Just a friendly reminder that this week still qualifies for the extra $100 upfront money for the Holiday Bonus!***********
All complete applications submitted by December 20th qualify for the EXTRA $100 bonus!
If you have any cost comparisons that you still have not followed up with now would be a great time!
Many merchants like to start fresh the new year! If you get your apps in this week they will have their equipment by January 1st!
From the ? Box:
Barb, I have an agent who signed up several days ago and does not show up in my interface yet. I know that we have to pass background checks but what could be the snag? These are good people.
Answer: Dear sponsoring Agent, we have learned today that the number one reason anyone doesn't show active is because there was no social security number submitted. Most people do pass the background check -- it's very rare when someone doesn't -- but it's necessary that there is a personal tax ID number... Not a corporate one, even if the Agent is a corporation.
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When We Say Big, What Are We Talking About, or, HOW BIG IS BIG?
BUSINESS INSIDER,
June 24, 2015 10:44 AM Eastern Daylight Time
General purpose and private label credit, debit, and prepaid cards generated $5.165 trillion in payments for goods and services in 2014. Processing fees, including interchange paid by U.S. merchants to handle that business, were $78.09 billion, up from $72.44 billion in 2013 when fees were $4.768 trillion, according to the annual report on U.S. merchant processing fees published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries.
"Fees merchants pay to process card payments rise annually because Americans use their credit, debit, and prepaid cards more each year," comments David Robertson, Publisher of The Nilson Report.
Debit cards settled on the Visa, MasterCard, and PIN-based EFT system networks generated $2.279 trillion in purchase volume in 2014, and accounted for 44.1% of all spending on goods and services. This was down from 44.7% one year before. Debit cards generated $16.72 billion or 21.4% of the total processing fees paid by merchants in 2014. Debit cards accounted for 21.9% of all card processing fees paid by U.S. merchants in 2013.
About The Nilson Report***************
The Nilson Report is a highly respected source of global news and analysis of the card and mobile payment industries. The subscription newsletter provides rankings and statistics on the current state of the industry, as well as company, personnel, and product updates. David Robertson, Publisher of The Nilson Report and a recognized expert in the field, is a frequent speaker at industry conferences and is regularly quoted in publications worldwide. Over 18,000 readers in 90 countries value The Nilson Report.
This report is found in Issue 1,065, published June 16, 2015. Contact Lori Fulmer at lfulmer@nilsonreport.com for a complete copy of this newsletter.
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