Independent Contractor
An Independent Contactor (IC) is a leasing professional that enters into a contract with TimePayment to generate volume from specific, large volume, micro-ticket dealers (not brokers).
Your Relationship with TimePayment
As an IC, your relationship with TimePayment is in many ways similar to that of a Business Development Manager (BDM) at TimePayment:
- You sell with the TimePayment name
- You are provided with most of TimePayment’s products and services
- You submit vendor applications for approval directly to TimePayment
- Your dealers are supported in the same manner as TimePayment BDM dealers with:
- Access to TimePayment Direct
- Training on TimePayment Direct, our lease process, and documentation
- Access to Credit employees for transaction-related questions
Unlike a BDM, however, and more like a Broker, you can add capped commissions to the lease factors provided by TimePayment.
How You Benefit
As an Independent Contractor with TimePayment you will:
- Avoid the processing costs of a traditional broker as your vendor’s activity flows directly to TimePayment
- Leverage the strength of TimePayment by not selling as a local small lease broker
- Remain independent so you can support your non micro-ticket transactions as a traditional broker