Digital payments agent program guides and merchant services careers right now: Revenue Share Partnership Program for ISO Merchant Partners: You will share income on every available revenue stream for the life of your accounts. In the first year with NAB, you will see that we pay you more on each account than anyone else in the industry, and we pay you sooner. Add the residuals and the bonuses together and you will see that we are paying you 100% -116.7% of the revenue your accounts generate in residuals in the first calendar year and then we continue to split profit with you for the life of the account. If you earn the Fast Start Bonus (see point 5), it is even better than that. Discover more information on how to become a digital payments agent.
Technology helps with lower transaction costs by providing alternative payment processing methods such as routing avenues – which are tailored to meet up with the demands of the merchants’ and customers’ location. With this, retailers are equipped with the ability to route their payments between global financial institutions based in the locations of their customers to reduce cross-border transactions and currency conversion fees. This helps merchants engage better customer experiences which subsequently results in higher profit maximization.
Since 1992 North American Bancard has grown by leaps and bounds. North American Bancard has obtained this success because of its relationships with sales agents, ISOs and reseller partners. Through the years North American Bancard has laid out a simple blueprint to sales success backed by unmatched sales tools and support. Agents that come from other processors will tell you about NAB’s unmatched agent program.
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.
A restaurant deals with a high volume of sales on a daily basis, with most customers paying with debit and credit cares. They will also have a large staff that receives tips. Since cash flow is a necessity, restaurants need quick and easy access to card transaction deposits. On the other hand, healthcare-oriented businesses like dentists, physicians, and veterinarians tend to process a lower volume of transactions, though each sale will be larger on average. In addition to a POS system for in-house credit and debit card transactions, medical offices usually need to process online payments, personal checks, and mobile wallet transactions.
Some providers will not allow/support to integrate with the method where you can use own payment page and the clients stay on your website. They may allow only the use of their hosted payment page, meaning your clients are redirected from your website to their secure payment form and then back to your »Thank You« page. If you don’t prefer that, we strongly advise that you ask your provider if Direct API integration is supported, before you invest your time and money into the application process. Choosing the best merchant account provider: Like anything else, you’ll need to do a lot of research before you choose your new merchant account home. You don’t want to choose the first provider and not the cheapest either. Doing your due dilligence and asking all above questions will save you from trouble afterwards and make sure the solution will fit with your business.
The North American Merchant Services Agent Program offers the features you’d find with any large merchant’s services provider. They offer both eCommerce and retail programs, but their bread and butter is the retail program. North American Bancard provides free equipment with both chip and NFC-payment options. The ‘free’ component of the program, however, usually comes with strings, as it would anywhere else. Pay close attention to your contract to see what it means, such as free as long as you keep your services with North American or free as long as you sign a terminal lease. See extra details on https://sites.google.com/view/merchant-services-iso-agent/home.
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.