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  1. #1

    Credit card processing

    Have a lot of deals that take credit cards. Which company would be the best for me to broker these deals for them to switch their processor. And get residuals. A trustworthy company?

  2. #2
    Member Reputation points: 156
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    A few that I like are Transfirst/TSYS, Cayan, and CDG Commerce (CDG may not be the strongest on price, but they have an excellent reputation).

    When signing up with a processor, keep in mind that you need to truly understand the commission structure. Many processors out there will throw out that they pay 80-95% residuals. That said, you may be better off going with a processor that only pays 50-70% residuals, because your par pricing is much lower. Just as an example, I had a processor tell me they pay 90% residuals on anything over par pricing. Their par pricing on their per item fee was at $.09, which is a terrible starting point for you as a broker. Most of the accounts we place rarely exceed $.15 per transaction, and are typically closer to $.10 per transaction. This is only one side of the coin as you also have your discount rate. I would encourage you to stay away from any processors that try to make you sign exclusivity (other may disagree with me on this). Good luck!

  3. #3
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    Quote Originally Posted by fundnow View Post
    Have a lot of deals that take credit cards. Which company would be the best for me to broker these deals for them to switch their processor. And get residuals. A trustworthy company?
    We can set you up with two processors for credit card processors.
    It is not always necessary to switch cc processors, we represent a Direct Funder for the purchase of future credit card sales.

  4. #4

    Credit card processing

    Integrity payments

  5. #5
    I agree with Sam. Go with Integrity, the commissions are not as good but they split with almost every direct funder which will give you more options moving forward.
    Andrew Roberts
    Merchant Cash Group
    212 532 9200
    andrew@merchantcashgroup.com

  6. #6
    Senior Member Reputation points: 4429
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    We are a processor and direct lender, have been providing MCA's since 2005. We have a great in house team that assists our ISO's in setting up the processing/funding and maintaining the relationship.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions
    Exclusively funding credit card split deals since 2005
    Desk 813-371-8233 Mobile 727-492-8812
    Jason.Hausle@quikstonecapital.com www.quikstonecapital.com


    100% Direct Lender

  7. #7
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    My company can help you. Please call me (862)888-3235 Thomas

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