The state of employment in America has changed. Now a life of freelance can give birth to a fruitful career in a variety of industries. One such industry is payment processing. New technologies have enabled individuals and small companies to find full time employment with organizations like First American Merchant (FAM). Our ISO agent program provides extensive training and support for newcomers seeking job security and the opportunity to make a great salary. FAM ISO Program The FAM program provides agents with the expertise and tools necessary to succeed as an ISO agent. FAM has a full knowledgebase that includes […]

Do you want to become a registered ISO? A registered ISO is an independent company that can have sub-agents. To become a registered ISO, a person or business must find a sponsoring processor, or larger ISO to sell for. They must also register with MasterCard and Visa. This process can be expensive and time consuming, but allows the ISO to provide lower rates for credit card processing. They also have more control over prices, advantageous buy rates to resell credit card processing services, residual payment options, and the ability to create independent brands which can lead to tons of profit. […]

Are you a talented mechanic? A lot of mechanics waste their time working for others when they could be opening their own shops. If you are a dedicated mechanic with basic business skills and access to startup funds, you may be able to start a successful mechanic business. The following are a few essential tips on how to start a mechanic shop. Weigh the Costs There are a variety of costs related to starting an auto repair shop. Machinery makes up a considerable amount of upfront costs. Let’s take a look: Diagnostic Machines $5,000-$10,000. Shop Rent $1,500 – $15,000 per […]

One of the most valuable assets to a company is its people. But to get the best people, you must provide incentives to attract and keep them. A popular way to retain talent is providing stock options. Solid stock options give companies the ability to motivate and reward employees. The following are some major factors to consider when dealing with stock options. How Do Stock Options Work? Say Company Acne hires John M. and gives him the option to have 30,000 shares of the company at .25 per share. The option is based on a 3-year vesting with a one […]

A credit card processing loan can help you pay to accept credit cards. While many merchants accept plastic card payments, loans that are available to credit card heavy merchants are few and far between. These businesses are known as “high risk”, because they have a higher risk of fraudulent activity and chargebacks. These issues can cost you cash, and even your merchant account in some cases. While it can be hard to find a processor who offers credit card processing loans, it is possible with the services of FAM. FAM, or First American Merchant, can help you obtain the funds […]

All small businesses that want to survive have to be able to process credit cards. It can be difficult to find a credible payment processor, or one that is the right fit for your business. This process can be even more difficult if you don’t know what to look out for. The following are a few tips to guide your merchant account comparison, and help you find the perfect credit card processor. What are the Fees and Costs? Credit card processing fees can go all the way up to 5%. However, some companies may charge far less than this. Before […]

Many high risk merchant account providers tout merchant cash advances as the only option for their high risk merchants. While it is a popular way to obtain business funds fast, many may wonder if it is truly the best option. Below you will learn of the pros and cons of merchant cash advances, so you can decide for yourself. Pro: Quick Funding. Funds are made available in as little as three business days, which helps struggling merchants get ahead. Pro:  Little Paperwork. Little paperwork is needed, because your merchant account provider already has your financial documents. Pro:  Low FICO’s are […]

All businesses need financial help at some time. For high risk merchants, a merchant cash advance or ACH Funding Loan is usually the best choice. However, finding a high risk merchant account provider who provides these services can be better said than done. Luckily, for US-based merchants, a First American loan can help you get your business booming once again. There are two types of “loans” that merchant account provider’s offer up to their clients. First, is a merchant cash advance, which is aimed at merchants with merchant accounts. This is not a loan; it is a “buy in” to […]

If you are a struggling merchant, you may look for extra funding. These options seems endless, from crowdsourcing, to borrowing from relatives, and even bank loans. All of these methods fail. With crowdsourcing, you sometimes owe the donators something in return, which can hinder a business’s progress. With family and friends, they usually want something in return as well – their cash. A bank loan may be the worst out of these choices. With a bank loan, not only do you have to pay large interest rates, but they have the added fear of losing collateral. Be it your home, […]

A high risk merchant faces many challenges. From opening, to keeping customers, and even finding funding. High risk lenders are few and far between, and even when you find one, they may not understand your industry. With FAM, you will not have these issues. FAM employees specialize in most high risk industries to help merchants better understand their risks. For those in need of borrowing funds, FAM also provides these services. For high risk merchants in need of funds, there are programs available to you. For those with a merchant account, there is a merchant cash advance. A merchant cash […]