What is seamless check?
SEAMLESS CHEX SeamlessChex is a full service eCheck processing platform. Instantly verify your customer's bank account, accept payment and receive fast next-day deposits directly into your bank account. This bypasses high credit card processing fees and long approval waits.
What is the difference between a merchant account and a payment gateway?
Merchant accounts are provided by a merchant acquirer or acquiring bank, which may also be a credit card processor. A payment gateway is a crucial component to eCommerce. An online payment gateway works like a credit card machine in a sense: It allows your customers to submit payment information via the web.
How much can you make selling merchant services?
How much can be made: Statistically, an average merchant account will give a sales agent about $30 per month in residual income. If that sales agent can sign 10 accounts per month, they will be making $3600 per month at the end of the first year, or $36,000 per year.
How much does a merchant account cost?
These fees can range from 0.5% to 5.0% of the transaction amount plus $0.20 to $0.30 per transaction. Merchant acquiring banks also charge merchants monthly fees as well as any special situation fees.