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  1. #1
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    For a new ISO who doesn't know whats going on wouldn't it pay to start working with a more established iso rater then going direct.. They will probably make more getting a split on commission with a big ISO then they will getting 100% of a smaller number if they go direct. Not to mention this will help them learn the process and speed growth, rather then learning on the fly and probably losing deals along the way

  2. #2
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by J.Celifarco View Post
    For a new ISO who doesn't know whats going on wouldn't it pay to start working with a more established iso rater then going direct.. They will probably make more getting a split on commission with a big ISO then they will getting 100% of a smaller number if they go direct. Not to mention this will help them learn the process and speed growth, rather then learning on the fly and probably losing deals along the way
    what type of logic is this? they will receive more with a split than going direct?

    sampson partners is an iso shop but i have seen them in statements, same as roc funding and synergy. they fund the deals they like, pass on the garbage - dont know how to underwrite for their life, and when the deal goes bad they file a ucc then try to get it funded to save their deal.
    Anthony Diamond
    Underwriter

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