As if ISO merchant account holders didn’t already have enough to worry about, CardFlex’s non-admission and settlement have added weight to the bad rep the industry gets. Two other companies were named in the same complaint, I Works and Phillips. In all, the FTC says I Works scammed consumers out of more than $275 million
If you’re an agent in negotiations with an independent sales organization, the minute details of your contract is critical as that’s where the money is. If your understanding of the contract is minimal than you can expect your contract to provide you with minimal compensation. Sometimes it’s flat out batter to just hire a lawyer
