[AndyYSCISOdept]

Stacking has hit a new low. For the 3rd time this week I received a FED EX'd copy of a contract that contained not only our docs but that of two other funders with identical offers that were signed 2 days after ours were signed.

The best part is when I called the ISO about where the docs were, the response was they were, "waiting on the merchant."

Self-policing needs to make a rare appearance.

[mfs01]

Stacking has hit a new low. For the 3rd time this week I received a FED EX'd copy of a contract that contained not only our docs but that of two other funders with identical offers that were signed 2 days after ours were signed.

The best part is when I called the ISO about where the docs were, the response was they were, "waiting on the merchant."

Self-policing needs to make a rare appearance.

unbelievable.. It looks like those ISO's really are trying to put merchants out of business.

[Chambo]

unbelievable.. It looks like those ISO's really are trying to put merchants out of business.

Not engaging in fiduciary responsibilities, all in the name of collecting a check?

There's a word for that and it is call PREDATORY

Keep daring and tempting the powers that be to come in and regulate. It won't be pretty when that beast is finally awoken

[Capital Stack]

Andy, I hope you cut this ISO off.

unbelievable.. It looks like those ISO's really are trying to put merchants out of business.

[Capital Stack]

Also have Isaac put them into our veterans only database that's locked.

unbelievable.. It looks like those ISO's really are trying to put merchants out of business.

[AndyYSCISOdept]

Thanks for the support guys. I think the part that really has got me upset is the lack of responsibility taken by the ISO when confronted!!!

I mean help me out here, what else am I suppose to do other than cut them off? And here is the messed up part...It has been 2 didrefent ISO's in the 3 cases, but the other funder(s) have been the exact same each time!!!!

[AndyYSCISOdept]

Also have Isaac put them into our veterans only database that's locked.

Not sure what that is? Sorry about my ignorance.

[mfs01]

I honestly think that all of us should stay in contact with each other and warn each other of such ISO's - It will be beneficial for all of us Funders to do so.

Andy, Isaac and Capital Stack, you may contact me at 702-473-1145.

[Ryan Shiroky]

never mind that... blow up their spots right here... who was it?

[AndyYSCISOdept]

The funding companies were WGF and Pearl/Horizon....

After talking to the ISO's I have a "NEW" perspective on how this happened!!!

[AndyYSCISOdept]

I'd tell you the names of the ISO's but I protect them from tht in our ISO agreement...unfortunately.

If you wanna guess, email me

[1StopFunding]

That's just horrible business!! What was ISO thinking? And how smart can you be to even send the competitor contracts?????

[Ryan Shiroky]

1Stop,

im guessing it was really the merchant that sent them in...

[AndyYSCISOdept]

1Stop,

im guessing it was really the merchant that sent them in...

It happens to be that "an inexperienced ISO" didn't think to tell the merchant to not send them all together

[MCNetwork]

When stackers are complaining about being stacked on you know we've hit a new low!

[AndyYSCISOdept]

When stackers are complaining about being stacked on you know we've hit a new low!

Its not the stacking its the 3 fundings at one time and hving ech company underwrite as if there isn't a balance....hahahaha

[MCNetwork]

That's always a risk. That's why many funders do a UCC search on the day of funding. The way for a merchant to really game the system is to coordinate all the fundings to hit on the same day and that takes some luck and skill.

[AndyYSCISOdept]

That's always a risk. That's why many funders do a UCC search on the day of funding. The way for a merchant to really game the system is to coordinate all the fundings to hit on the same day and that takes some luck and skill.

That's exactly what they were trying to coordinate. And lets be honest, I have seen it take 3-4 days for a UCC that I filed to pop up in a search, that right there is cause for a concern