Insurance Agent & Accounting Professionals
Earn revenue from every credit card transaction a client accepts! Adapt Merchant Services is a premier provider of credit card processing services and we have crafted the world’s only Referral Partnership Program exclusively for CPAs and Accounting Professionals. Yes, you read that right – the only one! And don’t worry, we’ve made sure it aligns perfectly with your Code Of Independence.
Boost Your Revenue
By partnering with AdaptMS, you can boost your revenue by offering an additional service to your clients without costing them a single extra penny. Plus, you’ll enjoy a passive monthly residual income from every credit card transaction accepted as payment by the merchants you refer. And the best part? No selling required. Seriously, none.
Fostering Lasting Connections
We’re awarding the residual commissions typically paid to an outside sales representative for the referrals you send us.
Referral Partnership Process
Become an Accounting/CPA Partner
Join our Referral Partner Program to start earning passive residual income by referring businesses to Adapt Merchant Services. It’s free, no cost or obligations.
Initiate Communication
Communicate with business decision-makers (in any manner you deam appropriate) conveying the benefits of a competitive analysis of the processing fees they are currently paying and how in most cases by switching to Adapt Merchant Services they’ll save money each and every month. The analysis is free and there is no obligation. We encourage you to disclose your potential commision in these communiques.
Disclose Commission
Send the client/merchant a written letter via our automated tools (or a letter of your own crafting) disclosing the details of your potential commission should they utilize Adapt Merchant Services offerings.
Obtain Written Acknowledgement
Receive written acknowledgement from the client via our automated tools (or an alternate method of your own choosing) of your clients acceptance of your potential commission.
Register The Referral
Register the referral name and contact information in your Promise.Network (our portal) account so you receive credit for the referral.
Submit Statements
The client or you, with their permission, must submit a copy of their most recent 3 months (consecutive) merchant processing statements in their entirety, to receive a free comprehensive competitive analysis. DO NOT submit statements if you have not received written acknowledgement from your client in step 4.
YOU'RE FINISHED
In a short period, we’ll email the client a competitive credit card processing analysis and keep you informed regarding all communication with your referral.
Paid Monthly Passive Residuals
Once the client becomes a boarded merchant and Adapt Merchant Services is processing payments for the merchant, you may track the referral and your residual commissions in your Promise.Network Account.
Referral Program Overview
At Adapt Merchant Services, we prioritize the relationships you have built with your clients. Our goal is to enhance and maintain these connections by providing exceptional service while bringing value to them. When you refer a merchant to us, you will receive a monthly commissions from every credit card transaction accepted as payment by the referred merchant, for as long as they remain our client. This ensures a steady stream of passive income for you while we handle all the credit card processing and customer support needs with transparency and efficiency.
Our referral program is designed to be straightforward and rewarding. At the end of each month, from the moment a merchant is boarded, you can track your commissions through our Promise Network Portal. We believe in clear communication and will keep you informed about all interactions with your referrals. Join us today and start earning with a partner who values your professional relationships and strives to deliver exceptional service to your clients.
FAQ.
Do I receive commissions on all referrals?
We do not pay commissions on processing for referring your own firm, as that’s considered self-dealing. Via our commission plan rules we also do not pay commissions on any merchant referred which processes less than $10,000/mo in transactions. While you may refer small merchants and we are happy to serve them, there simply isn’t enough money involved in small merchants for us to even break even. So feel free to refer them and when they grow to a larger size and their processing volume increases above 10k/mo we will then start paying residuals to you for those merchant referrals.
I have independence rules to follow, how is that handled?
If you are unable to establish safeguards to ensure your independence with a client, do not refer that merchant. You may selectively refer merchants whom will not be a threat to your independence. If you would like to discuss how you may setup safeguards to make referrals, please schedule a time to speak.
Additionally, it is mandatory that you receive an acceptance of your commissions in writing from all referrals before we will provide a competitive analysis.
I do audit work and/or attest services can I still participate?
We understand that Clients you perform attest services for will be a threat to your independence and recommend you do not refer those particular clients to us unless you are able to establish appropriate safeguards to eliminate the threat to your independence.
What companies can you process credit cards for?
