The contract between a broker or ISO and a funder governing submissions, commission and conduct.
Typically covers commission structure and timing, exclusivity of submitted merchants, non-solicitation of the funder’s existing clients, and representations about how leads were obtained. That last clause is where compliance obligations reach the broker contractually rather than only through regulation.
ISO
A firm that sources merchants and places their files with funders, earning points on funded volume without deploying its own capital.
Points
The broker or ISO commission on a funded advance, expressed as a percentage of the funded amount.
Prior express written consent
The standard of permission required for certain marketing calls and texts to wireless numbers under the TCPA.
Clawback
A funder recovering commission already paid, typically when a merchant defaults early in the term.
We will tell you straight up if we cannot help you. No commission deals, no free trials, no chasing you for three weeks.