Results 1 to 6 of 6
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06-20-2014, 12:25 PM #1
Advice of revenue split on CC processing
Trying to negotiate a high residual with a credit card processor for clients that we switch over, any advice on decent rate to start off at in our negotiations?
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06-20-2014, 12:33 PM #2
- Join Date
- Jan 2013
- Location
- Berlin, CT
- Posts
- 191
Are you signing with them as an agent or a registered ISO? With CC processing, split usually depends on a few things:
1. how much business you can bring them
2. how much training you need
3. how much of the boarding/service you do internally vs. having them doing it
I've seen splits anywhere from 50-90% on agent agreements. 80-100% on registered ISO programs. The other buy rates are sometimes more important than the split (transaction fees, batch fees, on file fees, etc)
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06-21-2014, 05:36 PM #3
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
Advice of revenue split on CC processing
depends if you want upfront bonus or residual or both. talk to me I have been in processing for 8 years.
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06-23-2014, 12:35 PM #4
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06-23-2014, 12:37 PM #5
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06-23-2014, 12:39 PM #6
- Join Date
- Jan 2013
- Location
- Berlin, CT
- Posts
- 191
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