NorthAmerican Bancard agent program guides and merchant services careers in 2023: When you present True Dual Pricing to your prospective clients instead of a ‘price increase’ or ‘fee added’, you no longer get the objection that the merchant’s customers won’t like it, or that the rate is too high. Everybody wins. NAB is so committed to keeping our ISOs, agents and resellers informed. Every time a merchant calls NAB, Agents receive an auto -responder via email with ticket # describing the merchant’s concern and how it was resolved. This customer care software has proved invaluable in retaining customers. Find more info at how to become a digital payments agent.
The payments market is not only one of the largest globally but undoubtedly one of the most progressive. With a total $1.9 trillion valuation by 2017 and an expected robust performance in 2019 according to a report by Mckinsey, it is evident that the global payments industry is shaping up to be one of the most powerful. The report indicated the role of technological evolution in this advancement. Not surprisingly, the advent of innovative technologies has played a prominent role in expanding the payments market by developing and refreshing strong payments strategies to give companies in this variation an edge.
With the true up bonus you will get up to $5000 for each merchant account based on the monthly profit. Here is a basic example: if the profit for NAB on an account is an average of $100 you would earn a total amount of $1400 (Average over 3 months of processing). Since North American Bancard already paid an upfront activation bonus of $500 you would be paid an additional $900. Keep in mind this is paid out after 90 days. Also if you’re selling merchant accounts that are not profitable NAB will retract the upfront bonus.
It is not easy to read a customer’s mind or the unique needs of one’s customers, however, it is important to anticipate their requirements. In targeting cross-border customers, it is important to understand that some may not be familiar with the online payment system integrated on the shopping sites they venture. To them, shopping on foreign sites can be arduous especially when it does not tally with their local payment methods. As a result, many customers abandon their shopping carts when the payment methods they prefer to use are notably absent on the website.
Merchant services in the era of COVID-19? We’re seeing a fundamental shift in the way people pay-cashless transactions are now the norm, and the less contact, the better. As you begin to resume operations, you need to be ready to accept payments the way your customers want to pay, whether it’s via online, mobile, over the phone, or curbside. The right merchant services provider can help you easily implement a flexible, contactless payment solution that meets your customers wherever they are.
Integration: For any ecommerce business the shopping cart is the most important piece of the puzzle. So you probably aren’t willing to change the software and you want to ask the provider how will you be able to integrate with their payment gateway. Many providers will have pre-made plugin modules for the popular shopping cart applications, ask them if they have one for yours because this means you can be integrated with a click of a button. Alternatively if there’s no plugin available every provider will give you their gateway integration API guide. You’ll then need a help from a moderately skilled developer in order to integrate your website with the API. Good to know – outsourcing such job normally costs around 200-500 EUR.
Do you have potential clients tied into a contract with another merchant services provider? North American Bancard offers Early Termination Fee reimbursement. This makes your job selling merchants on the program that much easier. Gone are the days of merchant enrollment delays, putting merchants on hold for weeks at a time. NAB offers a streamlined online program called Simplified Enrollment that completes the project in days rather than weeks. Read extra info at https://sites.google.com/view/merchant-services-iso-agent/home.
What is Zero-Fee or Cash Discounting Solution? Also known as the cash discounting program, the zero-fee solution works wonders for both agents and merchants. With this method, you will offset any fee paid by the merchants on to their customers. Since the fee is usually in cents, each individual customer won’t mind paying it as they are using the credit card facility. However, if the merchant pays this fee on every transaction, then it can accumulate up to hundreds of dollars on a monthly basis.