Trouble getting commission from Breakout Finance?
Need a Funder or Vendor? START HERE

Results 1 to 13 of 13
  1. #1

    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?

  2. #2
    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

  3. #3
    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.

  4. #4
    Quote Originally Posted by jtsfunding View Post
    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?
    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

  5. #5
    Senior Member Reputation points: 203974
    Join Date
    Jan 2014
    Posts
    1,385

    Quote Originally Posted by jtsfunding View Post
    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.
    30 days is wild work.. most direct lenders/funders pay same day next day or in 7 days.

  6. #6
    Senior Member Reputation points: 47031
    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.

  7. #7
    Quote Originally Posted by jtsfunding View Post
    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?
    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.

  8. #8
    Quote Originally Posted by jtsfunding View Post
    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.
    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

  9. #9
    Senior Member Reputation points: 47031
    Join Date
    Mar 2024
    Posts
    359

    Quote Originally Posted by alexd12345 View Post
    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
    They acted similar with us, we did not miss a beat funding with others like you have named, person was very irked that I was not super upset (cut us after a week)

  10. #10
    Hey having the same issue...

    Shoot me a call 347-462-6151

  11. #11
    Senior Member Reputation points: 130606 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,153

    Quote Originally Posted by ValeriaFunder View Post
    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
    Seriously?

    Use any opportunity you can find to solicit for new ISOs. You must be crazy busy how do you ever find the time?

  12. #12
    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.

  13. #13
    Senior Member Reputation points: 47031
    Join Date
    Mar 2024
    Posts
    359

    They have been mentioned a few times being problematic and really are not all that anyways.

Similar Threads

  1. Breakout
    By fundinggrasshopper in forum Merchant Cash Advance
    Replies: 1
    Last Post: 11-02-2023, 02:31 PM
  2. Breakout Finance
    By 8FigureFunder in forum Merchant Cash Advance
    Replies: 7
    Last Post: 06-27-2023, 10:45 PM
  3. Breakout Finance issues??
    By B2csp in forum Deal Bin
    Replies: 3
    Last Post: 05-23-2023, 10:22 AM
  4. breakout update
    By Lendvo in forum Merchant Cash Advance
    Replies: 0
    Last Post: 06-14-2019, 03:51 PM
  5. Breakout Capital
    By 2014FUNDING in forum Merchant Cash Advance
    Replies: 6
    Last Post: 01-07-2016, 12:41 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

MMP Capital closes on $20M
Ocrolus's new mortgage doc tech
Kapitus acquires Ten Oaks Com Cap


DIRECTORY