Standard Agent commission from the ISO gross
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  1. #1
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Ryan Shiroky View Post
    wow... honestly, without base, i wouldn't even work for any less than 40%... and if that was the case, that ISO better have some serious leads... i would only take 25% if i was closing for cold callers...
    The thing is that some of the guys that get paid 50% don't get any share of the bankcard residual.

  2. #2
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
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    Quote Originally Posted by sean bash View Post
    The thing is that some of the guys that get paid 50% don't get any share of the bankcard residual.
    i did, 50%... i got half of everything, commission, junk (if any) and CC residuals... if your not paying a salary, that what you have to pay an experienced guy to keep them... especially if your just giving him desk space and some leads to hit... whats to stop him from doing what your doing at that point... it also gives them a vested interest in the performance of the firm, in essence, it makes them a partner...

  3. #3
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Ryan Shiroky View Post
    i did, 50%... i got half of everything, commission, junk (if any) and CC residuals... if your not paying a salary, that what you have to pay an experienced guy to keep them... especially if your just giving him desk space and some leads to hit... whats to stop him from doing what your doing at that point... it also gives them a vested interest in the performance of the firm, in essence, it makes them a partner...
    what'd you get paid on renewals? 50% still?

  4. #4
    Also.. those points can be on the funded amount or the payback.. so you have to make sure and clarify before you get into business with someone.

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