How to Pull Broker Fee??
Need a Funder or Vendor? START HERE

Results 1 to 20 of 20

Hybrid View

  1. #1
    Banned Reputation points: 84
    Join Date
    Apr 2021
    Location
    Miami, FL
    Posts
    21

    We would pull it for you and add to your commission payment.

    Matrix advance is back and currently funding mid-to-high risk deals 15K -150K.
    We fund past defaults too.


    Phil Marciano
    phil@matrixadvance.com
    (305) 317-5484

  2. #2
    Senior Member Reputation points: 83840
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,922

    Quote Originally Posted by PhillMatrix View Post
    We would pull it for you and add to your commission payment.

    Matrix advance is back and currently funding mid-to-high risk deals 15K -150K.


    We fund past defaults too.


    Phil Marciano
    phil@matrixadvance.com
    (305) 317-5484
    You are going to pull the Professional Service Fee in the Brokers Name (Company Name) that becomes a 3rd party transaction.

    Secondly, why would a broker disclose what they are charging ?

    I see many ways this type of transaction can go side-ways
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    Banned Reputation points: 84
    Join Date
    Apr 2021
    Location
    Miami, FL
    Posts
    21

    We've been offering it to ISO's we have good business relationships - and so far have not have any issues.
    We don't pull it under the brokers name.
    We usually add it to our fee on funding call and pay it along with the commissions.

  4. #4
    Senior Member Reputation points: 83840
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,922

    In your SOP, you are deducting from the Gross Amount of the MCA Funding?

    Example - Gross Funding is $100K - Broker Fee is $5K - you ACH/Wire $95K to Merchant?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

Similar Threads

  1. Soft Pull on Credit
    By brokerCompany in forum Merchant Cash Advance
    Replies: 11
    Last Post: 09-28-2019, 03:06 PM
  2. WHAT is the best way to pull fees.
    By Red in forum Merchant Cash Advance
    Replies: 2
    Last Post: 08-31-2018, 09:44 AM
  3. Credit Pull Service - Who do you use?
    By Skytop in forum Financial Services
    Replies: 6
    Last Post: 06-16-2017, 11:50 AM
  4. Possible to pull SS# from EIN?
    By skideeppow in forum Merchant Cash Advance
    Replies: 2
    Last Post: 11-30-2015, 10:31 AM
  5. No Credit Pull
    By 1StopFunding in forum Deal Bin
    Replies: 3
    Last Post: 09-10-2014, 09:06 PM


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

Cloudsquare: 14 new lender APIs
FundKite survey finds 77%
Ocrolus / Dragin partner


DIRECTORY