[Jared_Weitz]

20% upfront commission on a 1.24 still makes no sense. Agreed?

[J.Celifarco]

20% upfront commission on a 1.24 still makes no sense. Agreed?

100% thats insane if they were paying it on the full advance but they dont. If someone qualifies for 100k and it is paid in equal advances of 20k they pay 20% on the fist 20k then 10% on the rest. they get the 1.24 on the 100k and the iso commish works out to around the average that everyone else pays. it is just front loaded and paid over time

[Sean Cash]

100% thats insane if they were paying it on the full advance but they dont. If someone qualifies for 100k and it is paid in equal advances of 20k they pay 20% on the fist 20k then 10% on the rest. they get the 1.24 on the 100k and the iso commish works out to around the average that everyone else pays. it is just front loaded and paid over time

So if the merchant is approved for 100k and only 20k gets signed out in the first lump, they'll pay 20% on 20k? And then 10% on each additional 20k until they've been funded 100k?

That would be a net 12% commission on 100k. That's more logical.

[J.Celifarco]

So if the merchant is approved for 100k and only 20k gets signed out in the first lump, they'll pay 20% on 20k? And then 10% on each additional 20k until they've been funded 100k?

That would be a net 12% commission on 100k. That's more logical.

again not exactly sure of the logistics of how they release the subsequent fundings but that is the general idea.