Quote Originally Posted by mikem View Post
Zach, I've had "reps" that are high up in their company, personally calling me (thinking I'm the merchant) trying to backdoor me. Pretty sure there was nothing rouge. Do you want the lenders name?

It shouldn't be easier to understand-this is not common business practice in any industry, even with the rouge agent claim, but I guess it comes with the perks of being unregulated.

Also, if we are on topic, is it legit/lawful for a funder/lender that honestly declined a deal, reach out to the merchant a month later to see if there has been any change in his banks? And then of course not pay the broker if the deal closes? Does the funder own the lead once the broker submits it?

Read the iso agreement. It outlines what the rules of engagement are. If you dont like sections, modify or request to modify and if the iso or funder cant accomodate, dont work with them and choose other companies that align with your best interest.