Merchant Accounts for Non Profit Organizations

Once a non-profit organization has made the decision to accept credit cards, they usually have two choices in order to set up processing options. Firstly, they could set up a payment processing scheme through a traditional merchant account provider. They would then have to use a third-party to manage their tax filing and online advertising. This is usually the simplest and cheapest option after the initial installation. It allows non-profit organizations to only pay for the necessary features it requires.

The other option in this case is to use a processing solution that does it all. This may include payment processing, tax filling, billing etc. Although this option may result in higher rates it does save you time. The reason being that most of these kinds of providers use a preferred credit card processor. Therefore users cannot search for better rates if they are not completely satisfied by the contract.

Due to their donation type model, non-profit organizations have a genuine position in the payment processing industry. The average business usually requires standard features such as sales management, point of sale solutions etc. whereas non-profits aim to focus on recurring billing and donor outreach. Therefore some payment processors that cater for other establishments might not offer provide the necessary services for a non-profit to expand its donor base. Shaw Merchant Group is made up of dedicated professionals who are experts in setting up merchant accounts.

All types of establishments and enterprises in various shapes and sizes need to be able to create merchant accounts. This will allow the business to take on credit card payments for these merchant accounts. Basically when the money is paid to the business and the commission will be deducted for the company that set up the account. Once the payment is verified it can be sent to the respective accounts. Businesses looking for a merchant account to process their payment must also understand that the bank will consider it to be a line of credit. Credit cards are designed in such a way that the customer agrees to pay for goods and services that will be paid for on a future date. Your business will undergo a credit check to provide information that will ensure your banker on certain issues. As for larger enterprises, you may be able to sidestep this necessity by submitting more financial data to support the viability of your business.

All You Must Know About High Risk Credit Card Processing | Pros and Cons

There are many facts you need to know about high risk creditcard processing. Getting a high risk merchant account from a bank which offers high risk merchant services is your first step. It is the first move towards accepting credit card payments online. Low risk and high risk are the two types of merchant accounts. A high risk payment processor becomes necessary once you or the business you are processing an account for is thought to be risky. Many merchant account service providers still prefer high risk credit card processing despite the risk. This is because it has many advantages despite also having some disadvantages.

Pros of High Risk Credit Card Processing

Even though most people consider the high risk to be a negative, it still offers some or all of the following positive value;

*Chargeback not intimidating: In comparison to high risk credit card processing, normal merchant accounts get appraised to have lesser chargeback. But the long term consequences of low risk chargeback could make this a great disadvantage. Extreme chargeback hardly makes you close a high risk merchant account. Although your fines might be greater, no danger is posed to your assured long term business operations.

      *Universal extension: Due to the probability of expansion which high risk payment processors offer, most merchants who are looking to extend into universal ecommerce would demand for their services. These processors can sell to clients from all countries around the world, accept different types of currencies and process transactions even when credit cards are absent. 

      

      *Unlimited earning probability: High risk credit card processing can offer limitless earnings. This is because it can be used to accept card transactions that are beyond a given amount, earn higher than anticipated monthly revenue and offer repeated payments.

Cons of High Risk Credit Card Processing

For those who take the high risk as a negative, the following are some or all of the negative values they present;

*High chargeback charges: The rate of chargeback fees for high risk credit card processing is always higher. For every specific case the merchant has to answer, every high risk payment processor charges greater fees.

*Extreme Charges: As all processors believe that chargeback cannot be avoided, they always impose fees that are extreme and excessive. These extreme and disproportionate charges are very likely to drive the merchant out of business completely.

*Contingency funds against theft and fraud: High risk payment processors always stipulate that you have a reserves account. This is normally a savings account which does not pay any interests. It is used by the obtaining bank for emergency circumstances. This is so the bank can ensure that assets are protected against possible theft or fraud. This can bring challenges to high risk merchants as they must always keep a rolling reserve with the bank. They have no access to the reserve for up to around 180 days most times.

These are the positive and negative values you are likely to encounter. They are among the high risk credit card processing features that could make your business a high risk.

Selling Credit Card Processing and Merchant Services | Overview

Selling credit card processing can be lucrative, but it also comes with some potential pitfalls. Going into it you need to be aware of them before considering taking on this as your next career. As for why you might want to get into selling merchant services that is the obvious part. All companies, great and small, need to be able to process credit card payments and other forms of payments quickly and easily. In today’s market, few people pay with dollars and cents anymore. Instead, there are a whole host of electronic monies that are increasingly used and are being diversified. Further, businesses, even those with their own accounting departments, tend to not handle transactions. Instead, those are left to separate companies equipped to handle the thousands of deals that can occur on a daily basis in some areas. Because they do not handle such things, those outlets that do rightly take a percentage of each sale, and that is where you come in as a perspective vendor of credit card processing and merchant services. All you need to be able to get started in this career is a phone, car, gas money, and the desire to make connections with a variety of different business owners.

One of the more daunting aspects of this career, however, is the number of times you will face rejection. Selling credit card processing and merchant services is not to different from being a door-to-door salesperson. Not everyone is going to have time for you, no matter how much you might be able to benefit his or her company. People have a company to run, and particularly for the smaller ones, they might have a hand in the day-to-day operations. Therefore when you come strolling into there place of business with your pitch all ready, they will not give you the time of day. This is understandable. At the same time, there are those at there who are simply predisposed towards not liking salespeople. You could be the friendliest person in the world, but some will view you as pushy or a nuisance solely based on your chosen profession. However, if you can stick to it and not let a few no’s get you down, you might be able to crack even the most stubborn potential client, not to mention those who might be more accepting of what you have to say.

