Question on how Renewals Work - Newbie
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  1. #1
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    Quote Originally Posted by CNC30 View Post
    I’m new to MCA space and have a couple of basic questions.
    Can someone please explain the following like I am a baby?


    1) I’ve heard of brokers hopping recently funded positions.
    Since MCA’s offer little discounts on early payoffs, how would hopping a newly funded position work?


    2) What is the difference/advantage between a renewal and taking a new position with a different funder?

    Sorry if this is the wrong forum for these questions.


    Cheers.
    Better Question - Who are you ? Company you work for/with?
    Disclose your identity
    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

  2. #2
    Senior Member Reputation points: 125065 BR-Nightmare's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    Better Question - Who are you ? Company you work for/with?
    Disclose your identity
    Better question: Why do they have to disclose that? They are not soliciting!
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  3. #3
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    Quote Originally Posted by BR-Nightmare View Post
    Better question: Why do they have to disclose that? They are not soliciting!
    What are you or they hiding - They are soliciting information - why not who they are -
    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

  4. #4
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    Quote Originally Posted by Yankeeman07 View Post
    What are you or they hiding - They are soliciting information - why not who they are -
    "Soliciting" business means seeking the business of potential customers. That's for sure the context that it's meant on this forum.
    They are requesting information in an anonymous way, not soliciting customers or brokers to send THEM deals.
    They're hiding because they don't want people like YOU calling them and soliciting them.

    Steven O gave solid answers.

  5. #5
    Senior Member Reputation points: 125065 BR-Nightmare's Avatar
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    Quote Originally Posted by abfunders View Post
    They're hiding because they don't want people like YOU calling them and soliciting them.

    Steven O gave solid answers.
    Indeed
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  6. #6
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    Quote Originally Posted by abfunders View Post
    "Soliciting" business means seeking the business of potential customers. That's for sure the context that it's meant on this forum.
    They are requesting information in an anonymous way, not soliciting customers or brokers to send THEM deals.
    They're hiding because they don't want people like YOU calling them and soliciting them.

    Steven O gave solid answers.
    I don't solicit rookies or old washed up brokers.
    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

  7. #7
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    Quote Originally Posted by Yankeeman07 View Post
    I don't solicit rookies or old washed up brokers.
    Old washed up brokers? Have you even SEEN your own LinkedIn picture?

  8. #8
    Senior Member Reputation points: 125065 BR-Nightmare's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    I don't solicit rookies or old washed up brokers.
    Nobody is buying your old pass prepaid card nonsense.

    Products are outdated.

    I mean who still uses Skype?
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  9. #9
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    Quote Originally Posted by BR-Nightmare View Post
    Nobody is buying your old pass prepaid card nonsense.

    Products are outdated.

    I mean who still uses Skype?
    https://money.usnews.com/credit-card...nies-this-year

    Mastercard and Visa debit and prepaid card transactions reached 84 billion in 2022

    Skype - I utilize for overseas vendors & clients.

    The only item outdated is 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

  10. #10
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    What are you or they hiding - They are soliciting information - why not who they are -
    That's not how the internet works and it's the reason we use handles instead of our real names.

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