The terms
Read these six, then go read what you signed somewhere else. This is the part most programs would rather discuss after you have already brought them accounts.
The terms
These are drawn from agreements we already sign. Your exact split and the specific figures get confirmed in your agent agreement before you bring us anything.
The economic interest in every account you originate is yours. We hold the merchant agreements because someone has to, and that ownership does not diminish or encumber what you built. It is written as a property right, not a courtesy.
The day a merchant settles its first transaction, you are vested. No schedule, no service period, no production requirement, no clause that quietly takes it back if you stop selling. Most programs vest you over three to five years. We vest you on day one.
Your rate cannot be cut unilaterally. If we ever dispute a number you have a 90 day window to raise it, and we owe you commercially reasonable efforts to collect from our vendors rather than shrugging when someone upstream is slow.
Every month: volume, transactions, revenue, every cost by category, margin, and your share. Per merchant, not a lump sum. You should never have to take our word for your own income.
If we ever sell or monetise a portfolio containing accounts you originated, you participate in the proceeds attributable to your accounts. Paid within 30 days of us receiving them, with a written calculation showing how the allocation was figured.
House account protection means your merchants cannot be quietly re-coded to someone else or moved off your number. Non circumvention runs for as long as you hold an interest.
Three shapes of income
On the products that carry one, mainly the F&I menu and vehicle service contracts. Paid on the contract, not against a month end target.
Monthly, on merchant processing and membership products, for as long as the account stays on. This is the part that compounds, and the part most programs find ways to claw back.
On insurance placements, for as long as the account renews. Renewal income you did not have to re-sell is exactly what makes an agency worth something when you go to sell it.
Straight answers
Yes, and nothing gets contacted. You are not appointed, nothing moves, and your clients never hear from us. You get the comparison and you decide what to do with it.
As little as one processing statement or one dec page. A client list is better because the picture gets more accurate, but people usually start with a single account to see whether we are worth the time.
No. Nothing here requires you to move a single existing relationship. The protection products are not insurance so they do not touch your carriers at all, and the dealer program covers a class most agencies cannot write today.
Nothing. No sign up fee, no quota, no exclusivity.
For the insurance lines, appropriate P&C licensing. For merchant services, the protection products and the F&I menu, no insurance licence is required. Referral arrangements work either way and we will map your setup on the call.
Merchant services and bonds are quickest. A statement review can turn into a boarded merchant inside a couple of weeks, and the residual starts the month they process.
Next
Ask us for the clause. We will send it before you sign anything.
Get your terms