[Ocean Financing]

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?

[GRP Funding]

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?

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)

[AMERICApital1]

depends if you want upfront bonus or residual or both. talk to me I have been in processing for 8 years.

[Ocean Financing]

What do the upfront bonuses consist of?

[Sean Cash]

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?

Benchmark Merchant Solutions is friendly to companies here. They can hook you up with favorable terms and do a lot of the legwork in boarding accounts.

[GRP Funding]

What do the upfront bonuses consist of?

Some processors will pay you a multiple upfront based on the expected residual of the account.