Credit Card Industry Slang: "Pass-Through Pricing"

We previously explained what "Bucket" or "Tiered" pricing was - when the 300+ categories of interchange are clumped into 3-5 tiers in order to simplify pricing for the merchant while also making more profit for the merchant service provider.

Today we will explain what "Pass-Through Pricing" or "True-Pricing" is - this is the most efficient and cost-effective plan for a merchant to be on, it is also very simple. With pass-through and true pricing the merchant is simply charged the exact same that the merchant service provider is charged for each of the 300+ interchange categories with a small percentage fee added on in order to make it profitable. Traditionally only large companies and corporations were given pass-through pricing while small businesses were only given 3 or 5 tier pricing structures. With NXGEN all companies and business owners, no matter how big or small, are put on pass-through pricing to maximize their profit and help save them money.

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Credit Card Industry Slang: "Bucket Pricing"

"Bucket Pricing" aka "Tiered Pricing" is a pricing structure commonly used by Merchant Service Providers to simplify interchange* rates while also maximizing profit. In this strategy the more than 300 interchange categories are usually clumped into 3 or 5 tiers. All companies make these distinctions differently however so even if 2 MSPs have the same amount of tiers with the same rates for each tier they may have clumped the 300+ interchange categories into different tiers therefore altering the amount you will end up getting charged at the end of the month.

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Best Rates. Best Service. Period.

As Elevon's number #1 sales and service company, NXGEN Payment Services guarantees the best possible rates and best service no matter what kind of business you are. NXGEN has invested millions into it's infrastructure and in doing so has developed proprietary online software that allows merchants to see exactly how much they are paying in processing fees and helps them monitor ways to keep from paying unnecessary money in processing fees.

Because of this, NXGEN services some of the largest companies and corporations in the United States and Canada while still being one of the top sales organizations to small businesses like retailers, online stores and restaurants. Elevon has also chosen NXGEN to partner in emerging credit card industry markets like Italy and the UK as well as other countries oversees. By signing up as an Ambassador you are given instant access to all of these benefits as well as given your own personal Business Analyst to answer any questions you, your friends or potential clients may have.

Every wanted to take control of your income? Now you can, with NXGEN Ambassadors. Give it a try.

Sign up today: http://www.nxgenambassadors.com/

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Update: July 15th

Hey everyone, NXGEN Ambassadors has been launched for just over 1 month now so we thought we would update everyone as to how it is going. Well, in our first month we have recruited over 290 Ambassadors who have so far submitted 280+ referrals with 70 having already been approved. That equals out to more than $20,000,000 in processing volume from businesses that are now saving money by processing with NXGEN and $20,000,000 in processing volume of which NXGEN Ambassadors will earn a monthly residual income from. We are extremely excited about this amazing start to what we believe to be a great program that every one can take part in! If you haven't become a NXGEN Ambassador yet, you can find more information and sign up HERE.
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Finding Potential Clients for Your Business

In the credit card industry almost EVERYONE is a potential client. Even normal people with out a business license or store are potential benefactors (think ebay, paypal, craigslist, kids in college, etc.). With that in mind, sometimes the hardest part isn't finding people that can benefit, but choosing which ones to connect with. Initially you should ask people in your immediate circle. Do you have an uncle that owns a body shop? Is your sister an aspiring artist who sells her work at local art shows? Does your Mom have a buddy who runs an online business? These are the people that will not only benefit from saving money on their payment services but who will appreciate you helping them out. In turn you will build a personal as well as business relationship together.

The great thing about the NXGEN Ambassadors program is that you can be as involved as much or as little as you want. Either just mention you are an Ambassador and say you can see what kind of savings NXGEN can provide. Or, ask your NXGEN Business Analyst for more information and literature upfront so that you can really go over everything with your friend or family member together.

Once you have helped people close to you save money and streamline their income, you will become more confident asking your local businesses or people you have previously never met before. After that, the sky is the limit and there is no telling how much money you can help people save while also building your own residual income.

