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03-29-2017, 08:51 PM #1
There are literally thousands of merchant services reps that would die for a file like this. As long as his Visa/MasterCard volume is decent then he should be able to get 20-30k at a 1.20-1.22 over 9 months. Yeah the upfront commission wont be as much but the back-end residual every month will be nice to have
I can point you in the right direction if you'd like.
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03-29-2017, 09:37 PM #2
- Join Date
- Aug 2014
- Posts
- 194
First let me point out the original poster is talking about lockbox, which means the CC processing will not be changed so I am not sure why you think that would happen? Second no funder would offer this guy a 1.20 - 1.22 over 9 months NO WAY, that is a A paper rate for a D-F file. Chambo is correct in his post and if he can't manage his cash flow right now what makes you think he can when he loses 20+% of his CC receipts? He can't and will change his lockbox deposits back to his account and the Funder will then be looking at a loss.
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