Showing posts with label iso. Show all posts
Showing posts with label iso. Show all posts

Friday, June 2, 2017

The Dance Process

A little research on the career path of being a merchant card processing sale agent (full time for a major processor or ISO) yields this information (from an employment website):

"Everything pales in comparison to where the real money is made when you sell credit card processing - RESIDUALS.

What are residuals?  Every time one of our clients runs a credit card through their merchant account we make a percentage of the sale.  (This may be anywhere from a few pennies to a few dollars.)  This is paid to us for as long as the client is processing credit cards with us.  The  sales rep who brought the client to us earns a split of this income. So EVERY TIME the business swipes a credit card our sales representative is making money.  This is residual income.

How could a few pennies or dollars possibly add up to a $100,000 a year income?  If our rep brings 15 clients to us every month (less than 4 a week) at an average profit of $50 per client per month to the rep they are increasing their MONTHLY INCOME by $750.  After 12 months of hard work they have increased their monthly income to $9,000.  

This is the equivalent of $108,000 a year!  Now imagine if you put in that type of hard work for a few years?  We like to say that it is totally possible to make a million dollars when you sell credit card processing -  you just have to do it $50 at a time!"

Guys, this is talking about you being hired to work full-time for a processor ISO and work BY YOURSELF.

Imagine what you can do with Digital World, part time, and having a team of others doing the same thing that leverages your results!

WHATTAREYOUWAITINGFOR?

Image result for what are you waiting for quotes

Put on your red dress, baby,
And wear your wig hat on your head!

Time to quit sitting and start dancing!






Thursday, April 23, 2015

Heartbeat of world economies

Some payment industry forecasts from Business Insider Mag:

  • The ecosystem for credit- and debit-card processing involves a complicated set of players interacting to process every transaction. Five types of players are involved: acquirers/processors, issuers, card networks, gateway providers, and independent sales organizations (ISOs). 
  • To process a typical transaction, three steps must occur: authorizing, batching, and funding. Each participant in this process takes a fee off of the total volume of a transaction. The remainder is deposited in a merchant's account.
  • Three trends will shape the payment-card-processing ecosystem from 2015 onward: the EMV security migration, rapid development of new payment technologies, and the massive card-fraud problem in the US. While none of these developments will completely upend the incumbent system for processing payments, each will disrupt key players. 
  • The mobile point-of-sale (mPOS) is going to have a massive impact on the payments-hardware and payments-software industry. By 2019, we forecast that nearly 80% of US retailers will have implemented a mPOS device. The move to mPOS will continue to put pressure on hardware providers that compete directly against mPOS devices, as well as ISOs that sell legacy devices to merchants.
  • While the payment-card-processing system as a whole isn't in danger, the proliferation of mobile devices will have a significant effect on the way we pay. 
Can you find us?  We are an 'iso'...

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