Competing with PayFac Onboarding - Merchant Sales Podcast...

What this episode covers

ISOs and Agents have some serious competition from PayFacs today. One of the major competitive advantages these companies enjoy is a streamlined online application that results in instant approval and automatic integration with their technology solution. I am already talking to dozens of agents who are now boarding all, or at least a portion, of their new MIDs through a PayFac / ISV that has become an ISO, in order to leverage the distribution of the 1099 agent channel. It is time to wake up and remove the onboarding friction that exists. A great first step is to explore a partnership with our sponsors, NMI and IRIS CRM, to discuss how their new instant onboarding solution can help. They have a streamlined online application that can be customized to suit your needs. They are integrated directly with the underwriting departments at most of the top processors. And they can instantly create your NMI account in order to create quick and easy integrations.

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Frequently Asked Questions

How long is this episode of Merchant Sales Podcast?

This episode is 13 minutes long.

When was this Merchant Sales Podcast episode published?

This episode was published on September 14, 2022.

What is this episode about?

ISOs and Agents have some serious competition from PayFacs today. One of the major competitive advantages these companies enjoy is a streamlined online application that results in instant approval and automatic integration with their technology...

Can I download this Merchant Sales Podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.