[MCNetwork]

Has anyone heard of this company (www.pscny.us)? Apparently they allow an ISO to become more like a funder. For a monthly fee, they will take care of underwriting, contracts, merchant interviews, trade verifications, fundings, collections and reporting. The ISO just needs to provide the capital to fund the merchants.

[Chambo]

Everyday a new one seems to pop up

[Sean Cash]

that is a servicing model. I don't get why it would be a monthly fee. I'd charge a percentage on each deal like everyone else.

[JayBallentine]

I don't get why it would be a monthly fee.

Volume. Aggregate it now and leverage it later.

[MCNetwork]

that is a servicing model. I don't get why it would be a monthly fee. I'd charge a percentage on each deal like everyone else.

They charge a flat $750 per month. I'd prefer to pay that than a percentage on each deal especially if the portfolio grows large.

[Sean Cash]

how can they have a flat fee if they have variable costs like credit pulls and everything else? Doesn't make any sense. If I submit 200 deals a month, they are going to charge me only $750? If it doesn't make sense, then there is a catch. What's the catch?

[MCNetwork]

Good question. I shall inquire further...

[Chambo]

sounds like a bait and switch to me....

[MCAVeteran]

"You just have to provide the capital"