We can process credit cards payments for any company in any industry regardless of size. Please note, while we are able to serve everyone there will be some companies that making a switch will require other operational or software changes which make switching impractical, difficult, or expensive, depending upon the solution which they are presently utilizing. If switching to AdaptMS is not practical, we’ll let you know why and encourage you to merely refer the next business.
The merchant processing industry is littered with competitors practicing sneaky shady tactics to retain and keep merchants from switching service providers. Occasionally that means it’s less painful for a business to stay with a less desirable solution as the business pain to make a switch to a better alternative is to great for their liking.
How are commissions paid?
We will transfer the residual commissions to any bank account you register with us in the proprietary Promise Network Portal established for you when you join our referral partner program.
Can you process payments for our firm?
Absolutely! All you need to do is submit your most recent three concecutive merchant processing statements and we’ll be in touch regarding your situation and how we may assist you. Note it is not possible to receive commissions on processing transactions for your own firm as that is considered self-dealing.
How Much Can I Make?
The amount you can make is virtually unlimited, however the residuals you receive will be determined by the dollar volume of transactions we process for each merchant, our contract terms with each merchant, and the cost associated with processing those transactions. Review our Compensation Plan below for in-depth details.
The larger the company or the more companies you refer the more you’ll earn.
How long are referrals good for?
Any company you refer which becomes a boarded merchant within 12 months of your referral, will be considered your referral, unless the prospective client as evidenced by them turning down our proposal and subsequently another referral partner refers them, we initiate another proposal and then they become a boarded merchant. In such a scenario the referring partner which secured the proposal which lead to boarding the merchant will earn the residual for that specific merchant.
How do I start earning by partnering with AdaptMS?
Go to NEED A SIGNUP LINK.
Is this a pyramid scheme or MLM?
Not even close. A ponzi scheme seeks investments from all participants and uses the funds from future investors to fund fake returns to earlier investors. We are not selling any sort of investments. Nor do you need to recruit other participants to market our services for you to earn any money as is the norm in the MLM industry. No money is required from anyone to participate in our referral program. We are a US Banking industry regulated company with strict governmentally mandated privacy and secrecy laws we must adhere to.
We provide credit card processing services for Visa, Mastercard, American Express etc. Like all processors worldwide we collect a fee for each transaction at businesses we service. Instead of hiring a salesperson to cold call on businesses marketing our services, we are paying the residual commision which would normally go to such a salesperson to you for securing a merchant referral, allowing you to make a long term passive residual as a small piece of every transaction the referred merchant receives in their day to day operations. It’s a win win scenario. It allows you the opportunity to increase your revenues from your existing business relationships for a service these companies are already paying to utilize without costing them any more money than they are presently paying without us having to participate in the scummy sales tactics which are common in the merchant processing industry. And in most cases we’ll save the referred merchant money over their current provider.
What size companies does Adapt work with?
Any company which accepts credit cards for payments of their products or services regardless of size or industry.
Are there any companies you can’t process credit card transactions for the merchant?
While we can technically process payments for any company there will be some situations where it will be difficult or painful for a merchant to change service providers. It is on a case by case situation with every company in every industry depending upon the solution they are currently utilizing. For example some merchants have chosen siloed software critical to their business operations which has been hard coded (siloed) to only function with 1 merchant processor. This is called non-agnostic software and in such situations to make a processor change would necessitate changing their business operations software or hardware as well. Sometimes there are easy work arounds to these scenarios sometimes there aren’t. An enormous amount of companies prefer to utilize agnostic software which gives those business owners the option to work with any merchant processor they choose. So we won’t know until a merchant has been referred and we’ve had an opportunity to evaluate and present alternative options to them. If working with AdaptMS isn’t feasible at the time we’ll do everything we can to maintain the professional relationship you have developed with them while informing you why this situation didn’t work at this time.
When will I be paid?
Residual commissions are paid no later than 45 days following the month end of the month the transactions transpired, and no earlier than 30 days. For example, all residual commissions for transactions processed in the month of May will be transferred to a bank account of your choosing between 1-15th of July.
How can I view my earnings?