Having said all this, one of the benefits of doing this for a living are the connections you get to develop with people. The key part of this has to do with merchant services. First and foremost you are selling them on credit card and other electronic payment processing. However, the relationship does not end there when you have made your sale and walk out the door. Because they are dealing with digital transactions in a digital age, unless they are certified computer whizzes themselves (not that you need to be one either), they will likely need assistance from time-to-time. This includes maintaining their machinery, verify successful transactions, or even swapping out equipment. Though your clients will sign contracts guaranteeing their patronage for a certain period of time, at the end they will be free to take their business elsewhere. They will do so unless you find a way of keeping them happy. If you are able to keep them satisfied with the services you provide, they will likely remain loyal customers for the foreseeable future.

There are a few added fringe benefits of keeping satisfied those you sell credit card processing to, and this pertains to networking. The majority of companies out there fit within the category of small businesses. As such, many of them network with each other in a variety of ways, either through chambers of commerce, being next door to one another in a shopping area, or simply by word of mouth. Further, many of these owners could run a number of other businesses of similar size. If they feel you are doing a good job for them in one place, then it should inspire the confidence to extend your services to all their endeavors. This means continued growth for your own business with far less initial work to be done on your part.

Putting forth that initial effort, therefore, can make all the difference. It will allow you to have your finger in many different pots, drawing residuals off of sales from many different pots. Having multiple sources of money coming in through your accounts can only be a good thing. As long as you stick with the business maintain good relations with your clients, and the company you sell credit card processing and merchant services to stays open, you will continue to draw percentages off of their transactions. In other words, this is like a long-term investment that has the potential to grow exponentially. That is not a bad deal from a job that, like any other place you might work, you are expected to put in a regular forty hour work week. And you are able to set your schedule to best suit your needs. Since many of the people you will be catering to like to have weekends off as well as you, then the chances are good that you will be able to take your come Friday afternoon.

Selling credit card processing and merchant services is designed for the kind of person who has a can-do spirit. They also need the discipline to be able to get up in the morning and go out and convince a potentially hostile client base to sign up for your services. This is no mean feat. However, if you feel like you are able to do these things, the potential rewards are great. As time goes on, your business will become like a well-oiled machine that you will only need to inject a few more sales into here and there once in a while. And it is one that will always be in demand so long as the market place continues to evolve.

Offshore Merchant Services

Many реорlе аrе іntеrеѕtеd іn ways tо rеduсе their current tax lіаbіlіtу with the сurrеnt buѕіnеѕѕ they have. Thеу mау bе соnсеrnеd аbоut ways tо mоvе ѕоmе оf thеіr assets оffѕhоrе wіthоut рublіс nоtіfісаtіоn. Sоmе реорlе are interested іn setting up a nеw business, uѕuаllу on the Intеrnеt, аnd thеу need a way to ассерt сrеdіt оrdеrѕ. Nо matter whаt уоur rеԛuіrеmеnt, аn Offѕhоrе Mеrсhаnt Account mау bе whаt уоu nееd.

A merchant ассоunt іѕ a fасіlіtу that allows you tо accept сrеdіt саrd оrdеrѕ from уоur сuѕtоmеrѕ оnlіnе оr offline. Sо whаt іѕ thе mаіn аdvаntаgе оf аn оffѕhоrе mеrсhаnt account vѕ а lосаl оnе?

Onе thіng that іѕ certainly truе аbоut the glоbаl сrеdіt саrd buѕіnеѕѕ, іѕ that іt hаѕ become very соmреtіtіvе. Aѕ a соnѕumеr, уоu wіll knоw that іntеrеѕt rаtеѕ сhаrgеd on сrеdіt card balances have come down. Yеt, thеrе are ѕtіll рrоblеmѕ fоr the соmmоn ѕmаll buѕіnеѕѕmаn wanting tо ѕеt uр hіѕ оr hеr оwn merchant ассоunt.

One mаjоr рrоblеm іѕ thе merchant аррlісаtіоn rеԛuіrеmеntѕ, аnd the initial dероѕіt requirements. Some bаnkѕ or credit card рrосеѕѕоrѕ will not еvеn ассерt уоur аррlісаtіоn unlеѕѕ уоur buѕіnеѕѕ has bееn ореrаtіng fоr twо уеаrѕ or more. Othеrѕ want a ѕесurіtу dероѕіt . Sоmе others even wаnt tо "hold back" уоur monthly card payments аѕ an аddіtіоnаl "ѕесurіtу dероѕіt" fоr роѕѕіblе "сhаrgе bасkѕ".

Mаnу реорlе wоuld agree thаt technology аnd modern tеlесоmmunісаtіоnѕ hаѕ provided аt lеаѕt some bеnеfіt. Wе now hаvе fax mасhіnеѕ, e-mail, аnd оf course the Intеrnеt. What mаnу реорlе do nоt thіnk аbоut hоwеvеr, іѕ thе fасt thаt thе wоrld hаѕ become a muсh ѕmаllеr place. Whаt thіѕ mеаnѕ fоr thе buѕіnеѕѕ оwnеr іѕ, you nо longer аrе "lосkеd іn" tо dоіng business with just thе bаnk оr соmраnу in уоur tоwn or ѕtаtе. You can lіtеrаllу "shop the glоbе" fоr thе bеѕt rаtеѕ, thе best products, thе best ѕеrvісе, or whаt еvеr. Yоu nоw саn dо buѕіnеѕѕ wіth a bаnk оr credit саrd processor in Gеrmаnу, Sіngароrе, Hоllаnd, or any рlасе else just аѕ еаѕіlу аѕ "thе bank dоwn thе rоаd". In fасt, nіnе tіmеѕ out оf tеn, уоu wіll fіnd thе level of ѕеrvісе to bе muсh bеttеr with a bаnk hаlf wау аrоund the world, thеn уоu will wіth your neighborhood bank. Whу? Thеу wаnt уоur buѕіnеѕѕ, and thеу are wіllіng to рrоvе іt. Thе оthеr bеnеfіtѕ аrе оbvіоuѕ. If you іntеnd tо bе vіrtuаl, the best рlасе tо begin іѕ bу bесоmіng virtual іn fасt. An оffѕhоrе mеrсhаnt ассоunt рlасеѕ уоu іn a vіrtuаl / оffѕhоrе jurіѕdісtіоn.

Thе рrоblеm оf соurѕе wіth ѕоmе оffѕhоrе banks оr сrеdіt card рrосеѕѕоrѕ аrе the higher рrосеѕѕіng fees. Thе fierce соmреtіtіоn that has bееn seen іn thе US, hаѕ not rеасhеd some раrtѕ оf thе wоrld, at least nоt yet. Hоwеvеr that іѕ slowly changing. In аddіtіоn, ѕuсh things as "Intеrnеt Banking" аnd оffѕhоrе mеrсhаnt ассоuntѕ are nеw services thаt mаnу offshore banks аrе juѕt ѕtаrtіng to tаkе a look аt.

Wеll, being able tо gеt bеttеr service, lіttlе оr no hаѕѕlеѕ gеttіng уоur account ореnеd, аnd lоwеr or perhaps nо deposit rеԛuіrеmеntѕ аrе only thе "tір оf thе ісеbеrg". Thе fасt of the mаttеr is, іf уоu have аn оffѕhоrе bаnk оr mеrсhаnt company рrосеѕѕ your credit саrd transactions fоr уоu, уоur mоnеу аlrеаdу is "offshore". This bеіng thе саѕе, уоu nоw have the mеаnѕ to really mаkе thе mоѕt оf уоur buѕіnеѕѕ income аnd kеер more оf what уоu еаrn.

Merchant Cash Advance | Business Funding Options

Gеnеrаllу, small buѕіnеѕѕеѕ lооk for dіffеrеnt ѕоurсеѕ of fіnаnсіng аnd ѕоmеtіmеѕ there are сhаnсеѕ that thеу mіght be rеjесtеd оf a bаnk loan. In ѕuсh a саѕе, the mеrсhаnt саѕh advance can bе the great аltеrnаtіvе tо thеm. If thе buѕіnеѕѕ іѕ in іmmеdіаtе nееd fоr cash and if thеrе іѕ a cash flow рrоblеm, thіѕ саn be the grеаt аltеrnаtіvе tо thеm. Evеn thоugh, some уеаrѕ аgо, banks wеrе somewhat lіbеrаl, аftеr thе rесеѕѕіоn, сrеdіt hаѕ gotten tighter. Rесеntlу, the banks, іrrеѕресtіvе of whеthеr they are small or large, аrе recommended tо іnсrеаѕе thеіr lending tо ѕmаll businesses fоr ѕtіmulаtіng thе economy and to ѕрееd uр their recovery process. Dо you know, how a merchant саѕh advance wоrkѕ? 

Lеt uѕ find out hеrе:

Whеn a соmраnу gеtѕ a mеrсhаnt саѕh advance, thе trаdе is something соnnесtеd with the рrосurеmеnt аnd selling оf futurе credit card income. Here, nо regular fіxеd рауmеntѕ wіll bе rеԛuіrеd bу the соmраnу. A сеrtаіn percentage оf mоnеу frоm thе сrеdіt саrd ѕаlеѕ is collected оn a dаіlу bаѕіѕ bу thе lеndеr. Thе соllесtіоn wіll continue until thе lender gеtѕ bасk thе mоnеу they hаvе gіvеn аlоng wіth thе premium. Gеnеrаllу, thе fіnаnсіеr wіll trу tо соllесt thе аdvаnсе money within a уеаr.

One important thing thаt аttrасtѕ соmраnіеѕ tоwаrdѕ this option іѕ thаt, when they hаvе a slow ѕаlеѕ, thеу wіll bе making a lower lеvеl оf рауmеnt аѕ thеіr сrеdіt card іnсоmе wіll be lоwеr durіng thіѕ реrіоd. Another fеаturе is that thеrе іѕ no duе date рrеѕѕurе fоr the borrowers. It can bе paid оff whеn enough сrеdіt саrd sales аrе mаdе and also nо collateral ѕесurіtу is nееdеd tо gеt this type оf finance.

Aсtuаllу, іt іѕ not a lоаn аnd it іѕ juѕt an аdvаnсе of money аgаіnѕt the future сrеdіt саrd ѕаlеѕ. Attrасtіvе mеrсhаnt саѕh advance rates are рrоvіdеd by ѕоmе fіnаnсіng соmраnіеѕ for hеlріng оut small buѕіnеѕѕеѕ, whо can рау оff thе money whеn thеіr credit саrd ѕаlеѕ іnсrеаѕеѕ. They provide thіѕ type оf financing undеr dіffеrеnt packages fоr ѕmаllеr buѕіnеѕѕеѕ tо select frоm. Sоmе оf them аrе оffеrеd at vеrу lоw rаtеѕ lіkе 1.25-1.29 and even at the rаtе of 1.39 аnd thеѕе rates depend оn the расkаgе ѕеlесtеd bу thе small business оwnеrѕ.

Sо, ѕеlесt a соmраnу thаt оffеrѕ attractive merchant саѕh advance rates and enjoy a considerable return frоm thе рrосееdѕ. When уоu are іn іmmеdіаtе nееd of ѕоmе саѕh, this can bе a great аltеrnаtіvе.

What is the process to apply for Merchant Account?

Are you planning to open a merchant account in order to attract potential customers who prefer to pay for goods purchased through their credit or debit card? Most of the professional merchant account providers check the current credit score, reputation and even the type of business that the applicant runs. Below are discussed some of the basic steps to open a merchant account in a proper manner.

1. Make sure to check your credit score: Before applying for a merchant account, it will be wise for you to check your current credit score in the market. It will certainly be wise for you to clear all the unpaid accounts in order to improve your credit score and thereby enable the processing of the merchant account application in a convenient way.
2. Choose a merchant account provider: The next important step is to choose reputed merchant account provider. You can either apply for merchant account through online or visit the office of reputed merchant account provider. It will be wise for you to choose a merchant account that will fulfill the needs of your business.
3. Fill the application form: While filling up the merchant processing application form, it will certainly be wise for you to adequately input your detail address, type of business and phone number, etc. You must also provide details of EIN and even the number of years they have been in this line of business.
4. Type of products and services: The next important step is to provide detail information about the types of goods and services offered by your firm to the valuable customers. Sharing information on this point will enable the provider to determine the monthly sales of your firm.
5. Must check the reputation of the merchant account provider: Before availing the services of specific merchant account provider, it will certainly be wise to check its reputation in the market.
6. Provide reference: While filling up the application procedure, it will certainly be wise to provide reference. This will enable the merchant account provider to gain detail knowledge about your business, valid account number, address, etc.
7. Submit the application form: This is certainly the last and final step to open a merchant account. Most of these business firms submit the application form from the comfort of their home via online. These are some of the vital steps to open a merchant account.

With the help of a merchant account you will certainly be able to urge your customers to buy their favorite goods and pay for it through credit or debit card.

Best Low Cost Merchant Service Provider | Best Merchant Account Rates

With so much to shoulder just to keep your business running, I’m sure you feel like you’re going in a hundred different directions all at once. Improving your products, offering good customers service and finding ways to attract new customers are just some of the priorities you probably balance day in and day out. Running a profitable business in today’s competitive economy is no easy task. Finding a solid merchant services provider that offers full-service can certainly make doing business a whole lot easier. Take a moment to find out how Shaw Merchant Group can get you set up with a user-friendly merchant account that will transform your business in ways that will amaze you.

Why Choose Shaw Merchant Group

We can get you organized with an easily affordable merchant account very quickly. Our staff can get your business set up to accept all major credit and debit cards, as well as EBT cards. You will be able to process them immediately with funds being deposited right into your account in as little as 48 hours. This reduces your risk and improves the management of cash flow to help your business run smoothly.

FREE Credit / Debit Card Processing Equipment

We work with Verifone to get free terminal placement for our clients, both countertop terminals as well as wireless. Using the same state-of-the-art NFC technology as Apple Pay, Softcard and Google Wallet you will be able to accept and process contactless payments. As an added bonus, the lightweight sleek looking terminals by Ingenico are EMV capable, using the most recent technological innovations in fraud detection and prevention.

Mobile Card Processing

Your mobile phone can act as a processing terminal once we set you up with a Payment Jack device for swiping cards. The card swiper and the software that runs it is FREE when you have a merchant account with Shaw Merchant Group. Once we get it all set up you will have the convenience of processing credit, debit and EBT cards portably right from your mobile phone. You will also be able to email your customers their receipts as well as look up transactions online or on your mobile phone.

Internet Processing Solutions

An actual credit card terminal is certainly effective but if you would like the convenience of faster processing, a virtual terminal may be the perfect solution. This would mean that your transactions would be run through a website. You can also have us set up an eCommerce solution with shopping carts on your website so your customers can enjoy the convenience of online shopping.

Social Marketing Solutions

Staying engaged with your customers with special offers and promotions increases profits in today’s marketplace. We offer an easy way for creating promotional offers, for sending them out and for keeping track of everything with our solutions.

Additional Services

Shaw Merchant Group is eager to help you increase business and customer satisfaction. This might involve setting you up to accept gift and/or loyalty cards, incorporating a check acceptance program, ATM machine solutions and we can also create a merchant advantage program for you for even more benefits. In terms of processing payments, no matter what the issue, we can find a solution.

For More Information

Please complete the contact us form above to receive more information or to let us know what you need. We’re standing by to help you with card processing and will set you up with free equipment.

Merchant Services Appointment Setting

Are you a business owner that gets bombed daily by sales calls? Maybe you are a Merchant Services Agent that goes to speak to those merchants. Either way both parties usually are dissatisfied with the experience.

I have been in the Merchant Services industry for well over 10 years. I've been successful overall but it has not been without pitfalls. When I entered into the merchant industry I came from a retail sales background (11 years in the wireless phone business) where customers came to me to buy products and all I had to do was try to maximize the sale. Being from this type of background it made it hard for me to try and break into the merchant service business without some help.

I knew the earning potential could be great because I had a roommate at the time that literally went from rags to riches in less then two years. This guy went from driving an old Honda Accord to driving exotic cars. This is what gave me the drive to change careers.

So, where do I start? I went to work for a local company in Portland, Or called Wholesale Merchant Processing and began training. The owner handed me a training guide and business cards and said "go get them tiger". This position came with 4 pre-set merchant services appointments daily which I felt was going to be key to my success as a new Merchant Services Agent. Little did I know I would find out that these appointments were simply just to get me to go to the location and pitch the merchant. Most of the time (95% of the time) I would walk in thinking I had someone expecting me but that was NOT the case.

As you could imagine this was not a success for me. I got very frustrated and almost gave up my first week. I had driven well over 500 miles and two tanks of gas in one week and was going broke with NO sales to show for it.

