North American Bancard agent program tricks and merchant services business opportunities by ShawMerchantGroup? The North American Merchant Services Agent Program offers the features you’d find with any large merchant’s services provider. They offer both eCommerce and retail programs, but their bread and butter is the retail program. North American Bancard provides free equipment with both chip and NFC-payment options. The ‘free’ component of the program, however, usually comes with strings, as it would anywhere else. Pay close attention to your contract to see what it means, such as free as long as you keep your services with North American or free as long as you sign a terminal lease.
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.
Data security: According to Wired magazine, fears about data security is the number one factor that keeps customers from adopting mobile banking. That’s why solid data security is a must-have merchant service. Buying vs. leasing merchant services equipment: If your business occasionally needs a physical POS system or credit card terminal, look for a merchant services provider that offers equipment leasing. However, if you’ll be using the terminal on a regular basis, it’s almost always a better value to simply buy one. A good merchant services provider will be able to advise you on what’s the best option for your individual circumstances. See even more information at https://www.shawmerchantgroup.com/north_american_bancard_agent_program.
The ability to identify customer’s payment behavior through IP address tracking and review any abnormalities in the system is one of the perks of the input of technology in online payments. Today, customers and merchants are now protected from various security breaches like hacks and fraud through fast detection by these advanced automated systems. Ultimately, data transparency is essential in ensuring better profit maximization and conversion rates. The ability to customize payments protocols to track down fraudulent schemes and locations is important for better conversion and revenue generations.
Top Benefits of North American Bancard’s Agent Program: Lifetime Residual Income. Earn residual income on merchant accounts placed with North American Bancard. Agents have a buy rate of 1.5 cents over interchange. Anything over this is profit and that profit is split 50/50 with North American Bancard. With North American Bancard Agent Program you will receive the most aggressive residual split in the industry. Be careful of other processors that offer a higher residual split. Read extra info at https://www.shawmerchantgroup.com/.