How do you ACH broker fees?
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  1. #14
    Member Reputation points: 1377
    Join Date
    Oct 2015
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    Brea, California
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    88

    Quote Originally Posted by brokerCompany View Post
    Most term lenders like FC and Dealstruck dont allow additional broker fees. So best of luck trying to get it done with them. They are good for the $150k+ deals for well qualified merchants who would laugh at a 1.39 offer and 10% broker fees.
    10% ISO fee is just plain greedy and for real desperate or duped merchants. I guess that is why a lot of merchants shop and find the broker that does not charge those fees.
    Regardless of the opinion on this, the board has become a great source for merchants and they can find out a lot about the company or broker they might work with..
    Funding Circle allows you to charge a broker fee if you sign up on their 1.5% commission rate program (they give you 1.5% of their 3.49% origination fee). So you are saying I am greedy if I want to make a total of 8% on the deal?

    Dealstruck pays 2% (3% if you close 5 deals) AND allows you to charge up to an additional 2% broker fee. So am I also being greedy if I make 5% on a deal?

    I do not think me wanting to make 5%-8% TOTAL on a deal is greedy.

    Do you not have an office with overhead? What about the outrageous cost of lead acquisition?

    I understand 15%-20% but 5%-8%?
    Last edited by BigIz; 11-10-2015 at 06:34 PM.

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