The next week I decided to make my own appointments by going business to business and networking with business owners. This change made all the difference in the world. That same week I closed 3 new accounts and didn't even use a tank of gas doing it. This was the way to go, much more effective and I was on my way to success.

Summery:

Most Merchant Services Agents think that having pre-set appointments is a must in order to be successful in becoming a Merchant Services Agent. This could not be further from the truth. In my opinion if you are not the type of person that can generate their own business by building relationships with merchants then this business is NOT for you. The companies that hire sales people based on setting appointments is what I call a structured loss where the sales rep almost always loses. I have found that the best company in the merchant service business to partner with is North American Bancard. I have personally been working with North American Bancard for over 8 years and have been very happy with their support, compensation plan, structure ect.

Please contact us with any questions. Thank you!

Payanywhere Storefront Tablet Point of Sale Systems

(PRICING UPDATE: Be sure to contact us today and get the details on the North American Bancard EDGE Program - The EDGE Cash Discount Program will wipe out ALL fees so you will no longer have to pay for processing credit/debit cards.

PayAnywhere is a popular aggregator for merchant services that offers quality mobile solutions for various storefronts as well as for face to face type POS services. One of the major features that make PayAnywhere a popular service throughout the world is the free equipment that also includes tablet. This service was invented by North American Bancard and it serves merchants with an ability to accept payments via PayPal, American Express, VISA as well as Mastercard for various product and services. NAB has introduced this quality service in year 2011 but the POS type storefront scheme was offered in late 2014; with this offer PayAnywhere became first choice of all users as it provides free equipment that incorporates tablet as well as a card reader and one integrated stand.  Payanywhere is considered as best solution for various small business startups but still the fine print feature keeps it behind Square. This product focuses on provision of simple mobile solutions and comprehensive storefront with quality POS solution.

About PayAnywhere App:

This interactive application offers simple design with very straightforward approach; here readers can avail in-depth computing environment by using a detailed menu, sales system, reports, inventory management and analytics for every sale. It also contains options of discounts and tax for all orders so that all matters can be easily processed. This application works as best solution for all those shop owners who wish to manage their finances accurately at one stop shop environment.

With latest advancement to PayAnywhere storefront system now you are likely to have a Tablet POS Program for free. This advanced software and the sleek tablet with inbuilt credit card reader mechanism provides outstanding shopping experiences with improved transaction speeds and fast reporting facilities. PayAnywhere application is most suitable for all existing as well as new business owners that are experiencing about $5K over credit/ debit card type sales.

Fee Details:

Same as GoPayment platform, the PayAnyWhere app also offers two tiered solution for users. You are eligible to swipe approximately 2.69% for Visa, AmEx as well as Mastercard without any monthly fee. As per various terms and conditions, some amount of additional fee may be applied in case of Discover cards. On the other hand if you want to cough up with $13 per month for a storefront type edition then your payment amount becomes 1.69 percent for AmEx, Mastercard as well as Visa. Whereas the business credit card will still be charged with 2.69 percent. Remember that you have to sell at least $5000 per month while using this system otherwise it will charge a fee of $80 into your account.

Here is the basic info about fee amounts for PayAnywhere service:

·         1.69% for each transaction with Discover, Mastercard as well as Visa: Swiped.

·         2.69% for every transaction on commercial Visa, Discover, Mastercard as well as reward cards: Business.

·         3.69% with additional $.19 for each transaction: Keyed.

·         Averages monthly fee: $12.95 only.

·         Minimum fee for the volume is decided to be $35-$79 each month based on sales volume.

Equipment Details:

Although all your transactions will take place through merchant in electronic manner but the actual device that is used to swipe the card of customer is called as “The Equipment”. For assisting proper functioning of whole system this equipment is a combination of hardware as well as software module. At initial level, this service was compatible only with iTouch, iPads and iPhones but now it can be run easily over blackberry as well as Android platform.

The hardware part incorporates a tablet POS system for merchants so that they can easily sign up for their dedicated services. It is designed with android platform and works only for PayAnywhere system of payments that clearly means that you are not able to use this tablet for playing games and any other application. Although the mobile swiper and the equipment both are available for free but still the merchants need to pay $35-$79 as minimum fee per month if monthly sales volume is under $5K. The software apart is supported by both POS as well as swiper type system so that you can enjoy this application on device as well as can operate it online.

PayAnywhere system at a glance:

           ·         PayAnywhere system application and reader is available for free so you can easily start your business with its quality features.

           ·         It comes with free tablet, sleek POS stand, advanced POS software as well as credit card reader.

           ·         It can be used with 1.69% flat rate of pricing and system accepts Discover, Mastercards, Visa as well as American Express on the same rate.

           ·         It offers next day funding option so you just need to grab the equipment and then forget about delays. You will be able to collect your business money within one day right from the day of transaction.

           ·         Some of the most appreciable features of PayAnywhere system are email receipts, tax, add discounts, tips as well as inventory creation options.

           ·         With a payment of only $19.95 per month you are able to add wireless receipt printer as well as cash drawer into your system; and if you wish to buy only the printer then you have to pay only $14.95 per month.

           ·         It comes with tablet point of sale system that offers easy access to application.

           ·         With extended features, PayAnywhere system offers high quality business guidance services. It generates improved control over your deposit funds, maintains transaction history, and provides detailed view of all account activities anytime anywhere.

Support:

PayAnywhere system is backed by most popular company well known as North American Bancard; so you will have top quality support facility all the time with all time chat as well as phone line contact. You can contact these support officials any time 24/7 and they can provide assistance in Mandarin, Spanish as well as English language.

