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03-09-2023, 11:24 AM #20
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 676
I had reached out to an iso couple week ago to let him know that the merchant is ready for a renewal and he told me that the merchant stacked on us 2 weeks prior. He did not reach out to me to see if we can work something out to get the merchant funding or had the merchant wait a couple of weeks so she does not have to stack and he got her funded. When I got the updated statements to see that i called the merchant up to ask a couple of questions and asked her who get her the deal. She said the broker I always go to him for the funding. For credibily adding that stacking clause is not a bad idea for brokers like this to protect their company from bad brokers and over extending the merchant to the point that they default or paying back the deals.
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