What if there was a way to build an income stream for yourself that would continue to pay you long after the initial work was done? Nearly every business today works with a credit card processing company to get a merchant account in order to accept credit cards from their customers. If you are the one who facilitates getting that business to work with a particular credit card processing company, you can receive a residual income commission every month for as long as that business stays with that processing company.
Month: June 2018
For years many retailers have thought that accepting American Express was more costly than taking a Visa, MasterCard or Discover card from their customer. It was also more work since American Express required a different application process for approval, and sales deposits settled into your bank account separately from your other credit card sales. On average most businesses see around 53% of their credit card sales volume from Visa, 22% from MasterCard, 21% from American Express and 4% from Discover, so not accepting American Express could directly be impacting your bottom line. If you’re not accepting American Express today here’s why you should think again: