* NOTE * Commissions are of the credit card processing services that already occur on the sale of the retail product at a merchant location, and NOT a commission of the Donations. THERE ARE NO COMMISSIONS MADE ON DONATIONS, AS DONATIONS ARE ONLY FOR THE CHARITIES.
AGENTS VS. AFFILIATES: What’s the Difference?
An Agent walks a merchant account’s boarding process from start to finish, including all parts of the merchant application and terminal set-up, and helps maintain an ongoing relationship with the merchant.
An Affiliate simply refers a merchant to Donate Up.
Affiliates can earn a 20% recurring residual share for the life of each merchant account they switch over to the Donate Up system.
Affiliates recommend Donate Up to their merchant contacts, who in turn reach out to Donate Up expressing interest.
For Example; Afton Smith, landlady of a strip mall, recommends her new tenant Sammi’s Pizza to Donate Up. Sammi’s Pizza calls Donate up inquiring about new merchant services. Donate Up provides a new merchant account to Sammi’s Pizza with great discounted rates, saving her store money over competitors. As landlady Afton Smith made the referral, she will receive a 20% revenue share of the profits on the processing fees.
Q: Can a Charity also be an Affiliate?
A: YES. For Example; Bonobo Conservation Initiative may send a letter to its email list notifying donors and volunteers of its new partnership with Donate Up. Some merchants on BCI’s email list decide to switch their merchant accounts over to Donate Up’s system. Not only can BCI be a beneficiary charity of the donations that are made during purchase, but BCI can also be an Affiliate and earn 20% commission of the credit card processing fees.
Q: Are Affiliate commissions transferable to a Charity?
A: YES. For Example; Afton Smith is a volunteer or philanthropist who decides to send the commissions of her referrals to her favorite charity, the Oceanic Preservation Society. Each time Afton refers a new store owner to Donate Up, Donate Up gives the recurring 20% affiliate commission to her favorite charity Oceanic Preservation Society. The Oceanic Preservation Society earns revenue each month that store processes with Donate Up, regardless of if that store accepts donations from customers or which charities the merchant has chosen those customers to donate to.
Q: Can One Charity Earn the Affiliate Commission, While Another Charity is the Merchant’s Beneficiary During Customer Sales?
A: YES. Therefore TWO charities may simultaneously benefit. One charity may receive the affiliate commission, while a second charity receives the donations customers make during their purchase. As the merchant chooses which charity to promote during the point of sale campaign, and merchants may change their promoted charity from time to time, that is the Beneficiary Charity designated by the store. That charity may be separate from the charity earning the affiliate commission, as the affiliate commission is earned from a revenue share of the credit card processing fees and granted to the affiliate as a reward for referring the merchant.
Agents can earn a 50% recurring residual share for the life of each merchant account they switch over to the Donate Up system.
Q: How much can an agent earn?
A: Typically an agent earns about $1,000 for each $1-million in processing. For Example; If a medium restaurant processes $80,000 per month, the sales agent may receive a residual check of about $120 per month, for each month the merchant processes with Donate Up’s system. Over one year, that is about $1,440 in commissions to the agent for the one restaurant boarded.
Q: Where does this money come from?
A: The back-end processing system. It does NOT come from the donations.
Q: Does the money hurt merchants?
A: The cost is minimal and nearly negligent, and is collected by the back-end processor anyway. Through our business relationship, we are able to split the profit of that processor with the agent who made the sale.
Q: What are the duties of a sales agent?
A: Identify, meet with, verify, and sign-up merchants; review a merchant application to ensure all materials are included and accurate; submit a completed merchant application. Additionally Agents are expected to provide some level of support including: helping a merchant set up a terminal, following up with the merchant on a regular basis (about every three months) to maintain client relations, assess merchant needs, and promote new services.
Q: Is there training?
A: YES. Our comprehensive training program will quickly have you up and running as an expert in the industry. Our support team is there to help you along the way and assist on each deal. Furthermore, our technical support is there to assist in programming and installing terminals.