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08-05-2016, 02:59 PM #1
- Join Date
- Aug 2014
- Posts
- 194
Rapid Advance change of policy regarding renewal commission?
Has anyone heard of a change in policy where they only pay on the net amount? Got super skimped on a commission and when I called up they threw the fact that we only funded 1 file this year that renewed twice for over 1.2M in total funding and that they had to waive the setup fee for the merchant.
This is the problem when funders try to take control of the negations directly with the merchant and try to cut out the broker.
Its a slap in the face when funders pull this stunt on renewals. Commission when from 42k to 12k on the renewal to 4k on the last one... why would we even bring these type of files if you're going to try to screw the brokers on the re ups?
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