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Opportunities To Diversify and Increase Your Income

Independent Sales Representatives (ISR): Earn a 30%, 40%, or 50% commission on the GPR of your merchants Visa/MasterCard processing as an independent sales representative. This will equate to a commission range of .001 to .005 on their total Visa/MasterCard processing dollars. Variables include size of merchant, type of sale, and risk factors. Commission payouts, under the Fairmed ISR progarm, are managed directly by Ignite Payments-Fairmed and paid monthly.

Informal Referrals: For every merchant you refer who then signs up for a merchant account with us, receive a one-time payout. Payouts are managed by Ignite Payments-Fairmed and are governed by current IRS regulations.

Formal Referral Partnerships: This requires First Data corporate approval. For every merchant you refer who then signs up for a merchant account with us, earn up to a 10% commission on the GPR of your merchants Visa/MasterCard processing for all credit card, debit card, check, pre-paid gift card, and pay card transactions. This equates to a 10% commission on .001 to .005 of their total Visa/MasterCard processing dollars. Variables include size of merchant, type of sale and risk factors. To be successful, this requires active three-way participation between the partner, Ignite Payments-Fairmed, and First Data. Commissions are paid monthly by First Data and governed by current IRS regulations.

Affiliates: See a list of our current Affiliates, Sales Representatives, or Partners.

Fee: There is an initial fee of $500 for a new ISR to help defray startup, orientation, and training costs. This fee is waived for all military veterans.

GPR – Gross Processing Revenue. Our agency’s gross commission on a merchant account’s monthly Visa/MasterCard processing. Our business model is like many that are profit based! If you write a merchant account that is too lean and the profit is minimal, the GPR can be a very small percentage of the merchant’s gross Visa/MasterCard processing:

GPR example = .005 of their Visa/MasterCard total monthly processing is considered very lean and if a merchant does $100,000 a month, written at .005, the GPR is only $50/month. This is not the Discount Rate (i.e. the rate the merchant pays Interchange) but the net profit on the merchant’s Visa/MasterCard processing volume to our agency. An Independent Sales Commission is based off that GPR (i.e. net sales commission of 30%, 40%, or 50% commission based off the GPR).

Who gets the majority of the processing fees from the merchant?

The issuing bank—who handed the consumer the credit card—gets the majority of the fees a merchant pays to Visa and/or MasterCard.

Fairmed - What We Offer
a short presentation (6 slides) of the services
we offer and the benefits of doing business with us:

Click to download a PDF version of the presentation

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CLICK HERE TO DISCOVER MORE:
http://www.fairmed.com/independent_contractor-sales.html

OR CALL: (800) 838-9598 Ext 101

Button: Join Us! Become an ISR today Download application

 

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