| Q |
How can the company afford giving away 100% above interchange pass through profits? |
| A |
We've implemented an efficient, robust infrastructure which gives us the ability to return more direct revenues back to our independent sales offices. |
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| Q |
How many payment processing companies offer this type of pricing? |
| A |
As of today, we're the only payment processing company offering experienced ISOs and Agents this one-of-a-kind direct deal. |
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| Q |
What are the primary associated fees for receiving the 100% Interchange pass-thru pricing? |
| A |
We charge only a fixed, nominal fee for using our system. |
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| Q |
Is there always a BIN sponsorship and assessment fees? |
| A |
All merchant acquirers pay BIN sponsorship and assessment fees to their sponsored banks. When there's a bank, there's always BIN fees. Merchant acquirers can recuperate these minimal costs through profits earned from their revenue sharing or buy rate programs. |
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| Q |
What are the common pricing programs available for sales offices or agents? |
| A |
The two common programs available to sales offices and agents are Interchange Split Revenue Sharing Programs or Buy-Rate Programs. |
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| Q |
What is Interchange Split or Revenue Sharing Program? |
| A |
The ISOs/MSPs offer sales agents their true-cost interchange pricing but require a split in revenue streams. This equates to impartial revenue streams earned and a lesser valuation of accounts during portfolio sales. |
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| Q |
What are the current Interchange Rates? |
| A |
Interchange pass-thru's are standard rates that card associations (e.g., Visa, Mastercard, Amercian Express, Discover, etc.) pass through to all banks and processing companies. |
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| Q |
What is a Buy-Rate Program? |
| A |
The Buy-Rate Program offers agents a flat rate comparable to the current qualified, swiped rates. The agents do not earn any other revenue streams. For example, agents get marked up on transaction fees, mid-qualified, or non-qualified rates. They also cannot generate other revenue streams such as retrieval fees, chargeback fees, statement fees, voice authorization fees, etc. |
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| Q |
Are we entitled to include the reserve balance during portfolio sales? |
| A |
Yes. |
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| Q |
Do we have access to adding, removing, or updating merchant account information anytime? |
| A |
Yes. Our sales offices/agents have complete access to the management and monitoring of their accounts. |
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| Q |
Is a reserved balance required? |
| A |
A reserve is only required on our 100% High Risk Program. This is to safeguard you against any liabilities such as chargebacks and insufficient funds on the accounts. A reserve balance is not required for the 100% No Liability Program. |
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| Q |
Which merchant accounts can we approve? |
| A |
We can approve a majority of the accounts available in the market today. |
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| Q |
What are the primary associated fees for receiving the 100% Interchange pass-thru pricing? |
| A |
We only charge a low, fixed nominal fee for using our 100% ISO Program system. |
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