Results 51 to 75 of 89
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03-20-2015, 01:15 PM #51Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-20-2015, 01:17 PM #52Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-20-2015, 01:27 PM #53Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-20-2015, 01:34 PM #54
- Join Date
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- 109
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03-20-2015, 01:56 PM #55
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03-20-2015, 02:23 PM #56
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03-20-2015, 02:43 PM #57
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- Aug 2014
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03-20-2015, 02:46 PM #58
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- Sep 2012
- Location
- New York, NY
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- 1,780
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03-20-2015, 03:35 PM #59
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- Sep 2012
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- New York, NY
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03-20-2015, 03:56 PM #60
- Join Date
- Mar 2015
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- 6
WBL Acquires New York City ISO!
sounds like a scam lol
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03-20-2015, 03:56 PM #61jotucker1983Guest
I would love to sit down and speak with WBL about this, because I am interested in how you can "acquire" a Broker Shop?
If they are a Broker Shop, they don't own their deals. Yes, they have the rights to their renewals to a certain limit, so are they acquiring a portion of their renewal commission? Or, does the Broker have some sort of side patented technology that's causing the valuation? Or, are the Broker Shops also building merchant processing portfolios and selling them off? I'm interested to know what is used as the basis for the valuation?
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03-20-2015, 04:01 PM #62
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- Aug 2014
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- 109
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03-20-2015, 04:07 PM #63
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- Sep 2012
- Location
- New York, NY
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Paperchaser always cracks me up
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03-20-2015, 04:17 PM #64
You guys should talk to WBL before you speculate on what a deal with them might or might not include. Then you can decide for yourself if it makes sense. Lots of conjecture here.
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03-20-2015, 04:33 PM #65
- Join Date
- Nov 2014
- Posts
- 266
I'm a little confused...do you love to see fellow members of the MCA business not succeed?
Not one person on here knows the exact details of the deal except for Zach but most if not all have something negative to say about it. Firstly, his deal doesn't affect us and all he did was post about the deal being complete out of sure excitement and accomplishment. Whether we believe Zach made the right move or not is irrelevant since we don't know the details. Now with that said out of sheer respect for Zach who selflessly adds value to this forum and answers the questions of the @paperchaser's of the world some respect should be shown.
How many times has he answered the.. Who does this? Where do I go with this? Let's be happy for the success of other gentlemen. God knows in this industry one's success does not prevent anothers. There is enough money to go around.
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03-20-2015, 04:51 PM #66
Paperchaser, a few days ago you argued that a 1.05 factor rate was the equivalent to 5% APR. Remember this conversation:
"I lost a deal to them with the following figures : $100,000 Loan , $105,000 Repay on 12 Months . I have a copy of the docs , merchant sent them to me when he got funded"
"no that's 5% apr" (paperchaser)
Remember how I had to explain it to you? Here's the quote in case you forgot:
"Borrowing 100K and paying back 105K over 12 months with daily payments is around 9-10% APR.
Borrowing 100K and paying back 105K over 12 months with NO payments (balloon pmt at end) is 5% APR."
Here is the link to what I'm referring to: http://dailyfunder.com/showthread.ph...9606#post19606
...if you can't even understand APR, how can you badmouth WBL's model? This same team built one of the largest (if not the largest) mortgage companies, sold it to a huge bank, and made everyone rich in the process. There's no need to hate -- this is the best opportunity any ISO can capitalize on right now.
Whether your volume is 500K/month, 2MM/month, or 20MM/month, this is a no-brainer for everyone involved. I recommend to call Ron Phillips using his info in the previous posts, and see what it's all about. I know I'm thankful I did.Last edited by Zach; 03-20-2015 at 06:53 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-20-2015, 04:59 PM #67
- Join Date
- Mar 2015
- Posts
- 2
I heard Billy has not been in office two weeks. He scrambling because has not paid investors.
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03-20-2015, 04:59 PM #68
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03-20-2015, 05:05 PM #69
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- Sep 2012
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Zach if you think paying 5,000 on top of 100,000 over 12 months equals 9 or 10% APR then you probably shouldn't be selling money lol. You're definitely overthinking this stuff. It's really basic math. That's like saying 1+1=3.
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03-20-2015, 05:13 PM #70
WBL Acquires New York City ISO!
Zach I hope you got a great deal with huge upside
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03-20-2015, 05:14 PM #71
- Join Date
- Sep 2012
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- New York, NY
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- 1,780
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03-20-2015, 05:16 PM #72
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- Nov 2014
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- 266
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03-20-2015, 05:19 PM #73
- Join Date
- Jul 2013
- Posts
- 351
This is great. Zach is correct about apr on that deal.
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03-20-2015, 05:20 PM #74
- Join Date
- Apr 2013
- Posts
- 245
congrats Zach! you do what's best for you..."Haters gonna hate, ain'ters gonna ain't"
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03-20-2015, 06:38 PM #75
The reason why the rate is higher is because there is a smaller principal remaining after each payment.
Please follow this link to see a loan calculator for a 100K deal over 12 months at 5% APR paying back 102,729 with $8,560.75 monthly:
http://www.bankrate.com/calculators/...InMY=+Apr+2015
Please follow this link to see a loan calculator for a 100K deal over 12 months at 10% APR paying back 105,499.08 with $8,791.59 monthly:
http://www.bankrate.com/calculators/...InMY=+Apr+2015
From Investopedia:
"The APR
Annual Percentage Rate (APR) is a measure that attempts to calculate what percentage of the principal you’ll pay per time period (in this case a year), taking every charge – monthly payments over the course of the loan, upfront fees, etc. – into account."
And yes, the daily payment does change these calculations slightly, but the numbers should be fairly similar.
Please don't mock me and say I should not sell money; I've worked hard for what I have, and I am certainly more knowledgeable than someone who doesn't understand APR.Last edited by Zach; 03-20-2015 at 07:03 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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