Results 1 to 13 of 13
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10-30-2024, 05:15 PM #1
- Join Date
- Nov 2021
- Posts
- 17
Trouble getting commission from Breakout Finance?
Putting this out there to see if anyone else has experienced similar issues when funding deals with Breakout. We funded a deal with them over 2 months ago and are 20 days past claw back, merchant has perfect payment history with them but when asked about the commission and when it will be sent they said that synovus who they have their LOC with does not allow them to send commission out of their line and that it would be resolved within a couple of days. Here we are 2 weeks later and no one at breakout will respond to emails or phone calls and we still have not received commission. Has anyone else experience similar issues with Breakout?
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10-30-2024, 05:27 PM #2
- Join Date
- Jun 2024
- Posts
- 79
What in the tomfoolery is going on here? What is stated in the agreement signed between you and them regarding pay-outs?
Alex Peterson
ISO Relationship Manager, THORO CORP
E: alex@thorocorp.com
C: 305-502-9414
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10-30-2024, 06:29 PM #3
- Join Date
- Nov 2021
- Posts
- 17
Not sure, seems a bit suspect to me which is why I brought it here to DF to see if anyone else has experienced similar issues with them. The ISO agreement is standard stating commissions will be paid within 30 days of the funding date.
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10-30-2024, 06:55 PM #4
- Join Date
- Aug 2024
- Posts
- 7
Hi there,
I'm sorry to hear that you are experiencing issues with getting paid for your hard work.. OnTap Capital is always on top when it comes to paying their ISOs and maintaining friendly and supportive relationships.
Let's chat anytime soon . My name is Valerie and I always pay $$$$ commissions on time.
Valerie Sharon | Vice President
On Tap Capital Corp.
Office: 905-326-0050
Email:valeriia@ontapcap.com
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10-30-2024, 07:46 PM #5
- Join Date
- Jan 2014
- Posts
- 1,385
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10-30-2024, 09:20 PM #6
- Join Date
- Mar 2024
- Posts
- 359
Over the past couple years I have heard several negative experiences with Breakout in general. Not what they used to be.
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10-31-2024, 08:43 AM #7
- Join Date
- Oct 2020
- Posts
- 93
Yes always took a while to pay. They did end up paying. But in my opinion thats not what makes them of the worst funders out there . They have this "you need us becuase we have awesome terms occasionally so we dgaf about iso support/customer service"attitude. They treat their isos like crap. We are partnered with many funders, who run the gamut a paper to high risk, and breakout was far worse then anyone we work with. Just a gross attitude. Stick to the a paper that values their isos and pays in a normal time frame . On deck , kapitus , iou , mullligan , can etc
Last edited by alexd12345; 10-31-2024 at 09:49 AM.
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10-31-2024, 10:47 AM #8
- Join Date
- Jun 2024
- Posts
- 79
Within 30 days? That's quite long to be honest with you however it seems they have breached that since payment history is good.. You may start considering signing up with other funders
Alex Peterson
ISO Relationship Manager, THORO CORP
E: alex@thorocorp.com
C: 305-502-9414
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10-31-2024, 11:16 AM #9
- Join Date
- Mar 2024
- Posts
- 359
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10-31-2024, 03:19 PM #10
- Join Date
- Oct 2024
- Posts
- 2
Hey having the same issue...
Shoot me a call 347-462-6151
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10-31-2024, 03:44 PM #11
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11-01-2024, 02:14 PM #12
- Join Date
- Nov 2021
- Posts
- 17
That's the exact same vibe I am getting from them currently, when we were able to get in touch with them we asked if we should even continue sending deals if receiving commission would be an issue and we got the ole "if you stop sending deals we will cut you" response.
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11-01-2024, 03:05 PM #13
- Join Date
- Mar 2024
- Posts
- 359
They have been mentioned a few times being problematic and really are not all that anyways.
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