With all these quality features and advanced facilities, PayAnywhere becomes best option for all merchants as it provides easy management of financial resources and keep proper track of account operations. It is a low cost, high quality and most efficient solution for all business owners with very interactive interface.

Merchant Account Explained

Businesses, no matter what their size is, need to be able to create merchant accounts that will allow them to take in credit card payments. It is a must in today’s increasingly cashless economy. These merchant accounts are what make a business able to take in these alternative forms of payment with ease. The money comes in, the commissions are paid to those who set up the account for you, and thus the profit is made. To be clear, the money does not stay in these accounts. Rather, it is simply a placeholder while the transaction takes place and everyone gets his or her rightful payments. And all this take place at the speed of data. Of course, the payments are not doled out unless the funds are verified on every end. Doing so is simply smart business practice. Though this process might take up to two days in order to make sure the money is true, if you are taking in multiple payments it will make for a constant stream of profits to be flowing into your bottom line. Thus every day you will have a new “batch,” as they are called, being deposited into your account of the credit card payments that have cleared the process of going through your merchant account. As such, they offer safe and reliable transactions to companies seeking to ensure that they can continue to do what matters most to them: serve their customers.

Before you decide to open a merchant account, however, there are a few more things you will need to know about the way this process works. Of course, at all times, you want to make informed decisions as a business owner. One of the first things to know is about the three major credit card companies—VISA, MasterCard, and Discover—and how they handle their customers. Mainly it is this: the big three do provide merchant accounts directly to companies. This is where Independent Sales Organizations (ISOs) and their agents come into play. They work with the big three to set up the merchant accounts, providing a contract, summary of fees, and even the processing machines and service of them. They make a commission on the service they provide, which is logical given their expertise on these matters. Business owners have their own things they need to deal with, and setting up credit card processing can be a hassle that many of them do not need. Let the professional handle the set up and any problems down the road you might encounter, and get back to doing business. Further, if you want to set up a Discover Card merchant account, they can be tacked on with the other three.

A variation on these processes is how American Express handles merchant accounts for companies. Instead of going through the merchant services agents as the other three do, American Express sets up the merchant accounts for their customers. Thus they basically act as their own ISO. Though it might seem like a bother to have separate merchant accounts, one for the other three and one for American Express, but they take some of the guesswork out of it for you by handling the account themselves. Because they are the more staid and older of the other credit card companies, American Express has a bit more of a history in handling these kinds of accounts. Plus, if you plan on moving up the ranks of companies in whatever industry you do business in, installing a merchant account and processing with them will give you the credibility you need. This will also build trust with your customers.

Once you have made the decision to enroll in credit card processing, you want to make sure that whoever it is that is signing you up has all the proper legal clearances. Since American Express, again, handles their own accounts, you need not worry about them in this matter. But with ISOs, they must be registered with the Federal Deposit Insurance Corporation. This is true whether you are dealing with an established ISO, or one that is only affiliated with one, or the so-called sub-ISOs. You have to be careful here because there are a lot of felonious posers out there seeking to get you signed up for contracts that will either not benefit you or could even be designed to rip you off. These kinds of scams are not that common, but you need to be made aware of their existence. The bottom line is that you need to do your homework before you sign on the dotted line.

One last thing you need to understand about merchant accounts is that your bank considers it to be a line of credit. The reason for this is that the business gets the money from the transaction before the money is actually is collected from the customer. Since this is credit card processing, this makes a bit of sense. The idea behind credit cards in the first place is that a private individual agrees to pay for a good at a future date. Because your bank looks at merchant accounts as credit, you will be forced to undergo a credit check, to put up surety, and provide financial data that will ensure your banker that you will be able to cover for any interruptions in your payments. For large companies, you can get by without the need for a personal credit check. The way they do this is by submitting additional financial data that will demonstrate beyond a shadow of a doubt the viability of your company.

Those providing merchant accounts will want a copy of your business license, incorporation papers, and other financial documents that will speed up the underwriting process. Though there will be an initial cap on the amount of dollars you can take in daily on credit card transactions, this can change in the future. If you prove that you are capable of bringing in money reliably, then you will be able to increase this daily amount.

Quality "High Risk Merchant Services Agent Program"

Merchant services sales agents love to include something special in their merchant business. Shaw Merchant Group gives various services including high risk merchant service for all types of merchants. Getting a perfect merchant services partner for your business is quite important. As the guidelines in underwriting of any traditional processors become more strict, you will get more declines of new merchant applications. It has taken years to place your merchants getting services for their credit card processing needs, hasn’t it? To learn about this program you should know 2 major factors in this kind of service. You can learn it here actually.

Partnering With SMG

First of all, Shaw Merchant Group helps you to get accounts approved easily. They have a network of merchant services ISO’s as well as over 79 banks all over the world. It means that you can place most businesses worldwide. They will approve almost any application that you have submitted. In fact, they have a list of customers who are satisfied with their merchant processing service. You can use them for referral sources too. Another reason to use Shaw Merchant Group for your payment processing partner is to get the payment. As an experienced businessperson, you have already known how stressful it’s to deliver high-risk deals and generate new leads to both brokerages and processors. You usually receive no money at all.

The Benefits 

Shaw Merchant Group's agent program will pay residual income monthly on the 15th of the month. This means that you can get commissions directly from such merchant account sales romptly every month for the life of the merchant account. Shaw Merchant Group provides competitive solutions of high risk merchant locally and worldwide. They also act as 3rd party service for those with few or even no history of credit card processing service. What’s about offshore processing? Shaw Merchant Group are also able to give services for offshore accounts. You can access in some jurisdictions including Malta, Cyprus, Mauritius, Panama, and Hong Kong without taxes.

