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04-06-2017, 12:23 PM #1
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- Aug 2014
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Get Set Up to Collect Fees
Are you missing out on tens of thousands of dollars by not being set up to collect fees? We can help. PM me for more information.
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04-06-2017, 12:37 PM #2
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- Feb 2017
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hows it work / email me the info at markj@whizfunds.com
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04-06-2017, 03:14 PM #3
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- Dec 2013
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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04-06-2017, 07:44 PM #4
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- Aug 2014
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- 620
Get Set Up to Collect Fees
You process fees for the ISO and hold back a certain percentage for yourself or are you an ACH provider? I'm going to guess the first one.
Last edited by Anthony@torro; 04-06-2017 at 07:53 PM.
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04-07-2017, 02:18 PM #5
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- Aug 2014
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- 7
You guessed correct Anthony.
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04-07-2017, 04:10 PM #6
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- Aug 2014
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Get Set Up to Collect Fees
Can't knock the hustle. In my opinion that's a lot of risk to take on. You're processing fees for a stranger not knowing if the merchant was actually funded by them.
Here's a Scenario: Merchant signs contracts and PSF with iso and the deal gets killed on funding. Iso still sends you PSF form and VC to process the fee. Whose door do the cops knock on when the merchant files a police report for fraud? Not trying to be pessimistic, but that's something you should take into consideration. Good luck.Last edited by Anthony@torro; 04-10-2017 at 05:05 PM.
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04-17-2017, 10:22 AM #7
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- Aug 2014
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- 7
Valid point, however we only collect the Fee for the broker when deal is funded. That, combined with a mandatory phone call with the merchant verifying the transaction (similar to a funding call) pretty much guarantees that no cops will be knocking on anyone's door. At least not ours Good looking out though.
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