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Showing posts from June, 2020

Avoiding Merchant Credit Card Processing Fees

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If you are a merchant or own a business, then you know firsthand about credit card processing fees. While customers may not see that the business they are in is charged for the payments that they accept, you know very well that merchant credit card processing fees are not insignificant. While 3-5% doesn’t sound like a lot, it very much adds up and over time, it can have a heavy impact on profitability and margin. If you want to increase your margin and gain more control over how much you pay to accept payments, then there are definitely ways that you can do so. The savvy merchant works with their processor to find out how they can reduce credit card processing fees , gain more margin, and achieve a competitive advantage over their regional, national, and global industry rivals. What are merchant credit card processing fees? Though many merchants are already familiar with what exactly credit card fees are, it is helpful in the context of the conversation to go over what exactl

Cash Discount Agent Program | How to Sell Cash Discounting

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With a  cash discounting program , you can actually kill two birds with one stone, and that is by selling the program to a merchant at an undeniable deal while also increasing your profit. Sounds unreal? Let me make it as real as things can get. First Let’s See How the Traditional Selling is Done?  Imagine a 7 Eleven kind of store getting $10k via credit cards and paying $300 in fee on it. Now in order to sell your program to the merchant, you will have to reduce your profit and offer him to pay $250 in fee using your program and save $50. However, with this approach, you are losing 50% of your profit and only getting $50 out of the total profit of $100. This approach might win you “salesman of the year” award, but it won’t let you buy that Mercedes you’ve been eyeing for some time. Here’s What We Will Do: You go to the merchant and tell him that you will reduce his  credit card payment processing fee  from $300 to zero or almost zero. And you will do that by telling cus

Cash Discount Program - Eliminate Credit Card Processing Fees

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It is not hard to understand why business owners are checking out the cash discount program as they are losing 3-4% in the credit card processing fees with every transaction. At this moment, everyone wants things instantly and inexpensive just like same-day funds. There is no surprise that the processing of the cash discount program is on the rise. This program is gaining popularity not only in the USA but all around the world. Let’s have a look at what is the  cash discount program  is and how it works. What is a Cash Discount Program?  A cash discount program is a way of passing debit and credit card processing fees to your customers. It’s adding a small service fee on all transactions except cash or check payments. This program allows the business owners to accept the credit or debit cards but without the loss in fees, which is usually 3 to 4%. There are several benefits of North American Bancard’s cash discount program which are given below: Save Money  With a  cash

What is the Best Merchant Services Agent Program?

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Are you looking for the best m erchant services agent ISO program ? As a merchant services agent, you must be quite attentive about how to find the best program for your payment processing business. Well, you should search no longer because you can use the best merchant services agent program in the country . There are many reasons why we have become the best credit card processing agent program for credit card processing sales agents and ISO's. First of all, we give you a 100% guarantee of satisfaction for you and all your merchants. With our high quality service, you can sign up business owners and merchants with self-reliance. About the Agent ISO Program Our  Merchant Services Agent ISO Program offers relationships with various processors and processing platforms.  Able to offer your merchants most payment platforms across the globe.  Track all of the commissions and deals from your back office portal.  Commission structure is much higher than other credit c

How Much Do Merchant Services Agents Make Selling Merchant Accounts?

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Are you looking for a great business opportunity that gives you hundreds of dollars per month? If yes, then selling merchant accounts is the right choice for you! Almost every other business in the world uses credit and debit cards as their primary tool for transactions, known as merchant services. Selling merchant services is an alluring and profitable business as it has the potential of gaining a large number of clients! However, the answer to how much you can earn mainly relies on your hard work and passion for this work—keeping in mind that it requires hours of effort. It also requires a strong knowledge of the credit card processing sales and its industry, along with the fact that you would have to keep at it even after being told 'No' many times. Without any further ado, let’s get into details of the rewards you can bring home by a future in merchant services sales, which is estimated at around $100k of earning annually! How Much Can Be Made? The me

North American Bancard Cash Discount Program

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North American Bancard (NAB) is a well-known credit card processing company. It is a merchant account provider. This means that you can collect and process debit and credit card payments from your customers. Your money will be deposited into your bank account after the processing fee deduction. North American Bancard’s merchant account was created primarily for face to face retail transactions but now they also allow e-commerce transactions. The North American Bancard Cash Discount Program is a way for you as a business owner to offset the charges of some or all commercial services without increasing the current rates. This is an efficient way of charging service fees to all customers and providing attractive discounts to those who pay with cash. With the help of this program, your published rates will become the actual rates for those who pay cash. Cash paying customers will avoid service fees and everyone else will see an item on the line included in the receipt. It is an advanc

Tips for Selling Merchant Accounts | Selling Credit Card Processing

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Credit card processing and financial services are some of the most essential services that any business will purchase. Without these services, a business is not able to function. In theory, it should be easy to sell any business on the idea that they need a merchant processing account. Unfortunately, there are so many options on the market today that gaining the business of a company looking for these services has become highly competitive. To help you know how to sell these accounts to local businesses and provide them with processing solutions that meet their needs, this list of 10 tips for selling merchant accounts will give you some proven steps to closing more contracts and building your network of clients. Include yourself in the pitch When you are  selling merchant accounts to businesses, the personality and character of you as the salesperson is every bit as important as the functionality and efficiency of the product that you are selling. If you want to have succe

Best Cash Discount Program | Cash Discounting vs Surcharge

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Cash Discounting and surcharging are two different things that you might have heard about. When you are doing any of the credit card transactions, you might have seen both of these. We will be seeing everything you should know about both of them. Many people are confused when it comes to Cash Discounting vs Surcharging. We will clear all your doubts here. The next time you see the surcharge been deducted from your credit card, you won’t have to wonder what is it. So, let’s begin the comparison of  Cash Discounting  vs Surcharging and see what are they. We will start with surcharge and then we will know about cash discounts. What is a surcharge? When you are in any of the cash discount programs, you might have seen some surcharge is deducted from the card. The surcharge is a small fee that any vendor can add to the credit card transaction. This is the fee that is charged by the credit card association to the vendor. To recover all the fees charged by the cred

Credit Card Surcharges vs. Cash Discounts: What’s the Difference?

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Credit card processing can be expensive for merchants, and it is harder for them to allow the customers to pay with a credit card. On the contrary, customers want some flexibility as they prefer to pay with a credit card. The merchants are looking for ways to save money on credit card processing. Because the credit card processing companies impose processing fees to the merchants that cut their profit margins. They implement surcharges onto the customers. According to the rules of the credit card brands, the surcharges had been outlawed that were modified after the settlement agreement. What is the difference between the credit card surcharges and cash discounting program, and how do merchants and card associations deal with surcharging? Here you will learn everything you need to know about Cash Discount Credit Card Processing and surcharges. What is a Surcharge? A surcharge is a fee that merchants add to the customer’s every credit card transaction to cover the costs