Questions? Click Here

Not a NXGEN Ambassador yet? Click Here

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CC Industry Slang: "Interchange"

The base rate that all credit card service providers must pay to the card issuer (Visa, Mastercard, Amex, Discover, etc) and card processor for every credit card transaction a merchant makes. There are over 300 interchange pricing categories based on what type of card and how it was processed. Service providers then add varying degrees of profit on top of interchange, this is where rates vary and merchants can save money based on which service provider they use.
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First days of the rest of your life!

Yesterday was summer solstice and therefore the first official day of summer. Today is the first day of the rest of your life and the perfect time to take advantage of all the tools at your disposal in order to secure your financial future and start your residual income stream. At NXGEN Ambassadors, we know this is easier said than done sometimes so we are going to help. Starting tomorrow, we will be posting step by step instructionals and how to's to help you get started in the Credit Card processing industry. Don't worry, we'll keep it simple - because in the end, it is. Some of the topics we'll cover include: How to find potential clients and benefactors of the products and services you can offer, how to approach those people in a straightforward manner and how to get the statement, once you've received it, to your business analyst.

Get your portfolio started, we can help! Check back tomorrow for the first installment.

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Have an iPhone? Then you have a terminal!

Now, through industry leading point of sale (POS) provider VeriFone, NXGEN Ambassadors can offer their customers a convenient and mobile way to process credit cards with the iPhone POS attachment called PayWare. So if you know anyone who has a business based off of traveling, trade shows, art fairs, flea markets, farmer's markets, delivery or any number of other on the go sales businesses...not only can you help them save money on their processing, you can make it easier and more cost efficient too!

Contact your Business Analyst today to find out more info or if you haven't already signed up for NXGEN Ambassadors click here to get started. It's free...it's easy...and it's the best way to build a RESIDUAL side or main income without breaking a sweat! Check out the video in our last post to hear about the program directly from the National Sales Manager, Dowe Kaufman.

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In today's rough economic market you might think things are getting by watching the news and stock markets, but on main street things are still looking slim. Money is tight and businesses are constantly searching for ways to keep their employees without losing profit.

One way this is effecting people is that they are being asked to take deep pay cuts to the salaries they were used to 2-3 years ago.

Check out this article below and then go to www.nxgenambassadors.com to take control of your future by building a residual long-term income while helping local businesses lower their bottom line at the same time!

www.nxgenambassadors.com

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Cut my pay ... please!

As the number of layoffs mount, more workers are ready and willing to take significant pay cuts to find employment.

http://money.cnn.com/2009/08/28/news/economy/paycuts/index.htm?postversion=2009083112

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The money you make this summer could last a lifetime...

Summer is coming and almost everyone you know is trying to make a little extra income to pay for those vacations or help their family live a little more comfortably. Traditionally people do this by working extra hours at their job or picking up a new one, others might get a gig at a hotel or lifeguard station but in the end do any of these answers set you up for LIFE? The truth is they might afford you an extra trip here or there but nothing that will stick with you in the future. That's where the NXGEN Ambassador program comes in, without quitting your day job you can make money RESIDUALLY while saving your friends', family members' and local businesses' on their bottom line AT THE SAME TIME!

The best part is, you don't have to do ANYTHING besides getting a credit card statement to your assigned business analyst, and THEY will do the rest. No follow ups or maintenance required on your part...and you get paid for the LIFE of the account. If the merchant stays with NXGEN (America's leading Payment Services Company under the Nation's #2 Processor Elevon) you get PAID...whether it's 1, 5, 10 years or LONGER.

Check out the video below or go to www.NXGENAmbassadors.com to learn more and get started!

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NXGEN Ambassadors

NXGEN Ambassadors is now launched in the blogosphere! Hit us up with any questions comments or concerns about the program. Now you can make RESIDUAL income easier than ever with the most competitive pricing structures out there with!

Check out the website: www.nxgenambassadors.com now for more info and to sign up.

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