Once ARS's questions are answered I'd like to know
What is your rate table for vendor payment? What are the numbers of adds you allow per bank per month? What is the amount of time you keep AU's on cards? How many clients do you have in relation to vendors? Are you filling all vendor card slots on a current monthly basis? How are you attracting new clients to deal with the influx you will get from this post you just made, assuming you answer these questions effectively?
Credit Partner Commission Schedule
Credit Limit Card Age Card Age Card Age
12-24 months 2 years - 7 years 8 Years+
$1,000 - $4,999 $40 $60 $80
$5,000-$9,999 $50 $75 $100
$10,000-$14,999 $75 $125 $150
$15,000-$19,999 $125 $150 $175
$20,000-$29,999 $175 $200 $225
$30,000-$39,000 $200 $250 $275
40,000 or More $250 $300 $325
We do have a recommended number of AU's per bank, but we also allow our partners to be more conservative or aggressive if they prefer. These recommendations are also continually changing. For instance, we recently changed both Discover and Bank Of America from 5 to 2. We provide our recommendations during credit partner onboarding phase and ask for the new partner to confirm how many AU spots they want us to sell. Off the top of my head we are doing 2 on Chase, Discover, Wells, and BofA. 3 on Capital One. 5 on Citi, Barclays, and Amex.
We keep AU's on cards for 2 posting cycles by default, but if you prefer longer we allow that as well, just let us know.
A lot more :) It depends how you define a customer, but we have a massive base in place already. We are also positioning ourselves as a wholesale provider so that we get a lot of business from credit repair companies and brokers who bring us repeat business. The first question on our checkout page is "Are you a broker?".
We are selling 70%-80% of all our inventory every month, but we can easily scale up our marketing and continue to launch more marketing campaigns to capture more business. (Also see the above answer.)
As we have always been transparent about, we are a relatively new company and we will definitely experience growing pains but we adapt well, have an extremely talented team, and we are building this business to last. Our systems and automation will prove to be a big help during our growth phase as well.