ISO of the Year: North American Bancard: ISO/MSP Sales Agent Partner Programs
There are tons of merchant services ISO programs in the United States that offer good benefits to their agents and merchants. However, there is always someone or something, an uncrowned king that tops everything that others do. North American Bancard Agent Program is that king! They offer loads of benefits to their agents who are out in the field, working hard to win in this cut-throat competitive environment.
And then they also have several benefits for merchants to help them save as much as they can in monthly profits. Both of these things come together in making North American Bancard ISO program the leader in merchant services. If you want to get more information about them or perhaps join the program, we suggest you read this detailed guide until the very end.
North American Bancard or NAB, for short, has been working as a merchant services ISO program for around 28 years now. What started as a small merchant services reseller program in 1992 has now grown into a behemoth with its attractive offers and value provision to both big and small merchants. The North American Bancard program is backed by Bancorp Pank, Pennsylvania, BMO Harris N.A, Illinois, and Wells Fargo Bank, California.
They are a giant ISO that focuses on providing merchants with credit card processing services supplied by Global Payments and First Data. And with headquarters in Michigan, they have employed an in-house team of customer support representatives that directly manage their merchant customers.
They are the parent company of Argus Payments, which is now called Inovio and also Electronic Payment Exchange. Furthermore, they purchased Total Merchant Services in May 2017, but the amount of transaction is not made public. The company also has a mobile point-of-sale (POS) app and a card reader named ‘PayAnywhere.’
Free POS Equipment:
One of the top benefits of working with the North American Bancard Agent Program is that they offer FREE POS equipment. This makes it easy for you to sell the processing plan to businesses. You don’t have to tell your potential customers that the equipment comes for free.
You can use it as a hook to grab their attention because everybody likes free stuff. Once they are listening to you, you can then make your sales pitch.
Lifetime Income Opportunity:
By partnering up with the Merchant Services Reseller Program, you will be getting 50% to 70% residual income depending on the pay structure you choose. Plus, the income will be shared on every revenue stream available, isn’t it great? The best thing about working with the NAB credit card processing agent program is that you will get the true split on interchangeable revenue.
Unlike many merchant partnership programs, there are no hidden losses. As a sales partner of NAB, you will make more in residual income with their 50/50 partnership than you would with any other service provider.
Unparalleled Signup Bonus:
The company takes a result-oriented approach where they provide the agents with a performance-based bonus. Anyone who has brought clients to them who have been working for more than the standard threshold of 4 months will receive the bonus accordingly.
The program is specifically designed to reward experienced salespersons who join the NAB team and quickly learn the ropes of the product and how to sell it. The amazing thing about the program is that its bonus can go up to $20,000 depending on your performance, making it of the most agent-friendly programs.
12x (14x on EPX) Bonus Based on Profitability:
The stream of bonuses doesn’t just end at signing up. You also get profitability-based bonuses with a multiplier of 12. This means the amount of profit you generate for a month will be multiplied by 12, and that will be your bonus, which is separate from signing up bonus. For instance, if the company gets $100 in residual income for a month, then it will be multiplied by 12, so your total bonus will be $1,200.
The max cap of the profitability bonus is $5,000 per merchant at a given location. This makes it a lot easier to make a killing selling merchant services ISO program by NAB. You can easily make $5,000 in just a bonus by selling the program to a merchant processing $45,000 per month.
They Care For Our Customers:
One of the best things about the North American Bancard Agent program is that they do not eat up the profits of their customers. They know their customers are their assets. This means they have devised some strategies to save the money of their customer, which is done by shifting the processing fee to the end-users.
This makes total sense too. If an end-user wants to use the facility the credit card instead of cash, then they should at least pay something to the merchant for providing that option to them. So when they make transactions, the fee is automatically deducted from the customer’s credit card, saving the merchant tons on monthly fees.
NAB has a simple and easy to navigate dashboard called Sales Partner Portal. The agents can keep tabs on their portfolio, track their residuals, bonuses, and transactions. Agents can even see minute details like what their merchant paid for any specific transaction, what the expense was, and how much they earned.
You can also look at the statement provided by the merchant for a detailed comparison. This kind of clear transparency makes it easier for agents to know their progress so they can improve their sales game.
Though NAB is still using First Data and Global Payments as their processing platforms, they have partnered up with the EPX platform as well. With the help of EPX, they can optimize the interchange, allowing them to process a transaction for a lesser fee than other processors.
This is great news for both agents and their merchants as you can help your merchant save loads of money on monthly transactions, which will ultimately make you more money.
Free Website for Lead Generation:
NAB has made it its mission to provide its partners (agents) with any kind of resources they need to make their sales process easier. This includes their conversion-optimized landing page filled with the benefits of getting their payment processing system. The website will display their range of products along with their features and help you generate leads while you are sleeping.
Having this kind of lead generation website is an asset that takes months to develop and hundreds of dollars in web development agency fees. But as the partner of the program, you will get this website readily available to be shown to your potential clients.
Cash Advance Options for Merchants:
North American Bancard looks after its merchants, and one of the ways it does so is with its merchant cash advance lending program. They lend the cash that merchants need for the growth of their business ad then return when they are making a killing.
The program allows funds of up to 1 million dollars, depending on the processing volume of the merchant. This is one of the most lucrative features of this merchant services agent program, allowing you to get more merchants onboard.
Many of the sales job done even provide the options for medical coverage. North American Bancard Agent Program, on the other hand, offers ample resources to its agents so they can have adequate healthcare coverage for themselves and their families at very affordable rates.
This is another feature of the NAB program because they don’t just partner up in profits; they take care of you like a partner really should.
- Their merchant accounts are powered by First Data and Global Payments
- They have terminals for debit and credit cards that support EMV as well as NFC based payment methods
- Their PayAnywhere technology allows mobile payments
- PayAnywhere technology also supports the storefront POS system
- Automated chargeback mitigation
- Web-based terminals for agents to access their specifics without the need for downloading any software
- Detailed reporting and analytics on the portal
- Lucrative signing up bonuses along with profitability bonuses
One of the best ways to make a killing being a merchant services agent is by working with the North American Bancard Agent Program. They have great bonuses, excellent software infrastructure in place, health benefits, detailed reporting on dashboards, and FREE POS equipment for merchants.
All of these benefits attract both the agents and the merchants, and that makes NAB one of the most successful merchant services ISO agent programs in the U.S. So if you also want to get on board, feel free to visit their website and get started from there.