Stop Chasing Leads, Start Closing Deals: Payment Processing Success
Stop chasing leads and start closing deals. Learn how to grow your payment processing portfolio with our partner playbook for success.
Let’s talk about the daily grind of being a payment processing partner. You spend your days hunting for leads, making cold calls, and sending emails that probably end up in the spam folder. It can feel like you’re on a hamster wheel, running hard but not really getting anywhere. You’re chasing leads, but how many of them are actually turning into closed deals?
What if you could flip the script? Imagine spending less time chasing and more time closing. It’s not a fantasy; it’s about having a smarter playbook. Success in this industry isn’t about who makes the most calls. It’s about who has the most compelling offer, the best tools, and the strongest relationships.
This is your new playbook. We're going to break down the actionable strategies that top partners use to build their portfolios with less effort and more impact. Get ready to stop the chase and start building a recurring revenue stream that works for you.
Your New Opening Line: "I Can Eliminate Your Processing Fees."
If you’re still leading your sales pitch by promising to save a merchant a few basis points, you’re playing the game on hard mode. The market is saturated with partners competing over fractions of a percent. To stand out, you need a knockout punch right from the start. That punch is Dual Pricing.
Dual Pricing is a program that allows merchants to pass their credit card processing costs on to the customer. It works by presenting two prices for a product or service: a standard price for those paying with cash and a slightly higher price for those using a card. That small difference covers the transaction fee, effectively wiping out the merchant’s processing bill.
Why this is your secret weapon:
- It’s an irresistible hook: Saying "I can get your processing fees down to zero" is a conversation-stopper. It immediately grabs a merchant's attention and makes them want to hear more.
- It sidesteps the rate competition: You’re no longer in a race to the bottom on pricing. You are offering a complete solution to one of their biggest operational headaches.
- It builds your value: By offering a high-impact solution like Dual Pricing, you position yourself as a strategic consultant, not just another salesperson. This builds trust and makes for a stickier client relationship.
Leading with Dual Pricing transforms your pitch from a commodity to a must-have service. It's the fastest way to get a "yes" and the most effective tool for rapid portfolio growth.
Become the Tech Guru Every Merchant Needs
These days, a simple credit card terminal is about as exciting as a landline phone. Merchants are looking for technology that does more than just take a payment. They need tools that streamline their operations, provide valuable data, and help them compete in a crowded market. If you want to close more deals, you need to become their go-to tech expert.
Stop selling boxes and start selling solutions. Arm yourself with a suite of modern fintech tools that solve real problems for businesses.
Your must-have tech offerings:
- Smart Point-of-Sale (POS) Systems: Offer systems that do more than swipe cards. Look for POS solutions that manage inventory, track sales analytics, handle employee time-tracking, and run customer loyalty programs. This transforms the checkout counter into a business command center.
- Omnichannel Payment Solutions: Merchants need to be able to accept payments everywhere their customers are. This means having seamless solutions for in-store, online, and mobile payments. Offering an integrated system that syncs all sales channels is a huge value-add.
- Crucial Software Integrations: A payment system that can "talk" to other business software is a game-changer. Providing integrations with popular accounting software like QuickBooks or industry-specific ERP systems saves your merchants hours of manual data entry and reconciliation.
When you can show a merchant how your technology will save them time and money beyond just the transaction, you become an indispensable part of their business ecosystem.
Build Relationships That Pay Dividends
In an industry that can often feel transactional, building genuine relationships is a superpower. Merchants are tired of being sold a service and then abandoned. A signed contract should be the beginning of your partnership, not the end. The best part? Building strong relationships doesn’t have to be time-consuming.
It’s about being a reliable resource and showing that you care about their success beyond the initial sale.
How to build relationships that last:
- Leverage Your Partner's Support: You can't be available 24/7, but your support system can. Partner with a company like AFS that offers dedicated, human-powered support. When your merchant has an issue, knowing they can get a real person on the phone who can solve their problem makes you look like a hero. It’s the easiest way to provide five-star service without doing all the work yourself.
- Conduct Simple Check-ins: A quick email or call every quarter to ask, "How are things going?" can work wonders. It shows you’re thinking about them and gives you an opportunity to address any issues or upsell new solutions that fit their evolving needs.
- Ask for Referrals: Your happiest clients are your most powerful marketing tool. Once you’ve established a solid relationship and proven your value, don't be shy about asking for an introduction to other business owners they know. A warm referral is infinitely more effective than a cold call.
Choose a Partner Program That Works for You, Not Against You
Finally, the most critical play in your book is choosing the right payment processing partner. Your success is directly linked to the quality of the program supporting you. A mediocre partner program will leave you with clunky systems, slow support, and limited earning potential. A great one will feel like having an entire team dedicated to your growth.
Don’t settle. Look for a partner program that is actively invested in your success and provides the infrastructure you need to thrive.
What to look for in a top-tier partner program:
- Diverse Revenue Opportunities: Your income shouldn’t be limited to residuals. Look for programs that offer upfront bonuses, equipment revenue, and other streams to create a healthy cash flow.
- Dedicated Partner Support: You need your own support line. Having a dedicated team to help you with applications, pricing, and technical questions is non-negotiable.
- Fast Onboarding and Funding: A slow onboarding process can kill a deal. Your partner should have a streamlined, digital process to get merchants approved and running quickly.
- A Winning Product Suite: You need access to the best tools, including Dual Pricing, modern POS systems, and robust software integrations.
Start Closing More Deals with AFS
The days of grinding for every single lead are over. It’s time to adopt a smarter playbook focused on high-impact solutions, valuable technology, and strong relationships. At AFS, we’ve built our partner program to give you exactly that. We provide the game-changing tools like Dual Pricing, the dedicated support you and your merchants deserve, and the modern tech that makes you an indispensable resource.
We handle the operational heavy lifting so you can focus on what you do best: solving problems for merchants and growing your portfolio.
Ready to stop chasing and start closing? Explore the AFS Partner Program and see how we can help you achieve your goals with less sweat.