Looking to also be an ISO for merchant processing any help?
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    Looking to also be an ISO for merchant processing any help?

    We are business funding ISOs and we are also business consultants for the health and beauty industry, we are looking for maybe an ISO relationship for merchant processing, or a situation where we can split commissions from deals we set up for merchant processing, please email or call/text me at 310-492-3704 or email sales@buytanningsalons.com thank you

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    840

    That is a very crowded space, you can sign up with integrity payment systems as an iso and you'll receive a small commission for the sign up and a SMALL percentage of their monthly fees - but honestly i wouldn't touch that space, merchants change processors like you change your underwear because some sales guy comes in the door claiming they can " SAVE THEM MONEY" on processing... and there goes your SMALL % of the monthly fees - the only guys making money in this space is someone who bought a book of business or the ones that started like 7 years ago - The Merchant processing ISO field is FLOODED !!!!!
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  3. #3
    Senior Member Reputation points: 158630
    Join Date
    Jul 2015
    Posts
    1,202

    That biz is a tough nut to crack. Not knowing your practice's specifics, I'd bet that you could add a lot more value to the broker/ISOs swimming in these waters than they could add to you. Contact a few, give them your value prop, and see what happens.

  4. #4
    Senior Member Reputation points: 2782
    Join Date
    Apr 2014
    Location
    New York
    Posts
    271

    Looking to also be an ISO for merchant processing any help?

    been in the game for 8 years before I got into cash advances. www.frasersfinancial.com is airways looking for iso partnerships

  5. #5
    Member Reputation points: 1336
    Join Date
    Aug 2014
    Location
    New York
    Posts
    61

    Quote Originally Posted by AMERICApital1 View Post
    been in the game for 8 years before I got into cash advances. www.frasersfinancial.com is airways looking for iso partnerships
    ^^^ And we taught Kyle everything he knows. Morning Kyle!

  6. #6
    Member Reputation points: 1336
    Join Date
    Aug 2014
    Location
    New York
    Posts
    61

    Quote Originally Posted by Jstarr View Post
    That is a very crowded space, you can sign up with integrity payment systems as an iso and you'll receive a small commission for the sign up and a SMALL percentage of their monthly fees - but honestly i wouldn't touch that space, merchants change processors like you change your underwear because some sales guy comes in the door claiming they can " SAVE THEM MONEY" on processing... and there goes your SMALL % of the monthly fees - the only guys making money in this space is someone who bought a book of business or the ones that started like 7 years ago - The Merchant processing ISO field is FLOODED !!!!!
    Agree, very crowded. However, we offer ISOs an 80% split on gross revenue. Someone with a vertical or existing book of relationships (mca guys) can build a very valuable asset by leveraging those relationships. That asset, aka your processing portfolio, can then be leveraged, sold, borrowed against, etc. Yes, we do offer buyout options for your portfolio. The reason to consider processing is for the equity it builds, IMO. For example, a small 500 merchant portfolio yields $25K-$30K per month in residuals paid to the ISO. A 500 merchant book can be built in 1.5 - 2 years. The value on that portfolio would be approximately $750,000 if sold or you could borrow up to $150,000 against it. If you factor in the residuals earned while building the portfolio up to the sale of it, the ISO put $450K per year in the bank just for calling people they already work with.

    Info on my company can be found at www.fusion.business. We even board high-risk accounts and offer ACH processing. We can split to MCA lenders, etc.

    Mark
    Managing Director
    mark@fusion.business
    888.345.3053

  7. #7
    http://www.cardpaymentsystems.com/

    Have a book with these guys, they do high risk in house as well, highly recommend, PM if you would like me to connect you to my POC
    You sharpen the human appetite to the point where it can split atoms with it's desire..
    You build ego's the size of cathedrals..
    Fiber-Optically connect the world to every eager impulse..
    Grease even the dullest dreams with these dollar-green, gold-plated fantasies..
    Until every human being becomes an aspiring emperor..
    Becomes his own God

  8. #8
    Senior Member Reputation points: 8447
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    498

    We can definitely help you out. We are a processor and direct lender under one roof. Contact me at your convenience.

    https://www.sterlingpayment.com/
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

Similar Threads

  1. ACH Processing
    By PJLamar38 in forum Payment Processing
    Replies: 7
    Last Post: 06-08-2016, 11:13 AM
  2. ACH Processing
    By PJLamar38 in forum Merchant Cash Advance
    Replies: 11
    Last Post: 04-07-2016, 04:52 PM
  3. Any funders split with Intuit merchant processing?
    By upperlinecap in forum Merchant Cash Advance
    Replies: 3
    Last Post: 11-05-2015, 03:35 PM
  4. ACH Processing
    By MaxAdvance in forum Merchant Cash Advance
    Replies: 29
    Last Post: 06-10-2014, 11:32 PM
  5. Merchant just bought business. 45k/month 25k/month processing
    By jec1521 in forum Merchant Cash Advance
    Replies: 2
    Last Post: 04-10-2014, 02:35 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY