Results 1 to 8 of 8
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02-17-2023, 12:52 PM #1
Reputation points: 44171
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Bizfund
Anyone Know the owner or have contact info? These guys wont give my Merchant a payoff. What is so difficult about providing a payoff? Its like these guys would rather a merchant default or put stop payment on them.
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02-17-2023, 12:57 PM #2
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They are not trying to lose the merchant. I am sure they told the original iso that a payoff was requested and they are trying to keep the merchant. It sucks when you are the new iso trying to get the deal funded. The other side if it was your merchant you would want the chance to keep them as well.
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02-17-2023, 01:06 PM #3
Because they know they're gonna lose their client. These merchant don't all of a sudden decide to pay everything off...why should they bend over backwards for competitors at the snap of a finger?
Last edited by ridextreme; 02-17-2023 at 01:09 PM.
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02-17-2023, 01:14 PM #4
Reputation points: 22201
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- Dec 2021
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see below
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-17-2023, 01:15 PM #5
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Bizfund good guys ...
Last edited by MCA-VET; 02-17-2023 at 02:46 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-17-2023, 04:42 PM #6
Reputation points: 44171
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- Aug 2017
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They are getting paid off? What is the problem? Anytime I put money in a deal I'm ecstatic to receive a payoff. I'll just come back with a competitive offer to try and keep the merchant. These guys are threating the poor guy after he's made all his payments on time. I'm sure they have good people in the company however these types of bad acts are what makes our industry look bad and makes the feds want more regulation.
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02-20-2023, 10:43 AM #7
Reputation points: 4416
- Join Date
- Dec 2021
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- 154
Capitalize will never hold back a payoff letter from a merchant.
Yes, it stings when a good merchant replaces you with someone else but it goes both ways.
Hopefully the two funders in the deal we just offered to consolidate don't hold back those POLs...
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02-24-2023, 02:57 PM #8
Reputation points: 10
- Join Date
- Feb 2023
- Posts
- 4
Very easy to work with actually. Great lender. Must have been the broker that was holding back
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