Resumen
Magnify Payments is a payment company with an open partner programme for payment industry players. Partners refer merchants for processing and earn a share of the processing revenue.
How the programme works
The company also takes merchants that standard low-risk channels have turned down. For an agent this means not losing a client after a bank or a large PSP says no, but passing them to a provider that reviews such profiles.
Rewards are based on a revenue share from processing the referred merchants, so they grow along with those merchants' turnover.
Who is invited
- ISOs (independent sales organisations);
- payment agents;
- industry associations;
- financial institutions;
- companies providing business services.
What to clarify
The share size, payout schedule, merchant requirements and core service pricing are not public, and neither is the legal entity. These terms are set in the partner agreement. The programme suits those who have a flow of higher-risk business clients and no steady channel to get them onboarded.
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