- Merchants and agents alike are capable of calling in and speaking to a live person. No long hold times or voicemails.
- We represent over 10 different banks and processors worldwide. Ensuring that agents are able to place the majority of the accounts they sell. Don’t miss placing a high risk merchant because your current solution only uses one bank.
- Our attrition rate is under 3% annually without contract termination fees! The industry average is over 20%. Merchants stay with us because of our pricing and support.
- We process hundreds of millions of transactions annually.
- Best of all, our agreement is non-exclusive! Work with as many different processors/banks as you would like. We guarantee we will earn the majority if not all of your business.
- Call today and let us show you how we can help increasing your residuals while also exceeding your expectations.
MERCHANT ACCOUNT AGENTS
The “merchant account agent program” is a partnership signed between a merchant account provider and an individual or another company. The merchant account provider will pay a commission to the referring company for every bit of business the agent brings in to the merchant account provider’s company. The merchant account provider can pay you by splitting the residual cash or through an “account buyout program”. “Merchant account agents” who have a well founded and long business relationship with the merchant account provider will be able to create a good amount of revenue by putting in the least amount of effort as an agent. Web Services, Financial Services, Consultants, accountants and several other businesses can benefit greatly from the “merchant account agent program” since most of their customers look out for merchant services.
2 options for merchant account agents:
When a merchant account agent signs a contract with any of the “merchant service providers”, the agreement will have the payout method agreed upon by both the parties. The residual split is the most common way to share revenue between the agent and the merchant company. The residual split method works in this way: the money generated by the processing of credit card transactions is shared between the referrer and the merchant account provider. The percentage can be any thing, but the 50/50 ratio is the one agreed upon by both the parties in most cases. The merchant account provider will also pay a cash bonus to the agent. The agent will get residual payment as long as his referral is processing transactions; hence, the agent will get a lifetime income and also be able to create long term business relationship with the merchant account provider.
“Upfront buyout programs” is the alternative to “residual splitting programs” which is not popular. In this form of programs the referrer gets a lump sum amount for referring people to the merchant account provider. There is no recurring or residual payment each month; hence “upfront buyout programs” is best for companies who want to get lump sum and not worry about that company again.
The company you are referring people reflects your character:
When you refer your client to go with a certain merchant account provider, you should make sure that your client will get good care and is treated well so that your business will get a good reputation, as you go ahead. Usually, agents refer their clients to merchant account providers they partner with. Make sure that the company you are sending your clients to is an honest one else you will have to face the consequences. Look for any complaints from the consumers who have done business with the account provider in the past. Also check the BBB reports and make sure that the provider is honest before you become his business partner. Several new businesses are created every year and even more fail, hence you need to ensure that this company is old enough and has a strong foundation with positive reviews from previous customers.
