Top NorthAmerican Bancard agent program and merchant services careers today: Peak Bonus: 12 x-14x Monthly Profitability: This is where the big money is! We will pay you your activation / approval bonus upfront. However, we will then look at the profitability of your account after one full calendar month of processing and pay you 14 times NAB’s monthly profitability on all PayAnywhere accounts and 12 x on all other EPX deals. Note: Keep in mind, when boarding accounts on our Edge / Dual Pricing program (Sometimes referred to as Cash Discounting) it is common to see residuals of $400-$500+ a month on a $50,000/month deal. Read more information at Digital payments agent.
It is not easy to read a customer’s mind or the unique needs of one’s customers, however, it is important to anticipate their requirements. In targeting cross-border customers, it is important to understand that some may not be familiar with the online payment system integrated on the shopping sites they venture. To them, shopping on foreign sites can be arduous especially when it does not tally with their local payment methods. As a result, many customers abandon their shopping carts when the payment methods they prefer to use are notably absent on the website.
For anyone with a background in sales or a passion for the merchant services business North American Bancard is the ideal agent program. North American Bancard Agent Program has rolled out the most competitive agent program ever offered to agents in the credit card processing business. Now sales agent receive a $500 upfront bonus right away. This bonus is followed by a true up bonus which is paid 90 days later (See below for more details). The true up bonus pays up to $5000. On top of huge upfront commissions you will receive residual income for the life of each account. With all these incentives you are also able to offer free POS equipment to the merchant.
With the power wielded by technology, merchants now have the ability to track down decline rates data for instance, which leads them to fashioning newer rules for better card acceptance rates and lower transaction costs. Online payment systems even offer various additional features, such as enabling users to customize items on their store, to provide a better shopping experience to their customers.
Merchant service providers are also known as payment services providers (PSPs) and payment processors. Firms who provide this service in the ecommerce world are known as payment gateway providers, since the “payment gateway” refers to the online equivalent of the point-of-sale system. Not every payment processing option offers the same value, and your business will have individualized needs. With all of the options available, many businesses are attracted to so-called “payment aggregators” which don’t usually offer a complete suite of merchant services. For example, platforms like these usually don’t offer businesses their own merchant account, nor do they have the service capabilities to offer a truly individualized solution that can grow along with your business.
Typical payout terms you can expect are either daily or weekly, with 1-7 day delay time for each. In many cases a daily payout with very short delay will be granted only if you are assessed as low-risk, or most usually after you spend processing with the provider for couple of months and have enough volume to support that. Contract Terms and Periods: Don’t be surprised when you’ll see that every provider wants to impose a Rolling Reserve to your account. This is a standard measure to lower the risk exposure of provider in case of excessive chargebacks or refunds. Typical Rolling Reserve is between 3-10% for the period of 90 or 180 days. As with payout terms, keep in mind this can be negotiated, especially after your company spends couple of months processing payments with the provider.
North American Bancard offers quick residuals and commissions payment. You’ll receive payment by the 15th of the next month after onboarding new clients on the EPX platform. There’s also talk about them making the payment turnaround time even faster. Cash Discounting Program Give your clients the gift of our cash discounting program, EDGE, and they’ll earn the same profits on cash and non-cash payments. This increases your profitability as well as you earn more residual and bonuses. Find more details at https://sites.google.com/view/merchant-services-iso-agent/home.
Now we learned one way to become a merchant services agent where you can make virtually double of what traditional credit card processing program sellers make. There is another way to further increase your income, and that is by selling or leasing POS terminals. Since the merchants will be eager to work with you because of the cash discount program, they won’t mind buying or renting your company’s POS terminal as well. Paying a few hundred bucks to save credit card processing fees for a lifetime is not a bad deal. However, if any merchant doesn’t want to pay for the machine upfront, you can always lease it to him. You can charge $20-$25 bucks a month, and either share it with the processor or buy the machine and keep the rent to yourself. Now depending on how many machines you can sell or lease, you can get an additional bonus stream of income without putting in much work.