NAB deepens its sales channel commitment with increased PEAK bonus terms and a 40x residual buyout offer
March 12, 2020
TROY, Mich., March 12, 2020 – North American Bancard, LLC (NAB), a progressive payment technology company dedicated to growing and nurturing its sales partner network, released two dynamic programs that provide an even greater opportunity for industry sales people to enhance earnings. The PEAK bonus program has been restructured to offer increased upfront activation bonuses, enhanced multipliers, and doubled cap for every Payanywhere Smart Solution merchant boarded on Electronic Payment Exchange (EPX), NAB’s wholly-owned payment processing platform. NAB also introduced a portfolio buyout program offering qualified sales partners an unprecedented opportunity to have a portion of their residuals purchased.
According to Ryan Malloy, senior vice president of Partner Sales at North American Bancard, “The revamped PEAK bonus program not only gives sales partners an opportunity to help merchants modernize their business through the Payanywhere Smart Solution Suite, it also enables them to earn greater profits at the same time,” he said.
The highlights of NAB’s PEAK bonus program for Payanywhere Smart Solution Suite merchants boarded on EPX include:
- $500 upfront activation bonus! – Bonus increased by 25 percent.
- Multiplier increase to 14x – The past multiplier amount was 12x.
- Doubled cap $10,000 – The cap increased, allowing Sales Partners to earn more than ever before on Payanywhere Smart Solution Suite merchants.
NAB’s new 40x buyout program enhances the typical portfolio buyout program by opening the opportunity up to sales partners across the industry.
“We’re excited to offer this innovative residual buyout program that will help sales partners with additional capital to flourish,” stated Malloy. “It also enhances NAB’s growth without compromising the original salesperson/merchant relationship.”
The highlights of NAB’s residual buyback for eligible sales partners includes:
- Fifty percent of portfolio purchased at 40x!
- Sales partners keep the merchant as part of their portfolio.
- Available to both existing and new sales partners.
By featuring innovative partner offers like the updated PEAK bonus program and groundbreaking 40x residual buyback offer, NAB remains focused on delivering industry-leading solutions that enable sales partners with the greatest flexibility for growth.
NAB will package these new programs with its other sales-focused resources, including the annual Transcend product event, POS Pros sales team, and award-winning customer service program to ensure its sales partners are equipped with the best sales arsenal offered in the industry.
“NAB is dedicated to outfitting its sales team with cutting-edge solutions that are backed by more than 25 years of industry experience,” concluded Malloy. “We want them to have all the support they need to successfully compete in today’s modern merchant environment.”
For more information about North American Bancard’s PEAK bonus program or the residual buyout offer, please contact your Partner Relations Advisor at 866-485-8999, ext. 1100. If you’re interested in joining NAB as a sales partner, please visit https://www.gonab.com or call 877-812-8041.
About North American Bancard
North American Bancard is re-imagining the payment experience. As a leading payment technology innovator, NAB has a diversified product platform that provides a modern end-to-end infrastructure to enable globally-preferred payment types. NAB's superior solutions deliver seamless payments experiences in mobile, online, and in-store environments. Serving hundreds of thousands of businesses and processing in excess of $45 billion in electronic payments annually, NAB delivers functional, frictionless solutions for our evolving merchant economy. For more information, please visit www.northamericanbancard.com.