North American Bancard agent program recommendations and merchant services business opportunities? Merchant services go beyond payment processing. Payment processing is the backbone of merchant services, encompassing the entire process of transferring payment from buyer to seller. This includes the payment device (the POS system), the payment software, the security software that protects the transaction data the payment record, and the transaction itself. Merchant services go beyond just debit and credit card transactions.
Make sure you ask about all other fees upfront as well: Fixed transaction fees – are they charged for declined transactions as well, are there any contract cancellation fees, minimum monthly invoice, how much is the setup fee and if it has to be paid upfront, is there any additional annual and monthly fee, how much will you be charged for every statement and bank wire, and very importantly what are the chargeback, retreival and refund fees. You may know that you will get your funds but you also need to know when exactly. Every credit card processing provider and acquiring bank will have different remittance turnaround times. It mainly depends on your risk category and the type of merchant account setup – for example, a direct MID setup where acquirer is paying you directly means less time because there’s no need for funds to reach the Processor company first and then be forwarded to your bank account.
Every merchant can agree that customer experience is a key factor in the expansion of any business. However, one of the identifiable points in brand abandonment by customers that employ online payments methods is the risk of frauds and other forms of breaches. With technological advancements at their peak, it is getting increasingly difficult to keep out unwanted hands from businesses. One of the advantages of electronic payment system enabled by innovative technologies such as Blockchain technology is the ability to track customer’s behavior and flag anomalies through transparency and data tracking.
Fast Start Bonus: North American Bancard monitors your first 4 month as an agent and gives you a production bonus based on how many accounts you write. To obtain the max bonus you must put in 100 accounts. Free POS Equipment: North American Bancard offers an entire line up of free POS products. In fact it is the largest options of free equipment in the industry. Activation Bonus: North American Bancard pays an activation bonus of $500. Once you sign a merchant up on the EPX platform you will receive an upfront bonus of $500. Read more information on North American Bancard Agent Program.
