March 05, 2013
Clearent, one of the nation’s fastest growing credit card processors, today announced record-breaking growth rates for its ISO sales channel. Growth is a theme that is used quite often in the world of payment processing, however what sets Clearent apart from others in the industry is that it has been able to maintain an incredible growth rate year after year. Fueled by the success of its ISO and agent partners, Clearent processed nearly $3 billion worth of payment transactions in 2012.
The company’s ISO sales team signed 99 new partners in 2012 and is off to a tremendous start for 2013. Clearent offers both large offices and individual agents benefits that are not available from other payment processors. For example, ISOs with many downline agents appreciate the fact that they have a partner who is willing to customize a program that works best for them, rather than being forced into a one-size-fits-all program.
Smaller ISOs appreciate Clearent’s streamlined management structure that allows them to easily gain access to senior management when they have an issue or concern. This is something that is not possible with most large companies that typically have layers and layers of employees in management positions. Agents receive responsive support from an experienced team that puts their needs first. This ties into Clearent’s promise of delivering transparency, honesty, and clarity in all things from pricing options to reporting and more.
Clearent’s own back-end processing platform also provides unique advantages, such as providing agents with multiple merchant pricing options without the headaches of complex billing codes and tables. It also gives ISOs and agents the opportunity to grow their brand thanks to co-branding opportunities on merchant statements, applications, and collateral.
Clearent’s sales partners of all sizes are excited about services that can help differentiate them from other providers, such as a next day funding service with a 9:00 Eastern cut-off time, which is one of the latest cut-off times in the industry, and the company’s hassle-free PCI compliance process whereby the service is not seen as a revenue stream and can be free to merchants. They also appreciate fast merchant approvals and residuals that are always paid on time with detailed reporting to validate accuracy and pay downline agents.
“At Clearent, we greatly value our relationships with our ISO and agent partners. They are one of the main drivers of success for our company and without them our record-breaking growth would not have been possible,” said Dan Geraty, CEO of Clearent. “We look forward to helping them stand out from other providers in the industry so they can grow faster and go further.”