Become the newest member of the Synergy Merchant Services' growing ISO Team! We provide the tools and support that enables our ISO's to outperform competitors in the Canadian marketplaces. What distinguishes us? Our support infrastructures and very competitive offerings are our most valuable assets. We take great pride in delivering both to you in an integrated and most effective package.
With minimal hierarchy and procedures, we encourage all of our ISO's to "pitch in" and maximize their acquisition potential. Our commitment to ISO's is to provide the infrastructure to offer a competitive edge in the dynamic Canadian marketplace. We invite experienced merchant cash advance salespeople a unique opportunity to use their entrepreneurial skills to achieve both immediate and long-term financial goals. We offer the highest quality and the most in demand merchant cash advances available in the Canadian market today.
Benefits
Competitive Pricing / Commissions
Fast Account Approvals
Full Service Training Available
Extensive State-of the Art Products
Lead Generation Pages & Support
Extensive Sales List for Networking
Pricing Incentive
Competitive Pricing
Preferred Product Pricing
Synergy Merchant Services provides more than just competitive discount rates and withholdings. With our years of successful experience in the merchant cash advance industry, we have studied the needs of large and small merchants across different industries. We have the knowledge and expertise to help businesses attain the funding they need.
As a part of our relationship building process, we take the time to learn as much about your needs so we can provide you with the appropriate services and resources.
By popular demand, we offer details about the process in becoming an ISO for Synergy Merchant Services Inc. by businesses and sales agents alike. Here is a brief description of the actual process to become a registered ISO for our company.
There are two types of ISO's in our company, Registered and Unregistered. The real-world difference between the two is that an unregistered ISO is essentially a sales agent, and a registered ISO is an independent company. Unregistered ISO's are not allowed to have sub-agents working beneath them. Registered agents can have sub-agents, as long as those agents operate under the name of the ISO. Registered ISO's are normally much larger than unregistered ISO's.
To become a registered ISO, a business or individual must register themselves with our corporate headquarters, and find a larger ISO sponsor to resell for. This process is time consuming and much more involved than a traditional Unregistered ISO, and is not the right direction for the majority of sales agents. Once registered, that company can have sub-agents, and generally has the ability to provide lower rates on merchant cash advance services than a sales agent. The major benefit of registering as an ISO are better discount rates to resell merchant cash advance services, more control over prices and residual payment options, being able to have outside agents that represent the main company and generally being able to establish a independent brand and company.
The application process:
The first step in becoming a registered ISO with Synergy Merchant Services Inc. is to apply through our corporate headquarters in Toronto, Canada. We understand that it is important to sell for a company with a positive business image, and a very positive history of paying their ISO's which is why Synergy Merchant Services takes their ISO program very seriously and will not approve all applicants.
Once you have completed the registration process, it is suggested that you allocate for no less than one month for the registration process. It may be shorter or it may be longer, but either way, it takes time to complete the registration process. It is also a very good idea to ask many questions to help with understanding and completing the application process. The repercussions from not fully understanding the provisions of the application could easily devastate a sales agent or small corporation.
To apply with Synergy Merchant Services, the application itself is thorough. The business history and any personal history of the owners will be closely scrutinized. The businesses and owner's business assets and resources will be looked at, as well as any prior criminal or civil history. Basically, any available information for the business and owners is taken into account in the application.
Finally done with the application?
Once the application is completed, it's time to wait. Synergy Merchant Services will begin their process to qualify your organization as an ISO. If there are any major issues, Synergy Merchant Services will contact the applicant to discuss.
After an extensive review of your application Synergy Merchant Services will take many factors into consideration and review each of those factors very closely to determine your buy rate and processes for submitting contracts.
Now you're an ISO: After you're finally an ISO. Now what?
That's completely up to you. You will probably have gone through some extensive training with your sponsor by now. Obviously if you reach this point in the merchant cash advance industry, you have things pretty much figured out. You can now recruit outside sales agents, and you are your own company. Congratulations. Now get to work!
To get started: Please contact isos@synergymerchants.com
