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  1. #1
    Senior Member Reputation points: 44171
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    70%

    Is 70% net income a good residual income on a contract with a CC processor?

  2. #2
    Senior Member Reputation points: 23085
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    Quote Originally Posted by Mynameisbob View Post
    Is 70% net income a good residual income on a contract with a CC processor?
    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?

  3. #3
    Senior Member Reputation points: 81655
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    Quote Originally Posted by Mynameisbob View Post
    Is 70% net income a good residual income on a contract with a CC processor?
    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



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