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While businesses of all types were struggling to maintain a sense of traction, payments companies - whose business model is to support the ecosystem of commerce - were also feeling the impact. Consequently, one of the hardest hit areas in the payment processing service model has been the sales function. Not only have business clients been scrambling to survive, but sales representatives have been working overtime to guide them toward better-suited service options.
Moreover, the process of finding new business has resembled a game of hunting for a needle lost in the proverbial haystack. Old methods for communicating with prospects and presenting product opportunities to them suddenly needed an overhaul.
"Merchants of all types have been impacted by stay-in-place and shut-down orders enacted across the country," said Ryan Malloy, vice president of partner relations at North American Bancard (NAB). "We knew instantly our sales partners would need every possible tool in the box just to be effective in guiding business owners to payment acceptance solutions designed for the new normal."
Some payment processing and technology firms saw the emergence of new business practices as an opportunity. These payment providers began focusing more energy on boosting the sales knowledge base and identifying sales gaps that could be addressed quickly.
"North American Bancard launched a series of COVID-19 response trainings for sales partners, expanded one-on-one coaching, and augmented communications right away," Malloy said, explaining the company concentrated its sales support efforts on providing sales partners with extra avenues to refresh and gain more knowledge about relevant products and programs they could offer to struggling merchants.
"We approached the crisis as both a call to guide sales partners toward the right alternative programs merchants can use to diversify service delivery, as well as a chance to renew and reinforce relationships within our sales partner network," Malloy explained.
According to Malloy, one of the best parts of NAB's merchant services
For example, merchants who now want to minimize contact with customers, can instantly implement NAB's virtual terminal feature without enlisting or waiting for help from NAB's customer care department.
"We've been steadily ensuring our salespeople know how to assist merchants with adopting easy, COVID-friendly fixes, like our virtual terminal and invoicing functionality," said Malloy.
Additionally, Malloy noted, NAB has launched specialty trainings and support for products the sales team can bring to a merchant or sales prospect who is interested in facilitating more advanced contactless payment sales. Such applications include NAB's online ordering program, mobile payment apps, proprietary Payanywhere POS ensemble, and a host of easy-to-implement ecommerce solutions.
Malloy describes NAB's ability to support its sales partner network in whatever capacity, and whenever or wherever they need it, as "a true partnership." He indicated NAB has always stood beside its sales partners and remains committed to backing them with the right programs, promotions, products, and hands-on care they need as the world navigates through this unprecedented time, and well beyond.
"The most important focus for us right now is ensuring our salesforce is educated and ready to nimbly provide a merchant with any product they need to draw in business and keep the doors open and cash flowing," affirmed Malloy.
If you're interested in learning more about North American Bancard's products and services, or would like more information about joining the NAB sales partner team, please visit www.gonab.com or contact an NAB partner relations representative at 888-229-5229.
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New verticals now open for North American Bancard Sales - Jan 30th, 2023
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Reach your true potential as an NAB Integrated Partner. - Jun 28th, 2021
Build your brand and your bankroll with NAB's award-winning Registered DBA Program. - Jan 26th, 2021
Earn 36x Upfront with NAB's BIGGEST Residual Buyout Offer Ever! - Nov 04th, 2020
Tough times call for unrivaled support - Jun 30th, 2020
The Programs and Solutions Sales Partners and Merchants Need Now. - May 14th, 2020
Easy-to-sell software integrations - Oct 14th, 2019
Sales portal of the future - Apr 11th, 2019
Payment acceptance anywhere, in every way! - Mar 06th, 2019
Maximizing the virtual terminal - Jan 23rd, 2019
Offering maximum value in a merchant portal - Oct 10th, 2018
Harnessing the Future of Retail - Jun 05th, 2018
Empowering online sales - Feb 27th, 2018
Influencing the payments ecosystem - Oct 05th, 2017
Fueling merchant growth - Aug 21st, 2017
A ‘customer-first’ focus always wins - Mar 20th, 2017
Breaking down EMV adoption barriers for SMBs - Jan 16th, 2017
Eliminating EMV pain for restaurants - Jul 27th, 2016
More strength under one roof - May 17th, 2016
Online merchant enrollment made easy! - Nov 11th, 2015
Take steps to advance merchant growth - Sep 12th, 2015
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Something fantastic for merchants! - Jun 23rd, 2015
Carving a smart path to the future - Apr 07th, 2015
When the ETA talks, people listen! - Mar 04th, 2015
The endgame in selling merchant services - Feb 04th, 2015
Sales-driven technology for agents, merchants - Dec 03rd, 2014