[abfunders]

I'll make it clear: I HATE it when there's a bait and switch. PSFs are done that way often, yes, and the funders should be preventing it for sure. I just saw a deal where the merchant netted $31,900 via Webbank and then the next day Tiger Capital pulled a $6000 PSF (yes, on the pull on the statement, it says "PSF"). I imagine the merchant may be able to figure out a way to call it back.... unless they can't.

The challenge is that it costs money to sue these guys, and the brokers are hard to find sometimes.

Maybe funders should start to ask the merchants on the funding call about the outside fees and threaten the broker that they'll kill the deal if they charge it, etc.

[BR-Nightmare]

I'll make it clear: I HATE it when there's a bait and switch. PSFs are done that way often, yes, and the funders should be preventing it for sure. I just saw a deal where the merchant netted $31,900 via Webbank and then the next day Tiger Capital pulled a $6000 PSF (yes, on the pull on the statement, it says "PSF"). I imagine the merchant may be able to figure out a way to call it back.... unless they can't.

The challenge is that it costs money to sue these guys, and the brokers are hard to find sometimes.

Maybe funders should start to ask the merchants on the funding call about the outside fees and threaten the broker that they'll kill the deal if they charge it, etc.

More than half the time they disclose it after funding to not lose the deal.