You will be given a referral account in our proprietary Promise Network Portal where you will be able to view your residual earnings from transactions we have successfully processed for each merchant you have referred.
What is the Promise Network?
The Promise Network is a proprietary payment processing website portal, meeting PCI Compliance Standards, developed by Adapt Merchant Services where 1) referred and boarded merchants will view and track their customer payment transactions and fees. 2) Where referral partners view the merchants they’ve referred and the passive residual income from the transactions processed for the merchants.
Do I need to refer all my clients?
No, you choose which companies you refer. You also choose how you want to approach each prospective firm about a competitive analysis of their current merchant processing services. If there is a threat to your independence with a specific client and you do not have safeguards to eliminate the threat, do not refer that specific merchant, and maintain your independence.
Do I really not have to sell anything?
Yup! your only role is to introduce us to business decision makers/merchants whom accept credit cards as payment in their business and we’ll take care of the rest. We are cognizant of your reputation and we will do everything to represent you honestly, transparently, and with the utmost of respect.
Anything Else I Should Know?
Yes, occassionally merchants purchase equipment, such as mobile payment terminals, cash drawers, etc. A merchant may purchase any agnostic hardware or software on the market and we sell it at cost. We make zero money from such purchases. While a merchant may buy such hardware for cash, in some instances instead of parting with their hard earned cash they negotiate a purchase agreement financing the equipment with no money out of pocket against future processing cost. When doing so, these merchants agree to longer term contracts with us to ensure we recoup the hardware cost. When a merchant does this, these cost will be reflected in your residual statements and will reduce or delay the timeline before residual payments commence as their financing needs to be paid off before their is any gross income to pay residuals. In such situations, this will be communicated to you and it will be reflected in the monthly residual statements.
Understanding Processing Software and hardware
Siloed vs. Agnostic Systems
When it comes to payment processing systems, businesses have two primary options: siloed or agnostic software and hardware.
Siloed payment systems are like the Macintosh world, they only work well with Apple and don’t play well with others. You have to buy Apple hardware and software at a premium price for everything to work. Similarly with a siloed payment system a merchant will only have the limited options of that siloed provider. They will have very specific hardware and software requirements to function, and they won’t play with any other providers’ solutions. Additionally, all siloed systems in the market are priced at a premium as the merchant gets locked into one processor with no option to competitively switch.
Agnostic payment systems are like Windows. There is an entire ecosystem of hardware and software developers in this world. The payment systems function like Windows functions whether you have HP or Dell. Agnostic payment systems work seamlessly with various software and hardware providers, allowing businesses to switch and upgrade without hassle. Choosing an agnostic system means more flexibility, fewer headaches, and the ability to adapt to changing business needs effortlessly.
When you are referring businesses to Adapt, some owners will be unaware of the difference, and some will have knowingly chosen a siloed systems while others got sold into a siloed system by an unscrupulous salesman. If a company, you refer is utilizing a siloed system we may or may not be able to assist them depending upon which siloed system they are utilizing combined with their firm goals and objectives. We will be able to assist many firms which are utilizing siloed systems, however some, due to the requirements to change to a more flexible option will remain with their siloed payment provider.
So, when you refer a business and they choose to remain in their private siloed members only garden, don’t despair, that’s business in the payments industry. Some will remain with Mac for a premium while others will go with Windows and have more options. Regardless, we will treat your referrals professionally and respectfully to enhance your reputation with them even though they are choosing to remain in a restricted payments world. We encourage you to thank them for taking a look and refer the next business, which we will be able to assist.
Adapt Merchant Services encourages businesses to utilize Agnostic Payment Systems as it gives companies the freedom to choose the best solutions for their business without being locked into a single payment provider’s ecosystem. This flexibility leads to cost savings, improved efficiency, and the ability to stay ahead of technological advancements. In contrast, a siloed system stifles innovation and limits a company’s options.
Understanding Our Compensation Plan
We need a compensation plan in writing which meets these standards;
1. Is easy to understand
2. Must utilize accurate accounting terminology
3. Must meet a mystery set of compliance standards or contractual conditions.
Would be nice if it, by it’s structure it encourages and rewards people to produce more.