Moreover, Shaw Merchant Group's agent program becomes a good souce for payment gateways for online businesses and ecommerce clients. They have user-friendly interfaces with NMI and PCI compliant integration as well as many shopping cart options. All merchants will get free full technical support from them. Next feature that you can get is the multiple currency processing. Shaw Merchant Group processes more than 16 currencies. However, you can only use Euros and USD in replica start-ups. What’s about the rate? This service offers average rates in any industries. If you have high risk business, you may get higher rates than regular merchant accounts.

In summary, Shaw Merchant Group's high-risk processing program will make anything easy. There will be no more restrictions in the terms of geography and location. Overall, it’s affordable and simple so you can offer merchant accounts for any products on the internet. High-risk businesses tend to have troubles in finding sources of merchant processing options. In this case, Shaw Merchant Gprogram comes as a handy support for your high-risk business. You can call their service through the internet without hassles. Importantly, you need to find a reliable program to start with. Shaw merchant group acts as a support to help you getting approval for accounts within local and offshore scopes.

Selling Credit Card Processing and Merchant Services | Pros and Cons

Going to businesses and getting them signed up for credit card processing is a potentially great career to do if you understand the risks involved.  Like anything else you do in life, you need to be aware of everything that will be expected of you.  Assuming you are making the correct choice, it can be a profitable enterprise for you.  One of the main reasons why it could be such a great move is because all companies, great and small, need to be able to process credit card and other alternative forms of payment in our increasingly cashless society.  In this modern era we do almost everything electronically, and our in person transactions are typically done with a plastic card.  Due to this myriad of new styles of payments, most companies do not expend the time and effort needed to keep track of all these things.  That is where you come into play.  As a purveyor of credit card processing and merchant services, you will not only be able to assist companies with their day-to-day operations, but you will be able to draw a percentage yourself off of every transaction that utilizes your services.  Therefore, if you are mobile in car, computer, and phone, not to mention the drive to sell your product, you already have everything you need to make money in this endeavor.

This is not to say that it will always be smooth sailing.  You will need to grow accustomed to hearing the word “no” a lot.  It is not that people are necessarily trying to be unfriendly, although that will sometimes occur.  Instead, it mainly has to do with essentially being a door-to-door salesperson, which has never been one of the more accepted professions in our society despite being lucrative.  People will simply not want to give you the time of the day.  You could have the best service for them, but if they are busy their task at hand comes first.  It is understandable that people have a job to do, and this is especially true for small business owners.  As such, do not be surprised if you are not given much attention when you butt into their daily affairs.  As the saying goes, it is not personal, it is just business.  It does not matter how friendly you are, how well dressed you are, or even the quality of your service.  People want to focus on the things that matter to them the most and will have trouble seeing how you fit into the picture.  Nonetheless, perseverance does pay off.  When you can get the most stubborn client to finally speak to you and you are able to lay out all the benefits of credit card processing and merchant services, they usually see the light.   It will also help you to appreciate the more initially receptive customers who might make your trip to their place of business well worth your while.

Now that you understand a bit more of some of the possible risks involved, we can turn our attention to some of the perks.  One of the hidden joys of providing credit card processing and merchant services has to do with the connections you will make with people.  It is not simply about providing a service, however.  Though they sign a contract and you leave their business that day, you will now have a vested interest in seeing that company succeed and profit.  Because you now have an incentive, this will mean answering any questions they might have regarding the process and the way it works.  You will want to ensure that their credit card machines and online processing are working at their peak performance.  This is doing business at the speed of the digital age.  Most business owners know how their company runs, but they do not understand all the ways they take in money.  Hence you can be of the utmost service to your clients by ensuring that they can communicate with you whenever a problem arises, just like in any other relationship.  Making sure you maintain those avenues of communication will help convince your clients to stick with you once their contract expires and they are free to seek other credit card processing services.  A happy customer, as another saying goes, is usually a customer for life.  And if they are a life-long customer, you will see that percentage of their business that you get grow and continue for the foreseeable future.

Another benefit of maintaining good relationships with customers is word of mouth.  If they are satisfied with the credit card processing and merchant services you provide, chances are they are going to tell their friends who are also business owners.  You thus have the potential to ingratiate yourself into an entire network that will keep your percentages growing.  It is also likely that the business owners will want you to provide the same services for any other company that they decide to open.  In other words, you can get in on the ground floor of some major operations.  All it took on your part was the initial sale and it almost increases itself.

It is that initial effort that can mean the difference between staying small time and really developing a chunk of change on which you can rely on a monthly basis.  Through credit card processing and merchant services, you will have multiple revenue streams of various sizes.  But maintaining good business relationships is key to achieving this goal.  It does take hard work, and you will put in the typical forty hour work week that any other person does.  However, you will be able to set your own schedule, which can be handy when you are dealing with a variety of clients with different schedules.  Because many business owners like to have weekends off as much as you do, you will typically not have to work many of them.  If you are able to do all these things, you will build a kind of business of your own that will almost be able to grow itself.

Merchant Services Training Program

When it comes to learning how to sell merchant services you may be surprised what I found. I found that most merchant services providers that hire sales agents do not provide quality merchant services sales training to new sales agents. Also, I noticed that this is one of the main reasons why a high percentage of new agents fail in getting started in the credit card processing industry.

I've been in the industry and have worked for some of the top merchant services providers and have had the chance to see the pros and cons of their training programs.
When I first got into the merchant services business I had to learn it on my own. I was handed a training packet and expected to read and become a seasoned merchant services sales agent. Well in turn I want not very successful working for this merchant processing company.

