[cashforbiz]

If a merchant fails to make the payments and refuses to answer his phone, what kind of risks am I facing as an agent?

[Drizzle]

Definitely getting the commish charged back.
Possibly lose the funding relationship.

[MCNetwork]

If the default occurs within the first 30-90 days of funding (depending on your ISO agreement) you may lose your commission on the deal. That's the limit of your exposure.

[JoePat]

In most cases if the this happens within 30 days from the funded date. You will have to pay back the commissions to the lender. The merchant will more than likely be place on the NAMAA list for non-payment. Exactly as per Drizzle's comment.

[mcaguru]

taking back commissions after 30 days?????

[MCNetwork]

taking back commissions after 30 days?????

Some lenders go beyond 30 days. I don't work with them though

[ridextreme]

every business has risks. Did you ask this question to your funding source? They will be able to give you an exact answer on their policy. I know if ISO's keep sending deals that go bad they will be cut off.

[fundgorilla]

I like the professional jargon term for this: "Clawback"

[fundz a lot]

I always require the "clawback" be removed form all agreements and everyone does it. If they don't trust their own underwriters they shouldn't fund the deal to begin with.