When my 11 year old niece can read it and understand it and it has met the above standards we’ll have something we can utilize to effectively recruit with.
Comp Plan table goes here
Referral Compensation Plan Rules
1. Referrals must be new to Adapt Merchant Services and not actively referred by another referral agent, unless that merchant has previosly turned down a written proposal and they now become a boarded merchant due to your referral.
2. Compensation is based on the sum of all referred merchant’s monthly processing volume according to the published table.
3. Payouts are made monthly no later than 45 days following the month transactions were processed but no earlier than 30 days following the month transactions were processed.
4. Referral partners must maintain accurate contact and payment information in their Promise.Network account to receive payment each month.
5. Fraudulent referrals will result in disqualification and cessation of all commisions.
6. We reserve the right on occassion to pay referral bonuses as additional incentive, which you will be notified in advance for any such program.
7. Partners can track their referrals, processing volume and commisions in their Promise.Network account.
8. There is no cap on the number of referrals.
9. Partners must comply with all legal requirements.
10. Adapt Merchant Services reserves the right to modify the program.
11. A Referral agreement must be authorized before any payouts are made.
12. Partners are responsible for their own taxes and will be compensated as Independent Contractors.
13. Referred merchants must remain active/boarded for at least 90 days.
14. Partners agree to not call the customer support line meant to service our customers. Partner Support has it’s own number and support system within your Promise.Network account.
15. Partners will receive all updates via email, which will also be viewable in your Promise.Network account.
16. Referral partners must provide accurate information.
17. Compensation is non-transferable.
18. Partners must adhere to any marketing guidelines published on the Promise.Network portal.
19. Partners are prohibited from making or promising referred merchants any sort of pricing, terms, or deals and agree that all sales and customer support will be handled by Adapt Merchant Services.
20. Partners must register the referral in their Promise.Network account to recieve credit for the referral.
21. If the Partner is a CPA it is mandatory for the CPA to recieve in writing from the prospective merchant acknowledgement regarding their commisions before the merchant submits any current processing statements for a competitive analysis.
Hypothetical Earnings Example
Hypothetical Earnings Breakdown
*With Hypothetical IncomeHypothetical example of what one can earn which meets the compliance standards comp definition.
At minimum 1 example.
Preferrably 3 examples
Hypothetical Earnings Breakdown
*With Hypothetical IncomeHypothetical example of what one can earn which meets the compliance standards comp definition.
At minimum 1 example.
Preferrably 3 examples
Hypothetical Earnings Breakdown
*With Hypothetical IncomeHypothetical example of what one can earn which meets the compliance standards comp definition.
At minimum 1 example.
Preferrably 3 examples
Questions About The Compensation Plan
?
How will I be paid?
No later than 45 days following the month of the transactions being processed we will transfer your commissions on a 1099 independent contractor basis to an account of your choosing.
How do the stages work in the comp plan?
The stages are progressive. Meaning you will be paid a percentage on the gross income of the dollar volume processed in each stage. As the overall processing volume of all refferred merchant grows you will earn a higher percentage of the gross income on the processing volume in the respective stage(s). So you will always be paid 25% on the first $50k in processing volume each month 30% on the next stage etc. You will only be paid the maximum 50% of gross income on the volume above $1 million processed each month.
Why don't you pay commissions on merchants processing less than $10k/mo?
Margins in the processing industry are fairly small and we make money through volume. A business that brings in less than $10k/mo is tiny. On such merchants the absolute dollar value of maximum revenue is negligible. After we factor in customer service and overhead cost, a single call to our 24/7 customer support line cost us more than we bring in on such a merchant. And Adapt needs to stay in business to continue to pay you long term residuals.
We are happy to serve small merchants and as they grow they will remain your referral and we will pay you referral fees as they grow.
How secure are your payment processing services?
Security is our top priority. Our services comply with PCI standards, ensuring that all transactions are secure and your customers’ data is protected.
Schedule Your Consultation
Ready to explore a partnership with Adapt Merchant Services? Schedule a consultation with our team to discuss how we can help your business expand it’s revenues without costing your clients an additional dime. We’re excited to help you develop a side hustle earning a passive residual income through a successful collaboration.