Merchant payment processor agent oppty - what should I ask before signing up with UBC or 1 of their iso’s?
I am looking into becoming an agent for United Bank Card. They are a merchant payment processor….http://www.isoprogram.com/why_ubc/
I would like to know the following:
1) is it still a good oppty to go out and sell and secure new merchant credit card accounts if so why
2) what questions should I ask any merchant processing company I or ISO I am considering working with regarding compensation, my portfolio of new accounts i bring in which is my book of business or my business i build up
4) What are the advantages or disadvantages of working directly with UBC as a agent Versus an ISO or under another agent
5) If i go work with an ISO or under another agent what questions should I ask him
6) If i go work with an ISO or under another agent I am concerned my compensation and accounts i sign up, since i do not know how this works what should i be asking about compensation, accounts that I pick up are they his or mine, can i sell them off at some point etccc
7) what should I be getting paid on new accounts and how when i am selling credit card machines and opening new merchant accounts not sure what is considered good fair or excellent compensation
what should i be thinking about when trying to decide with which merchant credit card processor to work for, need to know how to determine whom would be a good company to tie up with since I will be building a residual income from the accounts i bring to them concerned about getting hurt in terms of the accounts i secure which is my book of business and whether I can sell it off or whatever not sure of what I should be asking myself concerning this area, need to know what is it exactly I should be asking them when it comes to any new accounts i bring in related to credit card merchant accounts, pos systems, atm’s…
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One comment
Michelle S on September 9, 2009 at 6:24 am
I’m an ISO for UBC on my spare time. It’s one of the best companies I have worked with yet. Their pay outs are generous and their support staff if helpful. It is a good company because I have been working with them part time for over a year and I haven’t had any problems with them at all.
You will want to know what the residuals they are paying you are, how and when you will be paid them. And when your life time residuals kick in.
What state are you in? I know someone in the business I could refer you to, that could answer these questions for you real well.