Since there is no money out-of-pocket coming from our clients, we often get asked how we make money, while saving our clients thousands on payment and transaction fees.
There are 4 main areas where payment brokers can earn money.
Splitting the savings. If our clients decide they want our help to negotiate the savings on their behalf, we calculate the monthly savings based on a monthly analysis and split that savings with our client for a set period of time.
Contract placement, referral fees. Although many of our clients stay with the same service providers, in the event that a new service provider is selected, we may be able to get a referral fee from the service provider of your choice.
Stand Alone Statement Analysis or Contact Review Services. For companies that do not decide to use our negotiation or contract placement services (no cost), we can offer a stand alone, monthly statement analysis or contractual agreement review for a fee.
Custom Advisory. Payment Brokers has years of coding, development and integration experience and has deployed complex payment systems for clients that can be contracted as a service.