BECOME A REFERRAL PARTNER
Learn More About Our Referral Partner Program
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Referral partners do not have as much responsibility as an agent. For example, a full application is not necessary to earn residual income. Referral partners can submit qualified leads, that include the merchant’s business name, first and last name of the owner, a phone number and/or an email address.
With this information, one of our agents will reach out to the merchant regarding their processing. If the merchant submits a full application and is approved, the referral partner will be granted residuals, however they will be a lower split than that of an agent.
Being a referral partner is great for those who have contacts that may need processing, but don’t necessarily have the time to collect a full application and all supporting documents.
HOW IT WORKS
Choice will pay 20% of ongoing monthly residuals for all accounts referred.
Choice offers larger percentage splits at specific volume milestones.
Choice starts paying referrals once monthly residual payments total at least $50/month.
Choice requires at least 2 referred accounts per quarter.
All merchant pricing is set/negotiated by Choice.
Residuals are paid monthly, and are paid for processing volumes two months in arrears.
WHO DOES CHOICE REPRESENT?
Low-risk merchants typically accept cards in-person, have lower average transaction sizes, operate in “low-chargeback” industries, and have an established history of credit card acceptance.
We work best with:
Small- and mid-size Retail establishments selling physical goods and services, such as clothing shops, salons, spas, auto-services, markets, books, furniture, and other common consumer items.
Restaurants and Quick-Service merchants such as sit-down restaurants, juice bars, bakeries, coffee shops, bars, clubs, sandwich shops, etc.
Online businesses selling retail goods and Business to Business goods. Online merchants selling physical products without custom orders or long future-delivery are best.
Business to Business merchants processing large, keyed transactions or who need level 2/3 processing.
Healthcare merchants such as doctors, dentists, optometrists, chiropractors, veterinarians and any other medical fields that take both in-person and virtual payments.
DOES CHOICE REPRESENT HIGH RISK INDUSTRIES?
Choice does represent certain merchants based on their high-risk nature (Poor credit, Industry type, Chargeback ratio or recent spike in chargebacks, Offshore processing, Being declined previously for a merchant account). These industries include, but are not limited to: