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12-11-2016, 03:19 PM #6
- Join Date
- Apr 2014
- Posts
- 15
Hey man,
I am an ISO for NPC. I pay my reps an 8X multiple on profitability and a residual split. For example, if you have a deal that earns me $100 a month in residual (depending on our split) you would get an $800 bonus for that account up front. If you have an account where I earn $200 a month as per our split, your bonus is $1600 up front. You still earn your monthly split also.
Basically I allow you to choose your split and I pay you a multiple on what I make on the account. Our team services the account 100% going forward also. To my knowledge I am one of the only ISOs that compensate reps in this manner. Total Merchant Services does as well but they are a bit more complex, they don't pay up front, and they will clawback residuals if the bonus payout was incorrect.
Give me a call if you want to talk about potentially working together. You can reach me at 516-497-9006
Thanks
James
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