in this sub-forum in over 4 years.

    Keep them coming.
    Last edited by cruisinman; 08-14-2021 at 12:58 PM.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  24. #74
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    Quote Originally Posted by cruisinman View Post
    You would be surprised . . .



    Then it behooves them to take care of us.



    Unless the Funder provided the lead for said Client, the Client belongs to our Network and the Broker that brought them in. The Broker, has exclusive rights to said Client, provided that the Broker has an active Agreement with our Network and they are in good standing.



    Funding Deals isn't rocket science. Additionally, our inhouse Manager + the Funder ISO Manager should be able to tell prior to funding if the Deal could be jeopardized.



    Nothing wrong with 1.49's over 6 months if the Client qualifies for it. MLM bix model isn't evil. It allows Brokers to leverage their time and resources to create additional income.



    LOL - you haven't a clue what actions we will be capable of Josh . . .

    You seem to be just another keyboard warrior like Bcooper.

    I'm not a keyboard warrior I'm just pointing out the truth your mlm won't work

  25. #75
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    Quote Originally Posted by cruisinman View Post
    You would be surprised . . .



    Then it behooves them to take care of us.



    Unless the Funder provided the lead for said Client, the Client belongs to our Network and the Broker that brought them in. The Broker, has exclusive rights to said Client, provided that the Broker has an active Agreement with our Network and they are in good standing.



    Funding Deals isn't rocket science. Additionally, our inhouse Manager + the Funder ISO Manager should be able to tell prior to funding if the Deal could be jeopardized.



    Nothing wrong with 1.49's over 6 months if the Client qualifies for it. MLM bix model isn't evil. It allows Brokers to leverage their time and resources to create additional income.



    LOL - you haven't a clue what actions we will be capable of Josh . . .

    You seem to be just another keyboard warrior like Bcooper.
    lol buddy, I've been in this business for years. I'm stating fact about who owns the relationship in most agreements but yet you want to argue even though you haven't read 5 ISO agreements.
    Id laugh at a broker like you if they asked to redline an agreement. only time funders even discuss that is high volume producing ISOs, and you dream of that, come back when you have even 10 brokers working for you.
    1.49s at 6 mths and worse deals are why there are new laws for APR disclosures and more regulations and crackdown. You can pretend all you want that its ok because a merchant accepted it, but all you offer is talk about what you are going to do and not actually doing it. no 'disruptor' tells the whole world what they are doing before anything is accomplished.

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