# The Evolution of merchant services residual calculator

Are you going through different merchant services sales jobs and thinking if you can make enough cash from selling merchant services to afford a glamorous life? Well, the answer to this depends upon just how much work you put in. Because you will be counting on the commission and regular monthly income you get for each sale, your incomes will directly depend on how much you offer.

Coming back to the topic, if you register 10 representatives a month, and each merchant is offering approximately \$100/month to the credit card company (after interchange/transaction charges), then your split ends up being 50\$. If we increase this by 10, then it becomes \$500. This \$500 is going to be contributed to your account as long as the merchants are dealing with you, and you own them regardless of how many sales you make in the coming months.
Some companies eliminate the right to own the recurring income if the agent doesn't make X quantity of sales, don't work for them. Processors like North American Bancard let you have your residuals no matter how your sales numbers are; this ensures you have a steady earnings being available in and your bills are being paid. Now, if you let's state keep bringing 10 merchants a month, then in one year, you have 120 merchants. Let's say 20 of them closed business or switched to another processor; then, you are still left with 100 merchants after one year. So with 100 merchants, your each month earnings should be \$50 x 100 = \$5000. Now multiply it with 12, your 2nd year's income ought to be \$60,000 for the 2nd year.
Is it bad for someone who began with \$0 in the very first year and is now making \$60,000 per year? And remember, we haven't even added the merchants you will be bringing for that 2nd year. We are simply calculating for the merchants you brought for very first year. So this is the basic estimation, you can crunch the numbers according to your objectives and see how much you will be making.
2. Earning Money by Selling Devices:
This is another form of making some cash along the side. However, many of the credit card processors in the United States use terminal totally free of cost to their merchants, which is why this mode of earning is really not really rewarding now. Depending on the processor you are working for, you may have the option of selling or leasing the devices like the POS terminal or the mobile payment system or any other credit card processing gadget. If you sell the terminal to the merchant, then you will get some sort of commission on the sale. You can know much better about the percentage of commission from your credit card processor. Another choice is renting the devices for monthly lease, which can be anywhere in between \$30 and \$60. You will, of course, get some percentage from that Commission too, so depending on how numerous devices you sale or lease each month, this kind of earnings can also be contributed to your total earnings. However, this sort of selling is not encouraged because many of the huge charge card processors like the North American Bancard use the terminals free of charge to their merchants. This helps the agents bring more sales as everyone likes giveaways.
Things to Remember While Looking at Residual Income: Do You Own Your Residuals?
When considering a merchant services career, there is one crucial thing that you need to bear in mind, and that is if there is a per month sales quota set by the merchant processing sales program you are going to deal with. There are some programs that require the representatives to make X variety of sales each month to keep their previous residuals.
So this means if you are unable to meet their required number of sales each month, then not only will you lose your stable regular monthly earnings in the type of residuals, however credit card processing sales commission the effort and time you invested on selling merchant services will go in vain. Ensure to always work with a program like the North American Bancard Agent Program where you don't have the pressure to fulfill a particular variety of sales to keep your previous residuals. You will own all of them as long as they deal with the charge card processor. Don't Just Think About Residual Split: There will be some business that will use you a low recurring split, which can be 30% to 40%. However, we suggest that you do not simply look at the revenue split if you are new to the market. You need to see if they are using any other benefits.
Sometimes, the processing companies use things like training resources, continuous support, and assist with leads searching, all of which are extremely essential things to have if you are just beginning out. You need to learn the ropes initially, so opting for this type of deal is okay.
How are they Paying High Residual Split?

Different companies have various techniques for calculating the representative's residual split. We recommend that you do not just take a look at things on the surface level. If you are getting a deal of 50% split and some great upfront bonuses, then that is an excellent deal. Nevertheless, things begin to get fishy when the deal is too great to be true. Possibly you are provided a really high split, let's say 70% to 80%, and you sign the contract simply after seeing that.