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Clarus Merchant Services, CardMachineOutlet.com form strategic partnership

Monday, January 27, 2020 — 21:08:50 (EST)

Gaithersburg & Dallas – [1/27/20] Clarus Merchant Services and CardMachineOutlet.com are pleased to announce they have entered into a strategic partnership; combining Clarus’ industry-leading agent sales programs and ISO/agent portfolio acquisitions with CardMachineOutlet.com’s world-class hardware distribution model that drives merchant services sales.

The merchant services industry is evolving through technology and large-scale processor mergers. Clarus Merchant Services and CardMachineOutlet.com recognize the need to embrace the developmental changes necessary to sustain exponential business growth. The partnership brings together a depth of skills in credit card portfolio acquisitions, diverse sales channels, and technology deployment.

“This partnership is a powerful combination. CardMachineOutlet.com’s network of ISO, Agent, and Processor hardware deployment contracts, their remarkable sales and support team, and collaborative approach is uniquely complementary to how the Clarus organization works. We believe this helps to generate cross-network relationships for merchant-base growth and credit card portfolio acquisitions.” said Michael Jaffe, Clarus VP of Business Development. “Clarus has thrived over the past 15 years through strategic vertical marketing and portfolio acquisitions. The synergies between CardMachineOutlet.com and Clarus, along with our healthy balance sheet, positions us as leaders in the lower to mid-tier acquisition market and will help streamline our scalability,” added Eric Pottebaum, Clarus President.

15F3BF98-6AB8-410A-BE07-12C33B4DE7D0_1_105_c.jpeg Pictured: Michael Jaffe, Sherif Mohamed, & Eric Pottebaum

“Partnering with Clarus Merchant Services allows us to start a growth plan that has been in the works for several years. By expanding our marketing efforts and product offerings to both organizations’ customer base allows us to cement a program and portfolio strategy that will attract more talented ISOs and Agents,” said Sherif Mohamed, CardMachineOutlet.com CEO. “With the payment processing industry experiencing large bank driven mergers at record levels over the past 10 years it has eroded the focus on ISO and agent support. Together, we plan to expand our collective focus on our internal and external customers while building a scalable, yet sustainable, customer-centric sales model.”

About Clarus Merchant Services

Clarus Merchant Services, founded in 1999, is a payment services provider out of Gaithersburg, MD with offices in Maryland, North Carolina, Iowa, Arizona, and Montana. CLARUS is active in credit card portfolio acquisition, dedicated to providing multi-platform solutions, value-added servicing, and in-depth management reporting. Clarus processes over $8 billion per year and boasts one of the industry’s highest client retention rates.

About CardMachineOutlet.com

CardMachineOutlet.com is the leading provider of payment equipment and solutions to customers nationwide. Through both a direct merchant and ISO/Agent channel, CardMachineOutlet.com offers a wide range of services including merchant processing, working capital financing, and an agent sales program. Headquartered in Richardson, Texas and serving customers since 2013.

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Source: Company press release.