Same Commissions on Renewals? - Page 2
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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Michael I View Post
    send chambo to him . andy is to scrawny lol
    I've already had words with the guy over another issue

  2. #2
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    Quote Originally Posted by matvillain View Post
    Good Day]
    If you were my senior funding consultant, I'd be very worried about the space you're wasting posting this from my office... here of all places.

  3. #3
    For what it's worth, I worked with MFS for some time, albeit with their collections and not sales, but they are not some "sweat shop" working out of someone's basement. They are run by highly intelligent people so while everyone has a right to their opinion, I'm reading these posts wondering how they are being perceived as what they are not. Again, I have not worked with them from the sales side but from what I gathered when conversing and dealing with them, they are not fools.

    Just my humble opinion. Not looking to enter a war.

  4. #4
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    Skideeppow - Thanks for clearing that up for me. I am hearing different things from all different ISOs.

  5. #5
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    MFS Global has been around for 4 years.

  6. #6
    I'll send you some deals. Your economics make no sense.

  7. #7
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    Quote Originally Posted by jbrown View Post
    I'll send you some deals. Your economics make no sense.
    Feel free to email me at isosupport@mfsglobal.com

  8. #8
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by mfs01 View Post
    Feel free to email me at isosupport@mfsglobal.com
    Heh, dude, you have NO CLUE who you just responded to, do you?

  9. #9
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    Quote Originally Posted by Chambo View Post
    Heh, dude, you have NO CLUE who you just responded to, do you?
    Lol he wants to be the preferred funder for one of the industry leaders

  10. #10

    Iso

    Good Day
    What we do is revenue based financing. That means we can help businesses get funding based off the merits of their business as opposed to a loan which is personally guaranteed.

    We review the performance of the business over the last 3 months and we analyze the way the deposits come in, we will then generate an approval based of the monthly average deposits, example if a merchant does an average of 10k in monthly deposits we can advance him say 8k today and he will pay us back 11k over 3 months. Cash advance. We advance businesses cash based of what they are expected to bring in over the next 3 months.

    Payback can be done 2 ways.

    One option is a daily debit (we will debit the account Monday through Friday for a small amount till balance is paid in full)

    Second option is a Credit Card split: If you are accepting CC for a majority of your monthly deposits we can get you approved on for a split deal which will give us 25% of every dollar you collect, helping you pay back the balance as you earn. You don’t accept money that day you don’t pay back that day.

    All you need to know is if a business does at least 8k in deposits consistently we can get them funding. All we need is a completed application (attached) and the last 3 complete bank statements.


    We are known to fund deals quickly and efficiently. Most of our deals get funded within 72 hours, and often even faster. We are a proven leader in the Merchant Cash Advance (MCA), a non-traditional lending industry.

    Here are just a few of the benefits that we can extend to you that others cannot:

    - Fast approvals and offers due to in-house lenders.
    - BAD CREDIT - OKAY! - Your credit score does not determine your approval.
    - Access to alternative funding sources due to our volume and rapport within the industry.
    - Funding is wired directly into your account within 24-72 hours of receiving approval and signed contracts.
    - 3 to 24 month terms available dependent on industry.
    - Funding available from $2,000 to $3 million (dependent on monthly income).
    - Renewals or Refinancing available after 40% of balance is paid off.

    Let’s talk soon…

    Matthew Tirado
    Senior Funding Consultant

    Yellowstone Capital LLC
    Main: (800)-955-2411
    Direct: 1-646-774-3317 x1059
    Fax: 1-347-246-4338

    Email: mtirado@yellowstonecapllc.com
    Website: http://www.yellowstonecap.com

  11. #11
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    Happy Wed. everyone

  12. #12
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    The beauty of this business is also it's curse. The barriers to entry are so low that a kid in his underwear working from his parents basement with a few hundred dollars to syndicate can build a $50 website and call himself a "direct funder." Smh

  13. #13
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    Quote Originally Posted by MCNetwork View Post
    The beauty of this business is also it's curse. The barriers to entry are so low that a kid in his underwear working from his parents basement with a few hundred dollars to syndicate can build a $50 website and call himself a "direct funder." Smh
    That's unfortunate, but true. I'm sure there are some people doing that now.
    MFS Global is headquartered in Las Vegas, NV and has a branch in NYC as well.
    We are currently in the end stages of customizing a CRM for our company, which all ISOs will have access to directly through our site, in order to be able to track their deals in underwriting, track renewals, and commissions owed and commissions paid out.
    It should be incorporated into the site within the next couple of months.

    Thank you all for your feedback on our posts.

  14. #14
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    I totally Totally agree MCNetwork!!!

  15. #15
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    im out.jpg
    .......

  16. #16
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    Take care fellas. good chatting with you all.

  17. #17
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    WOW.... this is one of those threads that just leaves you scratching your head saying did that really just happen

  18. #18
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    I TOTALLY AGREE! Everytime someone hits up the Yellowstone ISO Dept we have to ask, "what can you give me that I cant get 50 feet from my desk?"

    The only way I stay in business is by paying the guys who fund deals with us at Yellowstone Capital their commissions on time and reasonable based on our upfront commission structure.

    YOU GET NOWHERE WITH THE Ol' BAIT N SWITCH
    Andrew J. McDonald
    Director of ISO Development
    Yellowstone Capital LLC
    1 Evertrust Plaza
    Suite 1401
    Jersey city, NJ 07302
    PH - 347.464.0785
    FX - 646.213.1790

  19. #19
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    agreed Amac!

  20. #20
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    I agree as well. You must take care of your ISOs if you expect to continue getting business from them. There is no reason to cut the commissions on the renewals.

  21. #21
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    Groundbreaking ^

  22. #22
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by FUNd View Post
    Groundbreaking ^
    another new jack trying to earn some stripes

  23. #23
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    Hey, Matt, STFU.

  24. #24
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Seriously? Nebie, sit down, do some phone calls, and in a month when you have funded something, and know how t express yourself properly, come back here. 99% of the people on this board either has a Yellowstone rep, or knows one.

  25. #25
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    Cold blooded.

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