[getlikwid247]

Received completely wrong. Glad that all of the self righteous have spoken. The exact reason why I Never use this app.

[jotucker1983]

Average ISO's are paying their brokers 30-40% commission on new deals.

Example: $100,000 funding at 10 points = $10,000 in revenue to ISO.

$10,000 X 35% payout = $3,500 NET to broker (less taxes)

I am currently offering 3-5 points to ALL referral partners that have deals to send.

$100,000 funding X 10 points = $10,000 at 4 points to you =100% of $4,000!!



We will be able to offer more money, longer terms, and better overall deals to your merchants. You dont have to do anything other than send packages.

NOT looking for ISO's/companies.

Looking for brokers that want to make more money and do less work while offering better programs to their clients.

Please inbox for more details

- How are your programs better? Can you elaborate?

- What happens with renewal compensation?

- What are you doing for the broker that they can't do themselves?

[Triton]

Will you also provide a phone system, leads, crm, office space and sales support?

[mcaguru]

")

[Triton]

I just find it extremely unethical to request such a thing from brokers working at another shop. I know my employee agreement, and I'm sure just about every other agreement, has a non-compete clause along with an IP protection clause, and asking someone to send you files from their shop is tantamount to a lawsuit. Both to the employee and to you for soliciting them in this fashion. I know you would hear from my lawyer if I found out one of my guys was trying to backdoor my clients to you for some extra cash.

[Funder Mark]

Agreed.

[Chambo]

I just find it extremely unethical to request such a thing from brokers working at another shop. I know my employee agreement, and I'm sure just about every other agreement, has a non-compete clause along with an IP protection clause, and asking someone to send you files from their shop is tantamount to a lawsuit. Both to the employee and to you for soliciting them in this fashion. I know you would hear from my lawyer if I found out one of my guys was trying to backdoor my clients to you for some extra cash.

Did Murray recently produce an article about a broker who went to jail for this sort of thing?

[Triton]

Did Murray recently produce an article about a broker who went to jail for this sort of thing?

Not sure but would be interested in reading it.

[Chambo]

http://debanked.com/2016/02/steal-a-...w-enforcement/

[mcaguru]

Yep. Its probably happening all the time. All my peer funding houses tell me Gmail accounts are big producers. who am I to question a company how they have no website and sending 25 files a day? its not ethical to question a submitter is what my friendly competitors tell me.

I did tell a few large brokerage companies that by not signing up with Cresthill Capital you may be giving your leaks an outlet so smarted up and sign up (after all we-make fast offers and pay double digit commissions and probably the largest funding house for files between 2-20K with fewest stips and funds hours after contract back-in) the wise ones followed my advice that's the most out of me on the topic.

[Chambo]

Yep. Its probably happening all the time. All my peer funding houses tell me Gmail accounts are big producers. who am I to question a company how they have no website and sending 25 files a day? its not ethical to question a submitter is what my friendly competitors tell me.

It's called Accessory After the Fact. If you are accepting stolen goods, you are just as culpable as the thief themselves

[mcaguru]

It's called Accessory After the Fact. If you are accepting stolen goods, you are just as culpable as the thief themselves

I agree chambo funders are not detectives...its hard enough underwriting merchants.

[WhoisKingsley]

NOT knocking anyone's hustle on here but I can tell you this:

On an average pay out of any of the deals I placed for "Brokers" in the past paid out 7pts. There isn't much work to be done in between from getting a deal, review, basic UW, and sending off. It's up to the broker to connect with their merchant and provide a professional experience and close properly. What is the % of that being done? VERY SMALL. You would have to accept a LARGE amount of Brokers in order to have a good turn over and 4-5 pts will not appease the masses. I have had some laugh @ 7 points. There is a huge lack of a certain something in this industry and extending your services (though you aren't doing anything wrong) will not be appreciated and worked in the way of your liking. You will gain more headache than revenue lol!

[mcaguru]

It's called Accessory After the Fact. If you are accepting stolen goods, you are just as culpable as the thief themselves

and no disrespect Master Chabmo how would you feel if funders asked you how you came across a merchant in a detective tone?

[Chambo]

and no disrespect Master Chabmo how would you feel if a funders asked you how you came across a merchant in a detective tone?

I got nothing to hide...I'd tell them

[AndyYSCISOdept]

I got nothing to hide...I'd tell them

And he would too. The fact is that if you're making money in this industry you wont be solicited to work with someone else on DF or any gimmick for that matter.

You can just ride Master Chambos coat tails into a long and prosperous career.

[J.Celifarco]

Average ISO's are paying their brokers 30-40% commission on new deals.

Example: $100,000 funding at 10 points = $10,000 in revenue to ISO.

$10,000 X 35% payout = $3,500 NET to broker (less taxes)

I am currently offering 3-5 points to ALL referral partners that have deals to send.

$100,000 funding X 10 points = $10,000 at 4 points to you =100% of $4,000!!



We will be able to offer more money, longer terms, and better overall deals to your merchants. You dont have to do anything other than send packages.

NOT looking for ISO's/companies.

Looking for brokers that want to make more money and do less work while offering better programs to their clients.

Please inbox for more details

Seriously??? You come on an open forum and want other peoples employees to send you deals out the back door of the company they work for? You should have just posted scumbags wanted.. I have seen some ridiculous posts on here but never someone asking to see who would be interested in breaking the law. Idiots like you will be why this industry gets regulated.

[aredmond]

Average ISO's are paying their brokers 30-40% commission on new deals.

Example: $100,000 funding at 10 points = $10,000 in revenue to ISO.

$10,000 X 35% payout = $3,500 NET to broker (less taxes)

I am currently offering 3-5 points to ALL referral partners that have deals to send.

$100,000 funding X 10 points = $10,000 at 4 points to you =100% of $4,000!!



We will be able to offer more money, longer terms, and better overall deals to your merchants. You dont have to do anything other than send packages.

NOT looking for ISO's/companies.

Looking for brokers that want to make more money and do less work while offering better programs to their clients.

Please inbox for more details

Good luck with this

[Michael I]

Sorry but i am a better closer then you. I will just take the entire $10,000. I know this because I am not on the forums begging for packages.

including taking submissions that iso send you ? does credibly not do iso business any more ?

[ridextreme]

NOT looking for ISO's/companies.

Looking for brokers that want to make more money and do less work while offering better programs to their clients.

Please inbox for more details

What you are asking is for employees of ISOs to steal deals right out from under their boss and send the business your way and risk criminal action against them.

This is no different than a receptionist at a chiropractors office answering inquiries on the business phone from a potential new patient and referring them to a different doctor down the street to get a kick back.

You are very unprofessional and shady and it won't surprise me if you have a criminal background.

[TStein]

[Sean Cash]

Maybe I missed it, but at what point did he ask for anyone to backdoor a deal?

[dailyPLUNDR]

I believe it was just inferred from the fact that he seems to be targeting specific brokers and offering them a larger commission than they get from the ISO they work for.

[Michael I]

I believe it was just inferred from the fact that he seems to be targeting specific brokers and offering them a larger commission than they get from the ISO they work for.

yeah and some how save them from paying taxes . send good old uncle sam to that guy door

[AlexSMF]

Aside from unethical and illegal, this is just dumb. You are better off leaving and starting your own ISO shop (even as a one man show) and generate your own deals and keep 100% of 100%