Become Merchant Sales Person
Wheter you forming an Independent Sales Organization or just want to work on your own as a Merchant Sales Person, there is one basic requirement before you can sell Visa, Master Card, Credit or debit card processing. The fist, you must sign a written agreement to be an agent of Independent Sales Organization or a Bank that’s registered as a Member Service Provider with Visa or Master Card
Member Service Provider’s can hire independent contractor, but the contractor must be represent himself or herself as working for the Member Service’s Provider. Anything short of that is considered subcontracting, a violation of Visa and Master Card rules
Independent contractors who work under their own corporate name or employ more than one person must register as Merchant Sales Person with the card associations
Other things you should do to become an Merchant Sales Person
Understand the terms of your agreement. NEVER sign a contract without reading it THOROUGHLY. It’s highly recommended that you take it to an attorney and get professional advice.
Establish a relationship with a processor or arrange to do the processing yourself, if you have the significant financial means required and the knowledge necessary.
Recruit Sales Professional (ether employees or independents)
Setup sales program for Sales Professionals, and make sure everything is explained up front
Decide how you will handle risk management. What type a transactions do you want to accept.
Be a member to help your finance
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