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01-22-2016, 10:43 AM #1
Reputation points: 10944
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Some of my best ISOs only send me 8-10 files a month but close and fund 80% of them which makes them very very valuable indeed.
Then on the flip side I have a couple that send 15-25 files a day but only fund 30-35 a month, that's a lot of paperwork for a very poor closing ratio.
Now I get that YS deals aren't the most attractive to merchants but what the former rep does really well is setting the expectations.
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01-22-2016, 11:17 AM #2
Reputation points: 50583
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Kingsley <3s YSC too. I hate that people get all upset about YSC rates and process. Not everyone is perfect and YCS has helped bridge gaps for a lot of my high risk merchants. It may take a little bit, but I at least let them know EVERYTHING up front and give a representation statement of the business and what's going on. It's helps them take the info and get me what is needed faster instead of saying "Give me the Max you can get"... that's like saying "I don't know my merchant and whoever gives him the max can steal him from me".
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01-22-2016, 11:53 AM #3
Reputation points: 307559
- Join Date
- Jun 2015
- Posts
- 3,323
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