I knew the earning potential was huge in the credit card processing business and wanted to do what ever it took to make good money selling merchant accounts. So I began looking at top merchant service companies and found 3 that offered some kind of merchant services training program. I ended up finding out that the training programs still were very poor. With this being said in the merchant service industry today you now have access to great training programs.

Your invited to join North American Bancard's "merchant services training program". You will learn everything you will need to know to become a successful sales agent. NAB provides an extensive training program to insure your a successful merchant services agent. Learning the back-end process to detailed sales strategies you will have no problem generating sales leads an closing accounts. Not everyone is NOT made for sales so success will very from person to person but if you have basic business to business sales skills or your a seasoned sales professional the NAB merchant services training program will give you the extra skills you need in today's market to make more money.

Starting a Credit Card Processing Company

Starting any kind of business has some basic steps to get registered with your state as an official Credit Card Processing Company. In Oregon where I am from this processes cost $100 to re-new per year. With this being said I want to jump right into how to go about

1. You will want to start by researching businesses in your area and evaluate who your competition is. The credit card processing business is typically riddled with competition across the United States. Because of this you will want to find a marketing plan that sets you apart from other credit card processing businesses in your area. As an example maybe your company could specialize in Business Cash Advances which goes hand in hand with credit card processing. Leading in with something like this will set you apart from other credit card processors that simply say they will save the merchant money. The merchant hears this type of pitch every day and makes it easy for the merchant to say no to your offer.

2. After doing your research you will want to choose the right credit card processing company to partner with. Some people have the misconception that you need to be a registered merchant services ISO in order to start a credit card processing company. This is one way of going about becoming a credit card processing company but you may want to wait on this process by registering with a super ISO as an Independent Sales Agent first. There are many benefits to starting your credit card processing company this way. Simply all you need to focus on is selling merchant accounts and the super ISO literally handles the rest of the backend such as customer services, training, deployment of equipment, tech support, merchant tracking systems (CRM), sales leads, sales support, backend and frontend processing, underwriting department and much more. If you choose to become a full registered ISO with VISA/MC/DIS/AMEX you will need to have some type of bank loan to put these things in place. Registration cost $10,000 and $5000 to re-new every year. If you would like more info on getting registered to start selling credit card processing at no cost upfront visit North American Bancard ISO Program.

3. If you have been approved as an Independent Sales Agent with North American Bancard Agent Program you have all the tools at your finger tips to start your credit card processing company. You will want to begin by going to visit small businesses in your area and make yourself  and your company known. Some credit card processors will set appointments by calling the merchant ahead of time and making a time and day that's works for your merchant. If you go this way, you will need to hire a telemarketer, appointments setting service or lead generation company. The most successful and cost effective way to get business is to simply canvas the area and do drop ins to your local merchants. I have worked with over 1000 agents/ISOs and I can tell you the most successful people in this business simply are good at hitting the pavement.

4. Once you have experienced success as an Independent Agent you will want to expand your credit card processing company by hiring merchant sales agents in other areas to increase sales. The cool thing about this is that North American Bancard offers to handle all of your agents on your behalf and pay them on your behalf. You simply set the payouts to your agents and NAB takes care of the accounting, sales training, tracking and everything else.

Summery:

If you go about starting a credit card processing company using the process I just told you about you will likely have success in the credit card processing business. Plus there is no upfront cost or money out of your pocket, its simply a turnkey solution to start a credit card processing company. I have personally used this method to start a credit card processing company and I can say I am happy with where I am at financially and if you are dedicated to starting a successful credit card processing company you will have financial freedom too.

Merchant Account Agent Programs | Overview

As a merchant services agent, are you looking for a better program? Do you need the best merchant account agent program available on the market? Shaw Merchant Group is the answer to your question. The following discussion will convince you why we are the best at what we do.

Qualities of a good high-risk merchant services agent program

It is important to choose the right high-risk partner for your merchant services business. Two important factors to consider in high-risk merchant services agent programs include:

1.       Getting accounts approved

A good merchant services agent program should be able to place any business since they should have banks and ISOs available across the world. They should strive to approve every application submitted to them by agents.

2.       Getting paid

A good merchant services agent program should be able to pay residuals at the right time. Some offer programs that allow agents get upfront commissions from high-risk accounts.

Why we are the best

Shaw Merchant Group offers a 100% satisfaction guarantee. With us, you can sign up merchants with confidence. This is because we are ever ready to switch over your merchant to another provider in our network if he or she is not happy with the current processor you signed him or her up with.

We offer production bonuses and fast start bonus in addition to offering industry leading compensation. We also offer training and marketing tools in addition to lead programs from our credit card processing providers.

There are affiliate programs, which allow you to gather affiliates under you and automatically monitor and compensate them accordingly. This creates a sales force that requires no management since it is a free solution.

High-risk businesses are not supported by most merchant agent services. We have many high-risk business opportunities available both domestically and offshore. Credit card processing for e-books, adult websites, video streaming, tobacco etc. is some of the services we offer.

With dozens of processors, one agent agreement, you can offer credit card processing services to your merchants from all the best credit card processing providers. By filling out one agent agreement at with Shaw Merchant Group, you can track all your commissions from a single porter.

Other services offered

·         Domestic processing – domestically, we offer a very competitive high-risk merchant solution in addition to third party processing for clients.

·         Offshore processing – we specialize in offshore accounts which allow you to process in countries like Panama, Hong Kong, Cyprus and Malta which are tax-free jurisdictions.

·         Payment Gateway – we have a proprietary gateway that is PCI compliant. We also ensure it is NMI-integrated so it is easy to use.

·         Rates –we offer competitive rates. There are no volume restrictions even though your rates are much higher as a high-risk business type when compared to a standard merchant account.