Merchant services reseller program and merchant services business opportunities? This advantage of the zero-fee solution is not just limited to the merchants, as an agent, you can increase the fee charged on each transaction and increase your profit. Since the merchant is not paying it from his pocket, there shouldn’t be any problem in paying it. Let’s take an example of how it will work. As you probably know, when you become a merchant services agent, you split the profit that the company receives after processing a transaction. Now the industry average of this ‘split’ between you and the company is around 50%. So if the company charges a 2% fee on each transaction, then let’s suppose on a transaction of $5, it gets $0.1. Now minus the interchange fee of $0.03, it becomes $0.07. The 50% split will be $0.035.
What Are the Benefits of Joining the North American Bancard Agent Program? Lifetime Residual Income: When you become a merchant services agent of NAB, you will be getting up to 70% of the residual income depending on the structure you go with. And on top of all, you will be earning from the merchants you sign up for as long as they are doing business or working with NAB. This is HUGE because after reaching a certain number of merchants, you will be least bothered by paying monthly bills and will be able to focus on scaling your business. Plus, the merchants you bring will be yours even if you make low sales in any month; there are no minimum sales requirements.
One thing that you should be aware of when filling out the application to become an ISO is that it is a very lengthy and very expensive process. Your financials will need to be investigated and you will likely need to hire a legal team to guide you through the paperwork and process. Be prepared for this. If you are approved for your ISO application, then the next step in your journey as an ISO is to remain compliant with all applicable regulations and rules so that you can stay a certified ISO with the right to work with North American Bancard. This industry is quite strict, so taking actions to ensure you remain compliant throughout your time as an ISO is essential. This means that you should keep a legal team on standby to help you with any issues that might arise. See more info at Merchant Services Agent Program.
With new digital marketing strategies, you could try the old marketing ways like mail marketing or door to door marketing. But it is recommended that you hire the telemarketer that helps you to get leads. Your telemarketer can also get the email addresses of the potential clients so that you can send them an email to steadily get them interested. Of course, you need to spend money on qualified leads at first, but once you try all these ways for a few months, you will have your own credit card processing lead generation in the coming months.
To provide value both to our agents and our merchants, we have the most comprehensive and complete suite of point of sale options of any of the competition. With our wide array of point of sale options, no merchants will be limited by lack of selection. We believe in providing everything that our merchants might need to process their payments and a wide selection to accommodate any special requirement. This also benefits our agents by being able to provide their merchants with a robust set of options. Making residuals on processing payments is great, but there’s another way that agents can increase their revenue while also building the bond between merchants and agents. That is with our point of sale options. A point of sale system is something that every business needs. A point of sale solution that meets the needs of a merchant is crucial and can even help to increase revenue and therefore, residuals for the agent. See even more info on this website.