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06-18-2019, 03:21 PM #1
- Join Date
- May 2018
- Posts
- 199
Prompt Capital Funding
Anyone familiar with Michael Rosario/ Eric Kapusta? Funded a 250k deal with them and they wont pay me my commission. Even went to the office they said I'd get paid after 30 days and its been over 30 days. The company doesn't even respond to my emails. Its terrible
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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06-18-2019, 03:25 PM #2
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- Feb 2017
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- 3,395
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06-18-2019, 03:35 PM #3
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- May 2018
- Posts
- 199
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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06-18-2019, 03:37 PM #4
- Join Date
- Feb 2017
- Posts
- 3,395
Do you have an ISO agreement? Sounds like a lawsuit is in order....
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06-18-2019, 03:51 PM #5
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- May 2018
- Posts
- 199
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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06-18-2019, 03:57 PM #6
- Join Date
- Feb 2017
- Posts
- 3,395
It certainly is their ISO agreement.
But they offered 13 points? Wow. That's a red flag for you over there.
They definitely didn't release the money to you because they wanted to make sure that when they submitted it that it wouldn't default on them after the clawback period.
Have the merchant email you the contract that they got.
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06-18-2019, 04:03 PM #7
- Join Date
- May 2018
- Posts
- 199
I have the contract it says advantage capital on the bottom. I got paid 7.5% commission on the 250k not 13 points tho lol thats 18,750. I was okay with the clawback thing but its been over 30 days
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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06-18-2019, 04:11 PM #8
- Join Date
- Feb 2017
- Posts
- 3,395
Good people at Advantage. Too bad you couldn't have funded it there direct with them. I'm working on a deal that took a lot of sharp turns, and they're sticking with it, working it hard.
Not sure how I calculated 13 points. Whoops. Their max upsell is 12.
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06-18-2019, 04:16 PM #9
- Join Date
- May 2018
- Posts
- 199
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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06-18-2019, 04:23 PM #10
- Join Date
- Feb 2017
- Posts
- 3,395
Advantage is too clean for that. They have a contractual obligation with Prompt, their legal teams would never let them fund behind your back. Renewals generally belong to the merchant who submitted it.
Being a super-broker myself, I know the feeling of never speaking with the merchant, but being in control of the file in that way. He probably would have paid you, but one of his deals probably went south, or some emergency came up in his life, and he needed the money and was hoping for another deal to come his way, and it still hasn't.
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06-18-2019, 04:24 PM #11
- Join Date
- Feb 2017
- Posts
- 3,395
I almost always pay my sub-ISOs immediately and on the one case that I didn't, I kept the money in the business account and treated it as frozen until the claw-back ended successfully.
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06-18-2019, 04:28 PM #12
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- Mar 2016
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- 657
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06-19-2019, 11:11 AM #13
- Join Date
- May 2018
- Posts
- 199
I feel like a big imbecile for this one.. all the emails of them trying to rectify and confirm my voided check have been going to my spam. We connected today and I did indeed recieve my wire with no problem. Guess I jumped the gun here...
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06-19-2019, 11:12 AM #14
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- Feb 2017
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- 3,395
Congrats!
(deleted, read it wrong)
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06-19-2019, 11:54 AM #15
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- Jun 2015
- Posts
- 3,318
admin should delete this thread
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06-19-2019, 11:54 AM #16
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- Mar 2016
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- 657
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06-19-2019, 12:18 PM #17
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- Jun 2018
- Posts
- 73
THANK YOU WHEETIE. We pride ourselves in being honest.
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06-19-2019, 12:25 PM #18
- Join Date
- Oct 2016
- Posts
- 4,318
“Dear sir, Please send me a your account information so I can send you $18,500” hits on all the spam triggers tho.
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06-19-2019, 12:30 PM #19
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,471
The words "funding, funder, fund" in any e-mail is a SPAM magnet these days even if you have traded e-mails with somebody recently.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-19-2019, 02:04 PM #20
- Join Date
- Oct 2016
- Posts
- 25
You just brought Prompt to light - Michael - Where's the Money you owe me? 15k from Dec. Same exact situation! Still haven't received a penny and we funded my merchant 250k!
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06-19-2019, 02:16 PM #21
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- Jun 2018
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- 73
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06-19-2019, 05:08 PM #22
- Join Date
- Oct 2016
- Posts
- 25
I've called plenty of times and was only told lies, ignored and called forwarded.
I called after your message on here - still waiting for a call back that never happened -
Michael you did advise today you renewed my deal several times and acknowledge that you never paid my commission? Where's my money!
But yet on DF you claim to always pay.
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06-19-2019, 07:59 PM #23
- Join Date
- Oct 2016
- Posts
- 4,318
Yikes!!!
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