Quickbridge Payoffs & early payoff policy
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  1. #1

    Quickbridge Payoffs & early payoff policy

    Have a merchant who is hung up on saving $8K by taking advantage of early payoff but as many of you know QB letters say MUST COME FROM merchant bank acct.
    I know the ball is in their court....just curious if anyone ever was able to get them to commit to accepting the discounted amount from a lender.

  2. #2
    Senior Member Reputation points: 99426
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    I don't think anyone honors the pre-pay discount for funds that come from refinancing through a competitor

  3. #3
    Senior Member Reputation points: 3088
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    Technically its completely up to them- The issue is that any time they are getting paid off via third party, there is really no incentive for them to discount the payoff. Would you offer a discount to not only lose a client to a competitor but also to take a haircut on your original commission to do so?

  4. #4
    No i would not. Just seeing if anyone had similar experience only because QB gives teaser lines like this in every contract and payoff. (Without any special request from merchants)

  5. #5
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    Quickbridge Payoffs & early payoff policy

    It's because they are lending through bofi

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