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08-13-2021, 12:42 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,924
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
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08-13-2021, 01:31 PM #2
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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 . . . "
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08-13-2021, 01:33 PM #3
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- Jul 2021
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- United States
- Posts
- 145
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08-13-2021, 03:52 PM #4
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-13-2021, 04:13 PM #5
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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08-13-2021, 05:11 PM #6
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- Jun 2021
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- miami
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- 436
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08-13-2021, 09:17 PM #7
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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." The world has always gone forward when people have dared to have crazy ideas . . . "
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08-16-2021, 10:22 AM #8
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-17-2021, 12:17 PM #9
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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