Merchant Services

1. Can someone recommend a good merchant services company for a small business?

Try Bank of America.....

2. Can anyone recommend a company for wireless merchant services?

This link below will give you a Free wireless terminal. Tell them you want the free terminal program though. Do not lease or buy your equipment! The leases are a rip off. And why buy it if you do not have too. They give you free training,no annual fees, no start up cost, no application fees, low discount rate, and low transaction fee. They beat all quotes from other companies. I tell everyone about them. I did research on this for a long time and they are the best. Call them up or fill out the form and they will call you. Read all contracts before you sign them.Sometimes people tell you things that just are not true- just to make money off of you.Take care of your self and your business! :-) Best wishes and congratulations on your business!

3. How do you attract merchants to your merchant services website?

hire a marketing consultant...

4. How do I link to products on my site to the online store (cart) using Yahoo Merchant Services?

create a geocities site and post your products there and link it to yahoo store

5. Bank of America Merchant Services rates?

bank of america has fees for every little thing..i dont recomend it...

6. Does anyone have any feedback on the reliability and rates offered by Quickbooks Merchant Services?

http://www.quickbooksgroup.com/webx/forums/Online%20Services/merchant/

7. I am looking into selling merchant services?

Leasing credit card terminals is a great way to make large chunks of cash as the lease prices for credit card terminals are insane. Conversely sales agents that lease terminals are seen as evil even within the industry because of how leasing equipment really is a rip-off to the merchant. They're also getting harder to do because of how inexpensive credit card terminals have become thanks to eBay and the Internet. Free terminals make for a very attractive offer when selling your service. The only real obstacle you have to overcome is merchants who find it to hard to believe that you actually would give them this fancy expensive terminal away for free. Nowadays the free terminal offer is the way to go as it will allow you to sign up more merchants which will get you what you really are after: the residual income from their processing. In the end that always is what makes you the most money. It keeps adding up whereas a lease has a high up front payout but never pays again.

8. Can you really make money selling merchant card services?

Yes you can. But it is not an easy work. You have to know business owners -- which is not that easy to do. You can't just go into a nail salon or restaurant or dry cleaner and ask them to change their credit card merchant provider. Many businesses are against soliciting, so you'd be turned away from the door. The business owner must be familiar with you, know you, or you must come in highly recommended. If you have contacts with a lot of business owners -- e.g. you are a member of a business networking group -- then My husband used to have this business, and getting restaurant owners to shift their credit card processing takes a lot of dining and wining in that restaurant - just so the people and the owner get to see your face (they are more likely going to give you the business if you are their loyal customer). When you go into this business, find a provider that will pay you even if you have no sales for that quarter. For some companies, they stop paying you your residual commission from all your closed accounts if you stop giving them a new account that month or quarter. Choose a company which you know offers good rates, and you can talk to in the event that the client needs help with their processing. Or if they are active in one location (e.g. Atlanta), then make sure you tap other markets otherwise you'd be competing with all their other reps. Note though that your income depends on the sales volume of the client. And to win their business, you have to offer a lower rate compared to their current provider -- which means that your commission will be lower as well. To earn good money in this business, you need a LOT of accounts.

9. Has anyone started an ISO in the merchant services industry? How does it work? Can you make good money?

Hi, I work for a registered ISO/MSP for Visa and MasterCard (five and a half years now) and have done sales so I speak from experience. The first thing you need to know is it costs $10,000 to register as an ISO/MSP and then it costs $5,000 per year after that to stay registered. You need to make sure you make enough money each year to cover that cost. You can make good money but it won't happen right away. The real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio. As you build your portfolio your monthly income will grow accordingly. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won't be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 - 8 merchants per month. Of course, your goal is to have as many merchants as possible in your portfolio and to land as many big fish as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you. If you plan on soliciting merchants directly a work week is never less then 40 hours if you hope to keep generating leads. You'll be spending half of your time generating leads and the other half making your sales pitch to the leads you have generated. Competition is fierce and merchants are reluctant to switch so don't be surprised to be turned down frequently. If you plan on having sales agents work for you you'll need to create a program for them with buy rates and residuals. You'll need to have the infrastructure in place to make sure you keep their information organized as they will leave you quickly if you aren't on top of everything. Their livelihood depends on you. I run the site below if you need to verify my knowledge.

10. What other merchant services can I trust other than Paypal?

Pay Pal can't be trusted.

11. I'm looking for a recommendation of a good merchant services company.?

Costco has a very cost effective merchant service program.

12. Does anyone use propay merchant services?

I use propay for my home based business, you can use it over the phone or their website, I usually write the cc info on the customers receipt, such as cc#, expiration date, ccv# from back of the card, you will also need their zip code this helps with verification (actually best to use customers entire billing address). If you use the trial package for processing, it's a little pricey when you process the cc, and it is a flat fee when you transfer to your bank account. I usually wait until I have more than one transaction before I will transfer to my personal account. The only thing I don't like is that it normally takes 2-5 business days before you can transfer funds to your own account then there is another waiting period for that. For example I processed a card on July 14, it was available for transfer on July 18, and was in my personal account on July 21. If you can deal with the fee's they charge and the time frame to wait on it to be available to you then I would go with them.

