[Ryan Shiroky]

And for a funder to sue a broker, is kind of funny.... He SHOULD be suing the 2nd pos funder... but really, i dont think they can... unless they have a contract with that funder to not go behind them... if ANYTHING, they would sue the merchant, but it is A LOT easier to just add a default fee to the total payback amount and continue taking pulls and/or modify the payment schedule... I would say, whoever you were talking to, is full of sh*t and trying to scare you into not funding deals behind him...

[DirectMedia_Scott]

And for a funder to sue a broker, is kind of funny.... He SHOULD be suing the 2nd pos funder... but really, i dont think they can... unless they have a contract with that funder to not go behind them... if ANYTHING, they would sue the merchant, but it is A LOT easier to just add a default fee to the total payback amount and continue taking pulls and/or modify the payment schedule... I would say, whoever you were talking to, is full of sh*t and trying to scare you into not funding deals behind him...

I would actually agree with you, except for I don't fund deals. I'm simply a media source used to drive merchants to open phone lines. That said, I agree, it could be a scare tactic.

But honestly if you're a small ISO shop and you receive a cease and desist letter from some one wearing big boy pants, what are you going to do? It's probably a pretty effective tactic.

[Ryan Shiroky]

i dont know why... but that immediately came to mind...