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10-17-2018, 06:20 PM #1
- Join Date
- Aug 2017
- Posts
- 405
70%
Is 70% net income a good residual income on a contract with a CC processor?
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10-17-2018, 07:40 PM #2
- Join Date
- Nov 2013
- Posts
- 598
Yes its not bad, but the question really is what is your interchange costs for standard to high risk clients, card not present or dipped. Do they offer terminals for you, whats their support system like?
70% split on upsold costs really could be much less in your pocket. Who is the processing company?
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10-18-2018, 04:07 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,943
Depends on the Schedule "A" the processor provides you. FYI - Interchange Costs are the same across the board, take a look at your BIN FEES, Batch Out, Monthly Fees, etc. What is your target market, Retail, MO/TO, E-Commerce, what is your high ATA, Monthly Volume Limit before the merchant is considered high risk, , etc. What type of reporting do they provide for you and the merchant. You have to look at the overall picture. I'm direct with TSYS. Call me if you wish to discuss.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial