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01-04-2016, 11:29 AM #1
ISOs charging their own fees.
ISOs, how many of you are charging your own fees?
I have no problem with this. We all need to make the most amount of money while retaining our merchants as clients.
We've recently just dropped our default PSFs/origination fees to 0% (the ISO still has the option of raising the fee if they so wish)
But I get the feeling that one of the reasons that there was push back on the fee was because of ISOs who charge their own fees on apps or on Funding.
Is this feeling wrong?
Also I've been seeing the name of one of my (former) ISOs on bank statements taking $5-$20 daily ACH pulls on certain merchants. He claims that this is because he syndicates; but why would he be doing his own seperate ACH transfers and not merely getting paid by the funder? Has anybody seen this before?
The guys I've been talking to think this is a fee he's been charging from the Merchant.
Does this make sense?
__________________________________________________ ______
Ben Faulding
ISO Relations
FOX Business Funding
347-632-3329
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