One of the first things you are going to need to consider when you start your journey in the payment processing business is what ISO you are going to work with. Whether you are planning to become a sales agent or an ISO yourself working under a larger company, it's important to examine all of your options. If you're not cautious, you might find yourself signing up for a bad deal or even getting scammed out of your residuals.
So which is the best program to sign up with? Well, the short answer is that there is no “best” program for everyone. Each ISO is different, and so is each sales agent. Everyone has different goals, and so it's important to find a company that will be a good fit.
However, a lot of agents are seeing huge success working with Shaw Merchant Group. We offer the highest commissions and residuals, and are a great choice if you're a beginner in this field. Shaw Merchant Group has a diverse amount of products and services that you can offer to many kinds of businesses, so you don't have to worry about turning away merchants just because they work in a certain industry or are considered “high risk.”
We are one of the best in the country and we have relationships with many different processing banks, which allows us to be versatile with the kinds of businesses that we accept.
Is Your Merchant High-Risk? No Problem!
Competition is a great thing for customers in a free market, but it certainly reduces profit margins for providers. One way that credit card processors can stand to increase their profits is to expand their range of customers and get into the so-called “high-risk” arena. Indeed, working with overseas customers or customers who run businesses in tobacco, alcohol, or adult industries can be a bit riskier, but the revenue can also be substantially higher. Many times, merchants who are seeking a high-risk account have already been rejected when applying for normal merchant accounts, and they will be more than happy to work with you. Signing up with us, you don't have to turn away merchants in this extremely lucrative niche!
How Much Can I Make?
We offer residuals and splits that are similar to what you might encounter if you approach a large ISO directly. The draw here, though, is that Shaw Merchant Group allows you to work with many different processors, and greatly simplifies the process of becoming an agent. You won't have to sign up with a dozen different ISOs just to have a decent amount of options.
Here are some of the great advantages of using our partner program: