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Question

I am not a merchant payment services provider. I don't have time! However, I'm overwhelmed with inbound inquiries from high-risk merchants [CBD, online loans; especially payday...] I have direct relationships with ODFI's/Banks aggressively pursuing these lines of business. My Challenge? MANY ISO's approach me for intros to these banks and credit unions in order to serve their clients. After I make an introduction between the ISO and the bank, I'm left out in the cold. How do I earn perhaps 50 basis points+ for the millions of dollars in monthly transactions AND continue to receive a slice of future business that occurs between the ISO's and my banks? I'm really the conduit under my existing business model.

Merchant Services

Payment Card Processing

Answer

David Favor answered

Setup your business as a pass through.

You run the transactions + charge a fee.

Likely, for the businesses you mention, they'd be happy to pay a premium fee... as you will be the only payment processor to accept their transactions.