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SOURCE: Merchant Data Systems
New Jersey is one of the states that will have the privilege of having the Mergers & Acquisitions Partner Program. This program is being offered by Merchant Data Systems and promises to be a way for businesses to make money off of their merchant portfolio and get the assistance they need in processing credit card payments.
Trenton, NJ (PRWEB) February 04, 2013
New Jersey is one of the states that will have the privilege of having the Mergers & Acquisitions Partner Program. This program is being offered by Merchant Data Systems and promises to be a way for businesses to make money off of their merchant portfolio and get the assistance they need in processing credit card payments. MDS is different than other companies, in that it is a service oriented company that is completely devoted to their merchants and helping them to be successful.
Unlike other credit card processing companies, MDS offers affordable rates on their processing. By being competitive, they are able to offer their customers not only great services but different types of services too. MDS started out as a profitable company from the inception. They are located in beautiful, Sunny Florida and have a service department that is in operation 24 hours a day. Because not every business works a 9-5 schedule, customer service is available when it is needed.
It is MDS’ goal is to have a business venture with fellow businesses who want to sell their ISO portfolios. These residual buyout programs are designed to not only give MDS a profit, but to enhance the owners overall business structure. With MDS handling the credit card processing, the owners and officers in the company can be able to focus on continued building of the business and less on handling financial aspects. Adelard Gasana, Co-Founder of Karma Snack and partner with MDS mentions, "Merchant portfolios are an important part of Merchant Data Systems services. They are a company that takes great pride in their ability to help companies build and grow their portfolios."
Those who want to sell their ISO portfolios will find that there is a nice cash price that will be paid immediately. The cash can be used for capital upgrades, or any other needs the business may have. The reason for this joint venture is to allow MDS and the company portfolio they are purchasing to have a tailor made plan to accommodate their company. A dedicated plan for success and extra cash makes this a tempting offer for companies in New Jersey.
So why is MDS interested in buying these ISO portfolios? That answer to this question is easy, credit card processing is what they do, and they do it well. MDS is first and foremost a credit card processing company. In fact, they are their own underwriter so they can approve a new merchant in one day flat. They have the ability to work with clients who may be considered a risk because of the type of business they do. MDS is motivated to be bigger and better and that means having a great deal of support from other merchants. Giving cash assistance plus offering perks and bonuses makes MDS a great choice. Here are some other things to expect when signing on with MDS:
One of the most important parts of MDS is the customer service department. Because their company is customer service oriented, their staff is ready, willing and able to help those who need it. They have generous hours, and they make sure that their staff members receive appropriate training to be helpful to their merchants. When approached to buy a merchant portfolio, some companies can take comfort in the fact that the customer service team is always there to help whenever it is needed. They also make sure that there are no questions that go unanswered and that each matter is handled quickly and efficiently.
One of the goals of this merchant services sales venture is to help the merchant cut overhead. Hiring an internal person or department to handle all the portfolio processing can be expensive. Monthly overhead can include payroll, payroll taxes, benefits, worker’s compensation premiums, insurance and the utilities required to keep the extra space. By utilizing the services that MDS has to offer, this money can be put to better use. While a company will still need some sort of financial department, they can rest assured that all credit card transactions are processed by MDS. If a card is declined, MDS will handle that, not the merchant. This stress free relationship allows a merchant to focus the attention back on their business and forget about the mundane processing headaches.
As a merchant acquirer, MDS is looking for profitable companies. Merchant portfolios that MDS is interested in must be profitable and not in financial restraint. Because of the merchant processing costs that are involved in these transactions, MDS needs to make around a 20 percent profit for the venture to be worthwhile. Those looking to sell merchant portfolios can look no further than MDS. They have proven to be a leader in the credit card processing industry and want to extend help to merchants who need it. While other companies may offer similar deals to locals, they can never replace the integrity and strength that the foundation of this company was built on, that is priceless.
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