ISO agent program program advices and merchant services business opportunities 2023: If North American Bancard retains $500 in residuals in that month on a PayAnywhere account, the peak bonus would be 14 x $500 or $7,000 IN ADDITION to the monthly residuals. You would have already been paid $500 Approval Bonus, so NAB would pay you an additional $6,500 on that account. This bonus is capped at a max of $10,000 per merchant per location. Remember, with our Cash Discount Program called “EDGE” “Dual Pricing” (see item 11 below) it is easier than ever to earn huge bonuses with a 12x – 14x profitability bonus. Read more details on Digital payments agent.
To analyze volumes of customer data, merchants are required to take the painstaking process of securing, storing and minimizing erroneous risks into consideration – all of which are viewed as arduous for businesses of all sizes. Today, technology has revolutionized this process by providing online payment systems capacious to deal with volumes of customer data and details. These systems are equipped with key functionalities for data storage, security and maintaining regulatory compliances when the need arises.
Fast Start Bonus: North American Bancard monitors your first 4 month as an agent and gives you a production bonus based on how many accounts you write. To obtain the max bonus you must put in 100 accounts. Free POS Equipment: North American Bancard offers an entire line up of free POS products. In fact it is the largest options of free equipment in the industry. Activation Bonus: North American Bancard pays an activation bonus of $500. Once you sign a merchant up on the EPX platform you will receive an upfront bonus of $500.
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.
You can maximize your value by choosing a full-service provider who can offer you expertise and match you with the solutions that are right for your business. Jeff Vandeventer, a VP merchant sales manager at Umpqua Bank, explains, “An experienced sales consultant should be able to suggest products and services that can save time, lower unnecessary processing costs, increase security, or improve customer loyalty.” No matter what type of business you own, a full-service provider of merchant services can help you choose the perfect payment tools for today’s challenges-and tomorrow’s opportunities.
Make sure you ask about all other fees upfront as well: Fixed transaction fees – are they charged for declined transactions as well, are there any contract cancellation fees, minimum monthly invoice, how much is the setup fee and if it has to be paid upfront, is there any additional annual and monthly fee, how much will you be charged for every statement and bank wire, and very importantly what are the chargeback, retreival and refund fees. You may know that you will get your funds but you also need to know when exactly. Every credit card processing provider and acquiring bank will have different remittance turnaround times. It mainly depends on your risk category and the type of merchant account setup – for example, a direct MID setup where acquirer is paying you directly means less time because there’s no need for funds to reach the Processor company first and then be forwarded to your bank account.
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. Read even more details at https://sites.google.com/view/merchant-services-iso-agent/home.
What is Zero-Fee or Cash Discounting Solution? Also known as the cash discounting program, the zero-fee solution works wonders for both agents and merchants. With this method, you will offset any fee paid by the merchants on to their customers. Since the fee is usually in cents, each individual customer won’t mind paying it as they are using the credit card facility. However, if the merchant pays this fee on every transaction, then it can accumulate up to hundreds of dollars on a monthly basis.