Swift Capital Issues??
Need a Funder or Vendor? START HERE

Results 1 to 13 of 13

Hybrid View

  1. #1
    Andrew...Is it true you sent a merchant contracts, which he signed and returned on a Friday, and then you withdrew the offer (after the contracts were signed by the merchant) the following Monday?? This can't be true, can it?

  2. #2
    Quote Originally Posted by MCA1 View Post
    Andrew...Is it true you sent a merchant contracts, which he signed and returned on a Friday, and then you withdrew the offer (after the contracts were signed by the merchant) the following Monday?? This can't be true, can it?
    That's happened quite a few times to us a while ago when we used to send deals there, that coupled with some really bad customer & ISO service issues forced UCS not to be able to send anything. Really is a shame because the rates are pretty good.

  3. #3
    Senior Member Reputation points: 99426
    Join Date
    Sep 2012
    Location
    New York, NY
    Posts
    1,780

    Quote Originally Posted by MCA1 View Post
    Andrew...Is it true you sent a merchant contracts, which he signed and returned on a Friday, and then you withdrew the offer (after the contracts were signed by the merchant) the following Monday?? This can't be true, can it?
    This happens on occasion with all the funders. Especially if you try to prequal a merchant yourself without the deal being underwritten first. You have to consider all the facts of the situation before placing blame with the funder. Now if the deal was fully underwritten and the merchant or ISO wasn't involved in any shenanigans, then you have a valid bone to pick.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY