Residuals and Bonuses
Flex Pay is a new way for you to get big cash for your merchant accounts. With Flex Pay, you get to choose how you are paid each time you send an application in. You have the choice between getting paid off of your current high residual split or on our new 50/50 interchange split with up to $600.00 per acount.What Are The Advantages Of A Large Upfront Bonus?
- Pays for internet advertising
- Pays for inside sales reps
- Gives you cash in a hurry
- Great for new reps transitioning into the Merchant Services Industry
What Are The Advantages Of A Large Residual Split?
- Builds a strong residual portfolio
- Pays for outside reps you split residuals with
- Great way to work towards retirement
What Are The Advantages of Having Both?
Now you have the advantags of both programs all in one place. 1st National Merchant Services is the only ISO able to offer you this kind of choice on every application you submit. If you have outside sales reps and inside sales reps, now you can pay them each according to the appropriate bonus or split. If you are currently on a high upfront bonus plan and want to start working towards a higher residual split plan, now you can gradually move in that direction. The possibilities are endless and now you have it all in one place!How Does The Large Upfront Bonus Work?
1. Production BonusThis part of the bonus is based on your previous month's approved/activated application count. So, the current month's production bonus is based on how many apps you got approved and activated last month.
4 or less apps in the previous month = $100.00 per app.
5 or more apps in the previous month = $200.00 per app.
2. Reprogram Bonus
In addition, we pay you $100.00 per approved/activated app if you do not buy a terminal or order a free placement from us.
3. Processing Bonus
Finally, you will make even more money after your merchant processes for one full month!
$10,000.00 - $25,000.00 ----> $100.00 bonus
$25,000.01 - $50,000.00 ----> $200.00 bonus
$50,000.01 or more ----> $300.00 bonus
4. Residual split
You get 50% over Interchange Cost.
*Processing bonuses are paid with residual checks.
How Does The Large Residual Split Work?
1. Conversion BonusYou get $75.00 if the account has a conversion.
2. Residual split
You get 75% over Interchange Cost.