13. Have you ever sold merchant services? Equip, software, and service for bus to accept credit cards?

Hi, I work for a registered ISO/MSP for Visa and MasterCard (six years now) who operates in this manner so I know what you're in for. You definitely can make good money doing this if the commission structure is good and they make sure the phone keeps ringing. The fact that they give you a base salary is good as you are at least guaranteed some kind of income. Your only real challenge then is to make sure you close the deals. My advice to you is to keep it simple. Since they are doing all of the advertising for you you can play off of it (basically just re-explain/reiterate the offer) and not have to worry about having a complex sales technique. Definitely keep it simple. The more you explain to a merchant the more confused they will be. If they ask you questions, answer them. But don't try to teach them about merchant accounts. You'll lose them every time. Basically keep it simple, and be consistent. If you do you will be successful and make good money. I did. I run the site below if you need to verify my knowledge.

14. Has anyone ever used LinkPoint merchant services?

LinkPoint is owned by First Data Corporation which is the largest merchant account provider in the US. LinkPoint is the brand they sell their equipment and software under. They usually sign up merchants under their CardService International brand which does not have a great reputation because not too few of their sales agents are not very honest and CardService does not do a good job of controlling them. That aside, they don't stand out as being better then average but do have some things you need to watch out for: 1) They do require that you sign a contract to stay with them for at least three years. That means if you are unhappy with them if you try to leave before the contract has run its course you have to pay a cancellation fee. Their cancellation fee is very high. 2) They charge a monthly minimum fee. This means if your business does not process enough credit cards they will charge you an extra fee for being to small. 3) LinkPoint terminals only work on the First Data platform. There are several processing platforms that credit card terminals can use to process credit cards. By being limited to only that one you are forced to find a provider that has access to it. That means less choice for you and it will be more difficult to get a great plan. It also means if you try to leave your processor that supports it you'll have a harder time finding a new company. Be sure to shop around and see if you can find a provider who can connect to the First Data platform for you without locking you into a contract or charging you a monthly minimum fee.

15. How many Payment Processing services for a merchant account?

Well, it is better to have all the possible payment processing methods available namely; credit card, debit card, check, electronic check, and wire transfer. If you can offer all of these, then, you can cater to all the needs of merchants. I also, suggest that you offer unlimited volume transaction so you can cater to high volume businesses. Ideally, you've got to offer five.

16. How Many Words Can You Make Out Of BA Merchant Services?

vice serve bar march met mat math verse chant chart vent um...this could take all day

17. Is merchant services a good thing to sale?

Hi, I work for a registered MSP for Visa and MasterCard (five and a half years now) and have done sales so I speak from experience. You can make good money but it won't happen right away. The real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio. As you build your portfolio your monthly income will grow accordingly. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won't be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 - 8 merchants per month. Of course, your goal is to have as many merchants as possible in your portfolio and to land as many big fish as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you. A work week is never less then 40 hours if you hope to keep generating leads. You'll be spending half of your time generating leads and the other half making your sales pitch to the leads you have generated. Competition is fierce and merchants are reluctant to switch so don't be surprised to be turned down frequently.

18. Can you relly make money in Merchant Services. I am going to work for Abn-Amro Merchant Services?

It is not an easy business to get into. You have to know a lot of business owners who will be willing to listen to your sales pitch. The process of courting them to switch to your provider can take a long time - they need to first know you, develop a relationship with them, even going to their restaurant to eat several times if you are targeting restaurant owners. You need to be a familiar face to them - before they take out their merchant account statements from which you can compute the savings they will get by switching to you. It is a business where you need to be always out and on the move, always networking. If you are good at sales, then go for it. The money was not as high as we first expected, and look at your contract with them. Some companies stop your recurring earnings if you become inactive in a quarter (if you decide to just sit out and wait for your monthly commissions)

19. credit card and merchant services?

Hi, I work for a registered MSP for Visa and MasterCard (five and a half years now) and have done sales so I speak from experience. You can make good money but it won't happen right away. The real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio. As you build your portfolio your monthly income will grow accordingly. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won't be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 - 8 merchants per month. Of course, your goal is to have as many merchants as possible in your portfolio and to land as many big fish as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you. A work week is never less then 40 hours if you hope to keep generating leads. You'll be spending half of your time generating leads and the other half making your sales pitch to the leads you have generated. Competition is fierce and merchants are reluctant to switch so don't be surprised to be turned down frequently.

20. Merchant Services...is this a good career?

Hi, I worked for a registered ISO/MSP for Visa and MasterCard (six years) and have done sales so I speak from experience. The first thing you need to know is it costs $10,000 to register as an ISO/MSP and then it costs $5,000 per year after that to stay registered. You need to make sure you make enough money each year to cover that cost. If you don't want to pay that kind of money then you have to be a sales agent for a registered ISO/MSP. That means you have to operate under their name and work from their buy rates which be higher then if you were your own ISO/MSP (so less profit for you). You can make good money but it won't happen right away. The real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio. As you build your portfolio your monthly income will grow accordingly. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won't be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 - 8 merchants per month. Of course, your goal is to have as many merchants as possible in your portfolio and to land as many big fish as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you. If you plan on soliciting merchants directly a work week is never less then 40 hours if you hope to keep generating leads. You'll be spending half of your time generating leads and the other half making your sales pitch to the leads you have generated. Competition is fierce and merchants are reluctant to switch so don't be surprised to be turned down frequently. If you do register as an ISO/MSP and you plan on having sales agents work for you you'll need to create a program for them with buy rates and residuals. You'll need to have the infrastructure in place to make sure you keep their information organized as they will leave you quickly if you aren't on top of everything. Their livelihood depends on you. I run the site below if you need to verify my knowledge.