Results 1 to 24 of 24
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06-27-2015, 10:15 AM #1
- Join Date
- Feb 2015
- Posts
- 62
Who actually (honestly) pays the ISO the day merchant is funded?
Thanks. But be careful. When you break your word the forum will hear about it.
Last edited by Moneyformerchant; 06-27-2015 at 02:06 PM.
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06-27-2015, 03:32 PM #2
- Join Date
- Feb 2015
- Posts
- 47
One Word - LENDINI. Call and ask for Eddie and Nick. Very simple process. Deal funds at 1PM, expect commissions to hit your office bank account within an hour, then your boss will pay you! Kudos to Nick and Eddie at Lendini!
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06-27-2015, 06:14 PM #3
- Join Date
- Dec 2014
- Posts
- 39
I can say that Eddie from Lendini , absolutely pay , no drama , no BS , they wire when funding also which is pretty on POINT .. I have zero affiliation with them , other than ISO / Funder but have submitted 8 deals 5 funded , 3 declined and all 5 I was paid exactly what was promised .
They are a B. C paper shop , they are a 2nd or position shop they have their act together and in the past few months all has come to pass.Last edited by c4get; 06-27-2015 at 06:16 PM. Reason: spellcheck
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06-28-2015, 08:55 AM #4
Who actually (honestly) pays the ISO the day merchant is funded?
Agreed- Lendini Rocks!
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06-28-2015, 09:57 AM #5
- Join Date
- Sep 2014
- Posts
- 20
Power Team
Yes Eddie and Nick are a Power team and that is why that company is and will be #1 Lender in the country. They treat their ISO's well
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06-29-2015, 08:30 AM #6
- Join Date
- May 2015
- Posts
- 33
ISO's are wired their commission as soon as the deal is funded. No lag time.
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06-29-2015, 01:41 PM #7
We wire the funding to the merchant's account and the ISO's commission simultaneously.
Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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06-29-2015, 03:28 PM #8
Obviously nobody wants to wait to get paid on deals, that said most funders pay within 1-3 days. I am just wondering is it really that important to get the money same day as funding. Does this play a big role in the banks you choose to work with? Is 1-3 days too long to wait?
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-29-2015, 03:31 PM #9
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06-29-2015, 03:34 PM #10
- Join Date
- Jul 2014
- Posts
- 1,746
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06-29-2015, 03:34 PM #11
Last edited by J.Celifarco; 06-29-2015 at 03:46 PM.
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-29-2015, 03:47 PM #12
fixed your post
I would rather wait a week for commissions if it means the funder will get the majority of my deals approved with minimal stips and surprises and one who I have a good relationship with rather than only shop around for a funding source who pays the same day. That is on the bottom of my priority list.
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06-29-2015, 03:54 PM #13John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-02-2015, 01:08 PM #14
- Join Date
- Jul 2015
- Posts
- 3
We pay our iso as soon as the deal is funded as well
we are direct lenders, always looking to cultivate new iso relationships .....Last edited by wallstreetgirl; 07-02-2015 at 08:32 PM.
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07-02-2015, 03:23 PM #15
- Join Date
- Jul 2014
- Posts
- 1,746
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07-02-2015, 03:50 PM #16
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07-02-2015, 04:57 PM #17
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Greenbox, Factor Funding, Snap (or close to it). Lots of people do. Total Merchant Services, which uses CAN, takes upto 7 weeks depending on what time of the month it funds. Total **** show.
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07-02-2015, 05:00 PM #18
- Join Date
- Jun 2014
- Posts
- 59
Our ISO's receive commission the next business day following a funding.
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07-03-2015, 11:13 AM #19
- Join Date
- Jan 2015
- Posts
- 127
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07-06-2015, 02:41 PM #20
- Join Date
- Jun 2015
- Location
- Orange County, CA
- Posts
- 21
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07-07-2015, 12:52 PM #21
- Join Date
- Apr 2015
- Posts
- 50
Same day my friend!!!!
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07-07-2015, 01:27 PM #22
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07-07-2015, 06:41 PM #23
We wire the merchant and ACH the ISO at the same time. Merchant get his funds today, and ISO has the commission $$ in their designated bank account on the next business morning. We have good buy rates and get you timely responses to your applications. Contact me directly if you would like to discuss our programs further.
Regards,
Louis Rubin
Regional Sales Manager
4890 Alpha Road l Suite 200
Dallas, TX 75244
866-962-4922 toll free
214-216-0230 direct
214-420-5100 fax
www.caprockservices.com
An Express Working Capital LLC Company
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07-08-2015, 03:30 PM #24
Business Credit and Capital has been paying the ISO's simultaneously for the past 6 years. Our ISO's are our bread and butter - we never forget that.
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