NBS Agents >> Merchant Account Agent and ISO Programs

I started this job about 5 weeks ago. I was making sales from week 1 and finally got a $75 paycheck last week. From my calculations I have made over $6000 and just waiting for all the processing of my sales to go through for my paycheck. This week my check was $525 and the breakdown of my sales just about killed me. They took so much out of my commissions. My supervisor would tell me that I could do all these things for my merchants to help close the deals and never told me that I was close to washing out all of my commissions. I am disgusted. I would love to talk to anyone else that has worked for them.

It sounds to me like you’ve been misled by TMG. $6000 a week from commissions isn’t really possible in this industry even if you’re damn good at what you do. I have to assume they didn’t explain how the commission policy works properly. They probably did it because getting new sales agents on board isn’t east to do so they did their best to make the position sound very profitable.

FYI, the kind of money you were expecting isn’t really possible from commission in the short term. You need to build a very large portfolio of merchants and hope the residual income from their processing adds up to a nice sum of money. Long term experienced sales agents make good money month after month this way so if you’re good at what you do the potential to make big bucks is seriously there.

While using credit card for merchant subscription payment safepaysolutions .com gives error and payment not processed.

any solution?

Did they ask for a password? Did you register this credit card with safepay solution? You should look for a phone number for them and contact them. Perhaps they are having server problems, perhaps it is something else. Contacting them is the only way to know what the problem is.

I recently paid some hundreds dollars for something that I have never received, I have finally got hold with the merchant after a couple of days trying, but now, they asked me to back to their store which is 2 hours one way there, so they can give me the refund, because they will need my credit card again to process the refund. I am not sure if they just jerk me around.

Nowadays most of stores do not ask for the original credit card while doing refund.

Please advise if you know how this works. Thanks a lot.

I would not expect to have to drive two hours for a refund. Call them up and read the CCV number to them if that is what they need. They should be able to process it that way. If they continue giving you a hassle, tell them you will dispute the original charge with the credit card company in writing, then do it.

I recently paid some hundreds dollars for something that I have never received, I have finally got hold with the merchant after a couple of days trying, but now, they asked me to back to their store which is 2 hours one way there, so they can give me the refund, because they will need my credit card again to process the refund. I am not sure if they just jerk me around.

Nowadays most of stores do not ask for the original credit card while doing refund.

Please advise if you know how this works. Thanks a lot.

I would not expect to have to drive two hours for a refund. Call them up and read the CCV number to them if that is what they need. They should be able to process it that way. If they continue giving you a hassle, tell them you will dispute the original charge with the credit card company in writing, then do it.

I would like to add online credit card processing to my website. Which bank is the best for this?

The service shouldn’t be too expensive, and the transaction fees should be reasonable.

Thanks.

While PayPal is not a traditional bank, it is a very reliable, easy, and not-too-expensive method for accepting credit card payments online.

A traditional credit card merchant account deducts fees from your checking account each month ($25 or more – usually more) while PayPal deducts a percentage of each sale when the transaction is complete.

After many years of allowing merchant accounts to treat my checking account like a piggybank, I’ve opted for PayPal. Perhaps their program will also benefit your business. The link is below.

Outside of PayPal, the bank where you’ve already established a personal or business account will inform you of merchant account options.

Shirley George Frazier
Author and Small Business Expert

I might have the wrong name. When I say card processor, I mean companies like Google checkout, 2Co, Clickbank, e.t.c., people who you need to process your customers credit cards. I think another name for them is merchant account.

I ask this question bcz I heard it can cost thousands just to set up, and yet I’ve heard it’s not that expensive. For example I saw Google is only $50 to set up then couple cents off each item sold. So I want to know is it thousands one time or not. Thanks.

The one we use has a 10% Holdback fee (which you are reimbursed after 6 months) and a 4% processing fee

I am looking for a merchant account that will process credit card payment online. A 3rd party processor would be ok. This is for a adult dating web site and every company I have found does not work with adult sites. I also need international payment processing. If anyone knows of a good legitimate company please post the name or link.

Your business falls into the highest risk category for credit card processing, that’s why you are having a hard time finding a provider. You don’t have to go through a third party processor though. They are the most expensive ones and you give up control over your account as well. If you Google "adult credit card processing", you will come up with a whole bunch of potential processors and the first in the list is appropriately called www.adultcardprocessing.com.

Be advised that the reason not every merchant account provider can accommodate your business requirements is that US banks will not underwrite certain very high-risk accounts (like yours). So companies that can provide you with merchant services are large enough to be able to underwrite (in other words to assume the risk) themselves. Most of the time they also have relationships with offshore banks and will be able to do your international processing as well.

Good luck!

I am in the process of buying an existing retail store. The current owner is trying to get me to buy the current credit card machine. I was under the assumption that when you signed up with a credit card acceptance company, they provided the machine at no charge… am I right? She is trying to get me to pay $400 for this credit card swiper.

Please no answers like "you don’t know anything about business if you are asking such a stupid question, why are you buying one"…. this is just a simple question that is a small part of the grand scheme of buying this business..

Wow is this a perfect question for me to answer… I actually sell credit card processing, and I can give you all the info you’ll ever need, but…

Plain answer is that one processor might "loan" you a free terminal, but at the end of the day, we all know what "free" is – there’s some catch, be it in higher fees or minimums, etc. I offer free terminals too, but as I just said, you’re simply subsidizing the cost of the machine you’re borrowing from me, but over time.

These machines do cost a lot of money, but depending on the machine the old owner has, it might not even be worth $25, let alone the $400 she’s asking for it.

If you need more help in figuring this out, please feel free to contact me off-line.

Good luck!
J

Who knows of a web service that can set up a site for that does something like what I have described below?

Im looking for a web service (that can create a web site for me) that will allow people to purchase a product from me by accessing the web site and using a credit card.

The logic on the site needs to do something similar to the steps below.
1 User enters information needed to process a credit card purchase
2 Validate credit card info is correct
3 User submits an email address to web site.
4 Web site sends conformation code to email address.
5 User retrieves code from email and enters code into web site, validates email address
5 Email address is stored in some sort of database on web site
6 Web site allows user to download file (after email address is confirmed)
8 After successful download of product credit card payment is accepted and deposited into merchant account

I can handle that for you as my company offer hosting servicing and management. what you re talking about is an E-commerce application enable site. lets talk by droping a mail at ‘mobolaji23401@gmail.com’

regards

I might have the wrong name. When I say card processor, I mean companies like Google checkout, 2Co, Clickbank, e.t.c., people who you need to process your customers credit cards. I think another name for them is merchant account.

I ask this question bcz I heard it can cost thousands just to set up, and yet I’ve heard it’s not that expensive. For example I saw Google is only $50 to set up then couple cents off each item sold. So I want to know is it thousands one time or not. Thanks.

The best offer I’ve found is from Charge:
http://www.charge.com/banners/click.php?a=1010m265
But PayPal is also popular:
https://www.paypal.com/us/mrb/pal=L7UGTG34FPGRW