Are you an experienced business development professional seeking a unique opportunity with uncapped earning potential? LenderPay is offering a remote contractor role with guaranteed lifetime residual income from debit card and ACH loan payments processed by financial institutions across the U.S. Even after you retire or leave, your income continues.
Why This Opportunity Stands Out:
- Lifetime Residual Commission Income: Earn a percentage of all debit card and ACH processing fees for the financial institutions you bring on board. Your residuals continue even if you quit or retire.
- Proven Earning Potential: Some of our top contractors earn over $7,500 in monthly residuals —and that income is theirs forever.
- Largest Card Processing Vertical: Debt repayment is the largest segment in the U.S. with over $14T in mortgages and auto loans alone; giving you a massive pool of potential revenue.
What You’ll Do:
- Develop Relationships with Financial Institutions: Help banks, credit unions, and mortgage lenders streamline their payment processing with LenderPay’s industry-leading technology.
- Capitalize on Our Extensive Network: Work with thousands of established public and private financial institutions across the country.
- Leverage Our Proven Tools: You’ll receive training, access to thousands of verified leads, a high-converting sales script, and your own HubSpot account for outreach. Whether you're a Farmer or a Hunter, we’ll help you build your book of business.
What We Provide:
- Thousands of Verified Leads: Access a robust pipeline of pre-qualified financial institutions.
- HubSpot CRM: Manage your leads and communications through our leading-edge CRM.
- Standard eSign Contracts: Seamless contract enrollment via DocuSign with industry-leading pricing.
- Modern Payment Processing Platform: LenderPay integrates Pay-by-Text and other convenient features to maximize adoption and volume.
Why LenderPay?
LenderPay is transforming how financial institutions process payments with innovative solutions like Pay-by-Text, zero-cost merchant acceptance, and non-interest fee income. All transactions are authenticated and settled through a trusted NYSE-traded company, giving you confidence in the platform you’ll be representing.
What We’re Looking For:
- Experience: 5+ years of experience in business development, sales, or payment processing, ideally within the financial sector.
- Track Record: Demonstrated success in exceeding sales or revenue targets.
- Skills: Excellent communication, negotiation, and relationship-building abilities.
- Independent and Self-Motivated: This is a remote, 1099 contractor role, so you must be able to work autonomously while collaborating with our team.
Commission Compensation Structure:
9 times out of 10 there are zero fees paid by the lender. Most lenders will choose our non-billing option where they never receive an invoice for payment processing. This means they have their cake and eat it too by accepting America’s #1 preferred payment options for free (https://m.bankingexchange.com/news-feed/item/9996-debit-cards-remain-most-popular-payment-method). Similar to services like payusatax.com.
- Debit Card Fees: $5.95 to $9.95 - 100% borrower-paid (starting 0.85% + $0.25 if absorbed by lender)
- ACH Fees: $1.95 to $3.95 - 100% borrower-paid ($0.25+ if absorbed by lender)
- Typical Transaction Metrics: Average ticket size is only $600 with debit card pass-through costs capped at $2.00-$2.95 + 13 basis points (ACH in the single-digit pennies)
If these figures resonate with you, you're the right fit for this opportunity. We want to talk with you!
Learn More and Apply:
- Interested in lifetime earnings and flexible work? Watch our 45-second explainer video here.
- See one of California’s largest credit unions leverage LenderPay (click the yellow EASY PAY button here: sdccu.com/about/contact-us/loan-payments).
