NBS Agents >> Merchant Account Agent and ISO Programs

We are a small business merchant currently using Usight for processing credit card orders that come into our website. We have been quite satisfied with their services until the last few months, when it has become increasingly difficult to process orders or credits on evenings and weekends – and there is no customer service available at those times. When I call during the week, I’m told this is a "known issue" but it has just continued. We’re frustrated enough by this to consider switching companies. Can someone recommend a better one?

Try Bank of America…..

Dangers of cash flow factoring merchant credit card services

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I am thinking of taking a job but am worried about making enough money.

Hi, I work for a registered MSP for Visa and MasterCard (five years now) and have done sales so I speak from experience.

You can make good money but it won’t happen right away. Besides the usual learning curve you will have to endure (and it is quite a curve in this industry) the real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio.

As you build your portfolio you will start to make money every time they process a credit card. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won’t be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 – 8 merchants per month.

Of course, your goal is to have as many merchants as possible in your portfolio and to land as many "big fish" as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you.

Good luck.

http://www.merchantcashadvance.com merchant card services, merchant cash advance, online payment processing, fast loan, unsecured small business loan.

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These are Merchants who accept Horizon Card Services Unsecured Credit Cards.

I have one, all merchants accept them. It’s like a normal mastercard, except mine is actually a check card. If I buy from certain stores, like Papa John’s, I get points added to my account. I’m @ about 900 points and I’m still far away from redeeming any prizes.

So many companies out there who do you choose?

Simple Payment Systems is truly the absolute best for credit card and electronic check processing. The electronic check processes the check like a credit card. So if the check is deposited into your account ASAP from your business. If it is bad you know right away. I have done research for a long time. They give you free equipment, free training, free software- with a check out cart! (if you have a web site also that you want to sell items on.) They beat discount rate quotes that you give them too. They have 24 hour live help, which is handy. FDIC insured. Make sure you tell them you want the free program. We switched from another company over to them. And have never been happier. Go to their web site and call them or fill out the form and they can contact you. I did countless hours of research! Trust me they are the BEST.
Best wishes!

http://www.merchantcashadvance.com merchant credit card services, online payment processing, merchant cash advance, fast loan, unsecured small business loan.

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http://www.merchantcashadvance.com merchant card services, merchant cash advance, online payment processing, fast loan, unsecured small business loan, merchantcashadvance.com

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starting new buisiness and looking to take credit cards but want the best options would be great if someone has researched this
with thanks

There are many factors that go into the pricing and setup of a merchant account. Factors such as, your business type, how old your business is, the products you sell, and your disclosures and warranties.

The cheapest way is to shop around and get quotes from various providers and assess their helpfulness and willingness to get your account approved.

Customer service is another important factor when choosing a merchant account provider. There is nothing more frustrating then having a customer in front of you and not being able to accept their payment. Make sure the provider has 24/7 customer support.

You can get a free competitive quote from the company I represent by following the link below.

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As for the answer below, it is way beyond the scope of this simple question but:

“No company is the cheapest merchant processor.”

Obviously there are processors cheaper than others.

“Leased equipment, Never, Never, Never. Do the math – it is always a rip-off.”

Leased equipment is not for everyone, but is not a rip off. Leasing equipment is a great alternative when the merchant does not want to pay for a terminal upfront. Leased equipment can also be used as a tax write off.

“Some merchant processors offer a simplified statement format with bundled categories, such as "discount", "mid-qualified" and "non-qualified", but only to keep from disclosing individual rates.”

Absolutely FALSE. MOST processors use categories to keep things SIMPLE, not to hide individual rates. Merchants do not want to read a statement with 240+ different rates on it. That only creates confusion. 95% of payments processed will be in the base category, “discount” anyway. But be sure to know your rates for mid-qual and non-qual transactions.

"The simpler the statement format the less a merchant knows about what their true credit card processing costs are or should be."

Merchants are not as clueless as you think they are. They can easily see the effective rate they are paying with this formula:
FEES / VOLUME OF CARD SALES

Way to confuse and mislead a new merchant.