Knight Is Backdooring
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  1. #1
    Senior Member Reputation points: 86941
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    ^ some have gotten very savvy on their ISO agreements to allow them to solicit the merchant once you submit the app and banks over. It flat out says, they can solicit your merchant as it becomes their merchant. so many people sign ISO agreements without reading them it's mind boggling. If you don't red line parts of an agreement, chances are you are going to get screwed. There are twists and turns on shutting you down on renewals, direct solicitations to merchants once submitted, getting cutoff if you don't keep production going into funder, etc etc.


    re pearl- everyone we worked with left to KCG. Whats happening @ Pearl?

  2. #2
    Senior Member Reputation points: 503040
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    Quote Originally Posted by fundingsmbs View Post
    re pearl- everyone we worked with left to KCG. Whats happening @ Pearl?
    I didn’t know Sara and Alan were a team until I found out they went to KCG together.

  3. #3
    Senior Member Reputation points: 51665
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    Quote Originally Posted by WestCoastFunding View Post
    I didn’t know Sara and Alan were a team until I found out they went to KCG together.
    They're definitely rock stars

  4. #4
    Senior Member Reputation points: 51665
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    Quote Originally Posted by fundingsmbs View Post
    ^ some have gotten very savvy on their ISO agreements to allow them to solicit the merchant once you submit the app and banks over. It flat out says, they can solicit your merchant as it becomes their merchant. so many people sign ISO agreements without reading them it's mind boggling. If you don't red line parts of an agreement, chances are you are going to get screwed. There are twists and turns on shutting you down on renewals, direct solicitations to merchants once submitted, getting cutoff if you don't keep production going into funder, etc etc.


    re pearl- everyone we worked with left to KCG. Whats happening @ Pearl?
    Pearl's still alive and funding strong! I've been at Pearl for 4 1/2 years and know the ins and outs of the industry and can assure you'll stay in good hands

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