Tips To Find The Best Merchant Processing Company To Work For
It is easy to become a credit card processing agent; just file some papers, set up a shop, and start charging high fees from the merchants. And if you are unlucky, you might start working for such companies as an agent and not earn to your full potential. So if you want to find the best merchant processing company with extremely lucrative offers for both the merchant and agent, then this article is your best resource.
Why should you be chosen about the merchant processing company?
There are several issues that you can face with a credit card processor that can shut your business before it even starts. Here are a few problems agents face with many merchant credit card processors:
- Payment delays
One of the leading problems is many agents who start a merchant services business face are that their credit card processing company holds payments for too long. Whether for security reasons or for lack of funds, the companies usually pay very late.
- Lack of support
Many don’t have good agent support. If you need to inquire about something on an urgent basis, you will either have to wait, or you might not get connected even after several attempts.
- No System in Place
For many credit card processors, there is no robust system like a dashboard providing agents with insights to their progress, available funds, and active merchants. This puts a lid on the agent’s ability to improve by monitoring progress.
- Low profitability
By selling merchant accounts, agents get commissions and bonuses; however, some merchant processors simply don’t pay very well. Agents get very low payments for the amount of work they put into bringing sales.
- No attractions
In order to sell, you need to show some attractions to the merchants like upgraded processing software, low fees, and some starting out gifts, and so on. There are many merchant processors who don’t offer much, which can make it difficult for the agent to pitch the program to the merchants.
Which will be the best merchant processing company for you to work for?
Now that you know what makes many credit card processing companies a bad choice, you need to become a credit card processing agent of that company which offers great benefits to both their agents and the merchants. One such company is the North American Bancard.
Become a successful credit card processing agent
Unlike most of the credit card processing companies that offer discounts on the credit card fees, North American Bancard diminishes the concept of fee altogether. That’s right; they help merchants avoid fees! Their mantra is simple but highly effective; they transfer all the fees to the customers that use a credit card facility. Now there will already be signage explaining this policy, so the customers already expect to be charged. It is fair to beneficial to the merchant and fair to the customer because the merchant can now enjoy higher profits while the customer pays a small fee for using the credit card option when they could use cash payment.