Merchant Data Systems knows that those looking to sell a merchant portfolio are in a difficult place. Unlike any other merchant sales services company, they aim to work directly with the client to make the transition as easy as possible.
Raleigh, NC (PRWEB) February 25, 2013
Those who own a business in the state of North Carolina will be thrilled when they find out the details of the new Mergers & Acquisitions Partner Program by Merchant Data Systems (MDS). Companies that have longed since struggled with their needs to manage their portfolios are finding the assistance they desire. This program is being launched by one of the best processing companies in the country, Merchant Data Systems. They are a leader in the processing industry, and have a record of longevity to add to their polished reputation.
To run a business in today’s society, the finances of a company must be in impeccable order. Merchant Data System, or MDS, wants to reach out and help fellow business owners to manage their ISO portfolios. This partnership will prove to be valuable for both MDS and he business. First, as a merchant acquirer, MDS will pay cash to any company who wants to sell their merchant portfolio to them. This cash can be just what the business needs for their capital upgrades or to give bonuses to their hard working employees. There are no stipulations on how the money must be used. This business arrangement is proving to be a good one. The company gets extra cash and the help they need and MDS gets to work with a profitable company. To take advantage of this program, all that needs to happen is the business enters into an agreement with MDS to sell their ISO Portfolio.
Most people know how merchant processing works, but some may be leery of a company that wants to buy a merchant portfolio. These partnerships are only going to be made with companies that have good financial backing, in other words, that are in good financial shape. A company can take up to five years to show a profit, but they can be making money every month. Not all businesses will qualify for this type of arrangement; MDS wants a business relationship that is prudent for both parties. Adelard Gasana, Co-Founder of Karma Snack and partner with MDS mentions, "Merchant Data Systems knows that those looking to sell a merchant portfolio are in a difficult place. Unlike any other merchant sales services company, they aim to work directly with the client to make the transition as easy as possible."
The law requires that a file be kept for all customers whose credit card is being processed. There needs to be an authorization, as well as the personal information of the individual and this is maintained in a portfolio. The first perk to this type of arrangement is the instant cash that a company will receive. The second perk is a business relationship with one of the largest credit card processing companies in the US.
Why does MDS want merchant portfolios and this type of business arrangement? Credit card processing is what they do and have done for over a decade. Headquartered out of Miami, Florida, they have quite an impressive set up that can assist these companies. With customer service available any time day or night, every day of the year, they have the ability to process cards and help companies with little effort. What this means for the merchant is they will receive the help they need in their monthly processing. There will no longer be a need for an internal department dedicated to this type of work. This is a great savings to the company, no wages or expensive benefit packages. The merchant’s customers will still receive the same quality of service, they will see no change. By freeing up some company resources and time, the corporates can focus on growing the business and expanding their current portfolios.
When signing on with MDS, a merchant will not only get the assistance they need with processing, but they will get an office full of trained staff members who can assist day or night. MDS has state-of-the-art equipment that can handle all processing and a customer service center that is available when the customer needs them. MDS understands that it is a big decision to make such a bold business move, so they are willing to discuss the possibilities with a company and let them see up front what a partnership with them would entail.
For merchant services sales, and all other processing needs, MDS is a company that a company can feel safe partnering with. Because MDS will handle the processing, there is no expensive equipment needed. While this program is new to North Carolina, other states are already using this with success. In order for this to be a worthwhile business relationship, MDS needs to make around 20 percent of a profit on the acquirement. They want to ensure that a company is not in financial distress and actually has profitability. Understandably, MDS wants to ensure that the acquisition is a viable option for both parties.