Results 1 to 8 of 8
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08-06-2016, 12:50 AM #1
- Join Date
- Jun 2015
- Posts
- 32
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
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08-06-2016, 04:00 PM #2
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
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08-06-2016, 07:11 PM #3
- 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.
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08-06-2016, 11:47 PM #4
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
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
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08-07-2016, 10:21 AM #5
- Join Date
- Aug 2014
- Location
- New York
- Posts
- 61
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08-07-2016, 10:51 AM #6
- Join Date
- Aug 2014
- Location
- New York
- Posts
- 61
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
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08-08-2016, 09:53 AM #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 POCYou 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
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08-08-2016, 11:36 AM #8
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
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
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