Merchant Services Cold Calling Script
Proven merchant services cold calling script for payment processing sales. Includes statement analysis approach, objection handlers, voicemail script, and closing techniques that convert 5-7% of calls to appointments.
1The Opener
"Hi, is this {{firstName}}? Great! This is {{yourName}} with {{yourCompany}}. I help business owners in {{city}} reduce their credit card processing fees - typically saving them 20-40% on their monthly processing costs. Do you have a quick minute?"
[If yes, continue. If busy:]
"I totally understand you're busy. Real quick - are you the person who handles your payment processing decisions? Great. When would be a better time for a 5-minute call to see if I can save you some money?"
[Alternative for Restaurants/Retail:]
"Hi {{firstName}}, this is {{yourName}} with {{yourCompany}}. I noticed your business is on {{streetName}} - I've been working with several other {{businessType}} in the area to lower their credit card processing fees. Got a quick minute?"2Discovery & Pitch
[QUICK DISCOVERY]
"Before I take any more of your time, let me ask you a couple of quick questions..."
"Who do you currently process credit cards with?"
"Do you know roughly what you're paying in processing fees each month?"
"When was the last time you had someone review your statement to make sure you're getting the best rates?"
[VALUE PROPOSITION]
"The reason I'm calling is that most business owners are overpaying for credit card processing without even realizing it. Processors bury fees in complicated statements, and rates creep up over time."
"What we do is provide a free statement analysis. I'll look at exactly what you're paying, compare it to what you should be paying, and show you the difference. If I can save you money, great. If not, at least you'll know you're already in good shape."
[BUILD INTEREST]
"For example, I just worked with a {{similarBusiness}} down the street. They were paying {{currentRate}}% plus hidden fees. We got them down to {{newRate}}% effective rate - that's {{monthlySavings}} a month back in their pocket. That's {{annualSavings}} a year they were just throwing away."
"And we didn't change anything about how they accept payments - same terminal, same process. Just better rates."
[QUALIFICATION]
"To see if this makes sense, can you tell me roughly what you process in card sales each month?"
"Do you mostly see Visa/Mastercard, or a lot of Amex and rewards cards?"
"Are you currently in a contract with your processor?"
[ADDRESS CONTRACTS]
"Even if you're in a contract, it's worth getting an analysis. Most contracts have exit clauses, and sometimes the savings are big enough to offset any cancellation fees. Plus, you'll know exactly what to negotiate when your contract is up."3Objection Handlers
Click an objection to see the response. Practice these until they're automatic.
Your Response
That's great to hear! I'm not asking you to switch right now. But here's the thing - most business owners think they're getting good rates until they see a comparison. I've had dozens of 'happy' customers discover they were overpaying by 30-40%. Wouldn't it be worth 5 minutes to make sure you're not one of them? The analysis is completely free.
4Closing Options
"Here's what I'd like to do - can you text or email me a copy of your most recent processing statement? I'll analyze it and call you back within 24 hours with exactly how much I can save you. What's the best email to send it to?"
"I can tell you're a savvy business owner. Let's set up 15 minutes for me to swing by, grab your statement, and show you exactly what you're paying versus what you should be paying. What day works better - {{day1}} or {{day2}}?"
"Let me make this easy - I'll email you a secure link to upload your statement. No obligation. If I can save you money, I'll show you exactly how. If not, you'll know you're already in great shape. What email should I use?"
"Look, I know you're busy. Send me last month's statement and I'll have a full analysis back to you by {{timeframe}}. If the savings are significant, we'll talk. If not, at least you'll have peace of mind. Fair enough?"
Voicemail Script
"Hi {{firstName}}, this is {{yourName}} with {{yourCompany}}. I help business owners in {{city}} reduce their credit card processing fees - most of my clients save 20-40% on their monthly costs.
I'd love to do a free statement analysis to see if I can save you money too. My number is {{yourPhone}}. Again, that's {{yourName}} at {{yourPhone}}. I'll also shoot you a quick email. Talk soon!"Variables to Customize
firstNameBusiness owner's first nameyourNameYour nameyourCompanyYour company namecityCity where the business is locatedstreetNameStreet where the business is locatedbusinessTypeType of business (restaurants, retailers, etc.)similarBusinessSimilar business for social proofcurrentRateExample of current high ratenewRateExample of new lower ratemonthlySavingsMonthly savings exampleannualSavingsAnnual savings exampletypicalRateTypical rate range you offerday1First proposed meeting dayday2Second proposed meeting daytimeframeTimeline for analysis deliveryyourPhoneYour phone numberPerfect For
- Merchant services sales representatives
- Payment processing ISOs and agents
- POS system sales reps
- Business banking relationship managers
- Fintech payment solution providers
- Credit card processing resellers
Not Ideal For
- Reps targeting enterprise/national accounts
- Those without interchange-plus pricing capability
- Agents who can't match or beat current rates
- Reps without local territory presence
- Those targeting very low-volume businesses
Pro Tips
Drive around your territory and note busy restaurants and retail stores
Call right after lunch or before dinner for restaurants (slower periods)
Always get the statement - never quote rates without seeing actual fees
Focus on effective rate, not qualified rate - it's the true cost
Point out PCI compliance fees and statement fees they may not notice
Offer to beat any competitor's offer if they're shopping around
Build relationships with POS vendors for referrals
Follow up in person - drop by with the analysis rather than just calling
Common Mistakes
Quoting rates before seeing their current statement
Focusing only on the rate instead of total cost of processing
Not asking about contract terms and cancellation fees
Ignoring hidden fees that add up quickly
Calling during peak business hours (lunch, dinner rush)
Overselling when savings are minimal - honesty builds trust
Not having local examples of businesses you've helped
Failing to explain interchange-plus pricing clearly
Practice Exercises
Study a merchant statement and identify all fee categories
Calculate effective rates from 10 different sample statements
Role-play the 'I'm locked in a contract' objection
Create a comparison showing typical vs. optimized pricing
Practice explaining interchange-plus pricing in simple terms
Walk your territory and identify 20 high-volume prospects
Tone & Delivery
Be direct and casual - small business owners are busy and appreciate straight talk. Lead with specific savings numbers, not vague promises. Project confidence but not arrogance. Be local and relatable - mention nearby businesses, streets, and neighborhoods. When they object, agree with their concern and then offer the solution. Never be pushy - let the savings do the selling.
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