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06-06-2013, 10:22 PM #1
what do they provide you? leads? work office? training? If the average deal is $25K for example, and, a commission is 10 points on $25K, thats $2500 your ISO gets, and, you get $500 of that $2500.
what about RENEWALS?
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06-06-2013, 10:54 PM #2
Reputation points: 10
- Join Date
- Jun 2013
- Posts
- 26
Finance1 and MCAVeteran, thanks for the feedback. Yes, the value they provide (from they're perspective) is all of the above; full leads and marketing (online/search, print, radio), office space, training and marketing events and sponsorship. I'd get renewals as well, the only thing I'm not sure about after reading these posts are the merchant account residuals.
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06-07-2013, 11:04 AM #3
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
If the ISO is providing all of these things, then 20% of commission is more than fair. You'll receive invaluable training and have an opportunity to learn this industry inside and out. What good is keeping 100% of the commission if you're clueless about the industry? 100% of zero is still zero!