Partners are the way Merchant Data Systems sees themselves with others. This is not a service provider in the traditional sense, rather the company enjoys becoming true business partners with the clients they service.
Boise, ID (PRWEB) February 14, 2013
There is an excitement in Idaho over a new Mergers & Acquisitions Partner Program. Business owners are closing departments and throwing out old fashioned methods of processing their monthly credit cards. Other companies are wondering how they can get in on the cost saving advantages that is being offered by a large merchant acquirer, Merchant Data Systems.
It all starts with a company that wants to sell their merchant portfolio. Merchant Data Systems will buy a merchant portfolio from a company and process the credit cards on a monthly basis for them. This deal is a partnership with MDS which allows the company to conduct most of the business as normal, servicing their customers. The entire process is quite easy but not every company will qualify for this type of special offer. To be able to qualify, a company must be in good financial standing and be willing to allow a partner to come in and help out. The company must have a solid, profitable margin and able to prove that they have the need for someone to help them with their merchant processing.
Merchant Data Systems is a company that is based out of Miami, Florida. They are first and foremost a credit card processing company that has been in the business since the late 90’s. As a customer service based business, they want to ensure that their customers are taken care of quickly and efficiently. To ensure their customers are treated quickly, they leave their call center open 24 hours a day, 7 days a week and 365 days a year. They know that there are companies that operate on all different shifts and they want to be able to accommodate all of these fellow merchants. The foundation of their business is merchant services and sales and they have expanded to the management of merchant portfolios.
Those who are looking to sell their ISO Portfolio may have some reservations about this kind of arrangement, as it is a rather new concept in Idaho. This program is made to net Merchant Data Systems around 20 percent profit and the company will be saving a great deal of money. First, MDS will offer cash to any business that wants to sell their portfolio, and that is just the beginning. This cash has no strings attached and can be used for any aspect the business sees fit. If the company needs a new piece of equipment, this may be the way to make capital improvements without going in debt. The cash value will be determined on the size of the portfolio and will be paid at fair market value. Merchant Data Systems is known for giving their partners many more benefits outside of processing assistance and initial cash. They have many other perks for their partners, like:
- Back-Office Support
- Capital Funding
- Joint Venture Pricing
- Same Day Merchant Accounts
- Continual Customer Service Support
- Handling Of Charge Backs
- Maintenance of Portfolios
- Great Partner Who Is Knowledgeable About Electronic Payments
- Residual Buy-¬Back Programs
- Quick Deal Closing
So as any prospective partner can see, Merchant Data Systems comes to the table with a great deal of experience and offerings for any company who wishes to do business. They have been profitable from their inception as a company, and they continue to help other businesses model their business in a way that makes them profitable too. The fact that entire departments can be easily eliminated and there is no need for equipment rentals for electronic processing is a nice savings. Having someone to handle all the monthly processing and making sure the credit card transaction are processed in a timely manner is priceless.
The company who sells their ISO portfolio to Merchant Data Systems will still have the ability to add new customers and to make changes as necessary. There is no reason why a company should ever just turn their portfolio over and never have anything to do with it again. This is a joint venture that means the merchant will work with MDS to ensure their customers’ accounts are billing on time and correctly. Using state of the art equipment, MDS can handle the volume of large corporations and process multiple portfolios. Adelard Gasana, Co-Founder of Karma Snack and partner with MDS mentions, "Partners are the way Merchant Data Systems sees themselves with others. This is not a service provider in the traditional sense, rather the company enjoys becoming true business partners with the clients they service."
Many companies might ask why they should enter into such an agreement or partnership with Merchant Data Systems. Some may feel like they are losing control of their company, but nothing could be further from the truth. In fact, a company is not losing control; they are taking control and getting the help they need to cut costs effectively. Cutting overhead costs is one of the main conversations in most financial planning meeting these days. Making sure that there is enough help to make a company run properly can be costly and overwhelming. Bringing in a business partner like Merchant Data Systems is an excellent way to cut costs and have the support that is needed.