High income North American Bancard agent program 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.
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.
Get detailed reporting with North American Bancard’s portfolio management tool. This sales tool allows you to track merchant account transactions down to the penny. The Best Sales Support: North American Bancard’s sales support team is the best in the merchant services industry. You get a dedicated support agent to assist you with any day to day needs. You will also have industry veterans to help you along the way with any really difficult situations. If you have questions or want more details on the North American Bancard Agent Program contact Shaw Merchant Group at 855-200-8080. See extra details at North American Bancard Agent Program.
