NorthAmerican Bancard agent program advices and merchant services business opportunities in the US: Portfolio Dashboard: For easy residual audits and 100% transparency. How sure are you that your current processor is paying you everything you are owed? With our ISO merchant account dashboard you can audit your residuals all the way down to the transaction level! You can see what your merchant paid for a specific transaction, what the expense was and how much you were paid. You can pull the merchant’s statement and compare. With 100% transparency, you can spot check whenever you want so you can be confident in building a portfolio with us. See more info at Digital payments agent.
As a result, the place of digital transactions in businesses is now highly rated as the advent of online payment methods have been noted to breed better customer-merchants relationships and ultimately, better customer experiences. This is why – as a business owner aimed at staying ahead in the competitive business world – it is important to interact with the power wielded by innovative technologies.
With the true up bonus you will get up to $5000 for each merchant account based on the monthly profit. Here is a basic example: if the profit for NAB on an account is an average of $100 you would earn a total amount of $1400 (Average over 3 months of processing). Since North American Bancard already paid an upfront activation bonus of $500 you would be paid an additional $900. Keep in mind this is paid out after 90 days. Also if you’re selling merchant accounts that are not profitable NAB will retract the upfront bonus.
Every merchant can agree that customer experience is a key factor in the expansion of any business. However, one of the identifiable points in brand abandonment by customers that employ online payments methods is the risk of frauds and other forms of breaches. With technological advancements at their peak, it is getting increasingly difficult to keep out unwanted hands from businesses. One of the advantages of electronic payment system enabled by innovative technologies such as Blockchain technology is the ability to track customer’s behavior and flag anomalies through transparency and data tracking.
Merchant services go beyond payment processing. Payment processing is the backbone of merchant services, encompassing the entire process of transferring payment from buyer to seller. This includes the payment device (the POS system), the payment software, the security software that protects the transaction data the payment record, and the transaction itself. Merchant services go beyond just debit and credit card transactions.
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.
NAB offers a few options for the back-end processor. Originally, they worked with First Data and Global Payments, which they still do. But now, they also offer their own platform called EPX. If you use EPX, you may save money on interchange fees as NAB is in charge of what they charge you, meaning more money in your pocket. No one likes cancellation fees, and it often deters them away from a program. The North American Bancard Agent Program doesn’t charge cancellation fees, which means merchants can cancel at any time. This gives merchants more incentive to sign up, knowing if they are unhappy, they can cancel without penalty. Plus North American Bancard will pay the cancellation fee to cancel a current merchant contract. Now you can easily overcome the old “Im in a contact” objection. See even 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.