[mfsdina]

Certain deals now eligible to fund at 1.24
mfs global's

guaranteed funding program
• any sic
• any fico
• any position
• 14 month deals
• 20% initial commission
• 10% ongoing commission


if you're not funding all your deals with mfs

really?

What are you waiting for?
702-473-1145

submit your deals now

submissions@mfsglobal.com





stay connected


call now 702-473-1145
click here to become an iso


www.mfsglobal.com

[Jared_Weitz]

1.24 14 month pays 20&10?

[mfsdina]

1.24 14 month pays 20&10?

That is Correct.

[Jared_Weitz]

So you're not making any money and giving it all away to ISO's? 14 month means the A/R trickles back for one thing, secondly at a 1.24 paying out 30% you're already under water and we haven't even factored in your SG&A, Bad debt, and capital costs......seems fishy

[Sean Cash]

So you're not making any money and giving it all away to ISO's? 14 month means the A/R trickles back for one thing, secondly at a 1.24 paying out 30% you're already under water and we haven't even factored in your SG&A, Bad debt, and capital costs......seems fishy

Jared is right, you do realize that what you're offering makes absolutely no sense right?

My guess is that 20 and 10 means something different to you than it does to the rest of the industry. Can you explain how it works. 20% of what upfront? Of the funded amount?

[J.Celifarco]

So you're not making any money and giving it all away to ISO's? 14 month means the A/R trickles back for one thing, secondly at a 1.24 paying out 30% you're already under water and we haven't even factored in your SG&A, Bad debt, and capital costs......seems fishy

Not 20% on the front and 10% on the back.. Its 20% on the first funding and then 10% on each consecutive funding. They release funds every few months and pay on each consecutive advance.. Its a really different product from what most companies offer. Took a while for me to really wrap my head around it still not sure benefits to traditional program where you get full commish on full funding all at once

[Jared_Weitz]

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

[Sean Cash]

Not 20% on the front and 10% on the back.. Its 20% on the first funding and then 10% on each consecutive funding. They release funds every few months and pay on each consecutive advance.. Its a really different product from what most companies offer. Took a while for me to really wrap my head around it still not sure benefits to traditional program where you get full commish on full funding all at once

Ah ha! So the 10% is the upfront renewal commission amount.

I'm going to assume that there's a lot of fees tacked on to the 1.24 as well right? You would pay 20% on a 1.24 fourteen month???

[J.Celifarco]

yeah but its not a renewal from what i understand if someone is qualified for 100k they will get it paid over a period of time in equal advances paying 20% on the first and 10% on the rest.. Now this is how I understood it, I could be wrong but I think this is the basic workings of the program

[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.

[channin19]

These guys give an approval for 20k that is broken up into like 8 fundings of $1500.

[evercap]

We have funded a few merchants with this structure with decent results. We found it keeps the merchant loyal as they know another batch of cash is around the corner.

[anonymous]

20,000/8=2,500

[blKC]

I am guessing it means 20% of the factor is commission on the first deal and 10% on the 2nd.

So 24% factor x 20% = 4.8% commission on deal 1

That would be $4,800 on a $100k deal

Renewal would be 2.4% or $2,400 on $100k deal

[whatchamacallit]

Good morning MFSDina,

I have been trying to make contact with your company for two weeks, leaving messages and VM's.

Can you please have the person responsible for new ISO relationships reach out to me directly at 305-458-1999.

Thank you for your kind consideration,

Adam
305-458-1999

[MFS_Global]

--Correction--

We approve up to 200% of monthly volume, and disburse the funds in 8 equal installments. We pay 20% on the first installment, and 10% on the remaining 7 installments. Which works out to a higher than industry standard of between 11%-12% Effective Commission.

Any SIC | ANY FICO | ANY POSITION

Our average factor rate ranges from 1.36 - 1.42. Certain deals may qualify for a rate as low as 1.24 which will fall under our “Buy Rate” Program.

Buy Rate Program
Factor as low as 1.24

Commission - We will double your initial commission on the first installment.

Example: If you upsell by 8 points, your initial commission will be paid at 16 points and the remaining 7 installments paid at 8 points.



Qualifications


ANY SIC
ANY FICO
1st Position
15k Minimum per month
10 Deposits per month
No more than 3 Negative Days per month
Length of Ownership 1 Year
No open Bankruptcy or Liens