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Sunday, May 24 2020

If you want to be successful as a merchant services agent or ISO, then you need to have access to a high-quality merchant services partner program. A merchant services partner program is a concentration of a variety of merchant services that you can offer to your merchants in exchange for a commission from the partner program. Having a good partner program for selling merchant services is essential to having success and being able to attract a high number of merchants to your services. With our insight into merchant services partner programs, you’ll know essential facts about working with merchant services partner programs and what you need to do to find one that puts you in the best position for success.

 

What should you look for in a merchant services partner program?

If you’re looking to be a merchant services agent, then one of the most important steps in the process is finding the right merchant services partner to work with. The merchant services partner program that you work with will have a large part in determining your level of success in the merchant services industry. If you want to get the most out of your merchant services partner program experience, then these are the factors that you should be looking for when evaluating potential partner programs to work with. With these things in mind, you’ll find a partner that suits your needs and puts you in the best position to succeed.

 

Payout dependability

If you don’t get paid accurately and on-time, then you can’t hope to have a healthy business model. Part of the relationship between you and your merchant services partner program that you choose is getting reliable and accurate payouts from your merchant services provider. Without this, you can have cash flow and margin issues. So, when you start to look at potential partners for your merchant services endeavors, you should take into account the reputation that your merchant services provider has when it comes to payout dependability. Ideally, you want to work with a partner program that will pay you fairly, accurately, and on-time.

 

Support staff

When you are considering what merchant services partner program to choose for your business, you should take more than financials into account. One of the most important things that you should look at is what kind of support your merchant services partner program has to offer. With merchant services being a highly technical field of expertise, your merchants will often need support and help using their solution. When that happens, you want to be sure that your merchant services partner program has the support staff in place to help your merchant and make them happy. Without proper support, you might find your merchants being left dissatisfied with both the solution and you. This is a great way to lose clients and business.

 

Product suite

The merchant services solution that your merchants will select will be largely impacted by what products you have to offer, and that is why the product suite and selection that your merchant services partner program has available should play a large part in your decision of which partner to work with. You can’t offer services that you don’t have access to, and that is why you should aim to have access to as many as possible. Do this by exploring the products that your merchant services partner program has available and ensuring they align with your needs and that you will be able offer your merchants the products and services that you wish.

 

Reputation

One of the best ways to tell if you should be working with any particular merchant services agent program is to find out what kind of a reputation they have with both merchants and agents. Whether a program is good or bad, there are bound to be individuals and businesses that have had experiences with them in business. If you can find those experiences, you can have the knowledge available to you to let you know whether you should be working with that merchant services partner program in the long-term.

 

Industry specialization

When choosing a merchant services partner program, one of the most important considerations is whether they have a specialty or specialize in any certain industry. If you are in a very specific industry, you’ll want to make sure that your merchant services partner program specializes in your area of business or at the very least, offers services that fit your needs. For general merchant services agents, you’ll want to seek out a partner program that has a wide range of solutions to fit any need.

 

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    Disclaimer

    © Shaw Merchant Group, LLC. Our goal is to gather accurate, updated information and assist you in your research. We recommended that you check with your service provider or financial institution directly and get independent financial advice before making any commitments or business decisions. 

    Company logos, names, and trademarks mentioned on this site belong to their respective owners.

    All merchant related services and products are referred to North American Bancard for first right of refusal. All information generated on this site is shared with NAB. North American Bancard is a registered ISO of Wells Fargo Bank N.A., Walnut Creek CA, of BMO Harris N.A., Chicage, IL and The Bancorp, Philadelphia, PA.