[abfunders]

Oh, PS Kevin, yes, I understand as a direct lender that you pay your ISOs even if it's been years since the original introduction. He was an independent contractor, but that doesn't necessarily mean that he wasn't beholden to the standards of an employee. Does that change anything in your mind?

[Kevin Henry-Seacoast]

Oh, PS Kevin, yes, I understand as a direct lender that you pay your ISOs even if it's been years since the original introduction. He was an independent contractor, but that doesn't necessarily mean that he wasn't beholden to the standards of an employee. Does that change anything in your mind?

Micah,

No it does not. When making the payment tell this person you did this because of the original intro on a deal. Pay this person something as a token and explain that it does not mean they are getting paid on all deals going forward as they are no longer an employee. Payments in the future will be made on a case by case basis as there is no agreement in place, but you may offer some form of compensation as a good faith gesture.

Best,

KH

[Franklin]

I agree with Kevin. Pay him a ONE TIME finders fee or connection fee, not a commission. If he has real sense he’ll appreciate it and it may lead to more referral business. At worst it only helps your reputation and credibility.



















www.B2BRecon.com - The point when a merchant transitions from bank to alternative financing is when you strike.

Micah,

No it does not. When making the payment tell this person you did this because of the original intro on a deal. Pay this person something as a token and explain that it does not mean they are getting paid on all deals going forward as they are no longer an employee. Payments in the future will be made on a case by case basis as there is no agreement in place, but you may offer some form of compensation as a good faith gesture.

Best,

KH