Merchant Services Partnership Types for Financial Institutions: Agent, Full Service, and Back-Up Solutions
At Merchant Processing Pros, we know that banks and credit unions need flexible merchant services partnerships to serve their business clients. Whether you want full control over the process or prefer a more hands-off approach, we offer three distinct models: Agent, Full Service, and Back-Up. These options are tailored to meet the unique needs of financial institutions seeking to provide payment processing solutions for their clients.
Agent Partnership: Take Control and Maximize Revenue
Our Agent Partnership allows your financial institution to handle sales and support directly, empowering your team to manage client relationships and maximize revenue. This model comes with a higher commission structure, perfect for banks and credit unions looking for more control and profit from merchant services.
Why Choose the Agent Model?
- Maximize Revenue: Your team manages sales and support, earning higher commissions in the process.
- Strengthen Client Relationships: Being directly involved with merchant services builds trust and loyalty with your business clients.
Full Service Partnership: Leave the Work to Us
If your bank or credit union prefers a more hands-off approach, our Full Service Partnership is ideal. We handle everything from sales to client support, allowing you to focus on your core services. This option still provides non-interest revenue to your institution without the need for active management.
Why Choose Full Service?
- Hands-Off Approach: We manage everything, from sales to support, so your team can focus on other priorities.
- Consistent Revenue: You benefit from steady income without the responsibility of managing merchant services operations.
Back-Up Partnership: A Safety Net for High-Risk Clients
Some of your business clients may be considered high-risk by traditional processors, but that doesn’t mean they should be left behind. Our Back-Up Partnership ensures that these clients get the payment solutions they need, stepping in when your primary processor turns them down.
Why Choose Back-Up?
- Support High-Risk Clients: We specialize in providing solutions for high-risk clients that other processors may reject.
- Complement Your Current Services: This option works alongside your existing merchant services partnership, ensuring that no client is left without support.
Why Merchant Services Partnerships Matter for Banks and Credit Unions
As financial institutions look for ways to increase non-interest revenue and offer more value to their business clients, choosing the right merchant services partner is crucial. Our partnership options ensure that your institution can offer flexible payment solutions that meet the needs of all your clients, regardless of their risk level.
Choosing the Right Merchant Services Partnership
Whether you want to take the lead with our Agent Partnership, prefer to leave it to us with Full Service, or need a Back-Up for high-risk clients, Merchant Processing Pros is committed to being the best merchant services partner for banks and credit unions. We’re here to help your financial institution grow by providing the right solutions for your business clients.
Ready to explore which partnership model is right for your financial institution?
Contact us today to get started.
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