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Market America BUILD YOUR BUSINESS FASTER WITH PAYROC GATEWAY LOGIN REFERRAL PROGRAM SIGN UP NOW CONTACT SUPPORT Download IOS App Download Android App ? Market America Merchant Referral Program Can You Handle a Ton of BV? Earn ongoing BV – easily! – by referring businesses to Payroc What to Say Whenever you are talking to a business owner, add this to your conversation: I have a business partner who does credit card processing. Let me get you a rate quote.” It’s that easy. You have a business partner (Payroc) whose specialty is reducing merchant account fees. On average we can save businesses 25% or more. If they are willing to accept a free quote, say you’ll have Payroc call with details. Then submit the online referral form and… that’s all! We will do everything else! In nearly every case, we can save the business money. In many cases we can save them a lot of money. What We Do Once we receive your referral, we will contact the business owner and introduce ourselves. We want to show them exactly the savings we can provide, so we will ask for copies of their recent processing statement(s). We will use that information to provide a side-by-side analysis of their entire fee structure (not just their percentage discount rate”), comparing what they’re paying now to what they’ll be paying with us, along with the resulting savings. Your Reward: IT’S A BV MACHINE! For each referred business that signs up with us, you receive a BV reward every month for as long as they stay with us. You get a full 40% of Payroc’s profit on each account as BV. Example: If Payroc makes $100, you get 40 BV. If Payroc makes $1000, you get 400 BV! A referred business cannot be another Unfranchise, but it can be an outside business owned by you or another UFO. Start Earning Ongoing BV Now SUBMIT A REFERRAL Frequently Asked Questions Who is Payroc? Payroc, LLC, headquartered in Illinois, is one of the largest merchant service providers in the US. We also service Canada and 45+ additional markets. We have over 100,000 clients and process over $36 billion per year. Payroc provides credit, debit, and gift card processing services (i.e., merchant accounts) to all sizes and varieties of businesses. iTransact became part of Payroc in 2016; our accounts for Market America UnFranchise Owners are called iTransact accounts. Our accounts for all other businesses are simply called Payroc merchant accounts. You can receive monthly recurring BV rewards by referring businesses to Payroc! What is my reward for referring business? You can receive ongoing monthly residual rewards for referring non-Market America businesses to Payroc. For each referral we successfully activate, you will receive 40% of Payroc’s profit from the merchant account. For example, if Payroc profits $100, you receive 40 BV. If Payroc profits $1000, you receive 400 BV. This is a residual reward, so you receive these BV amounts every month. Everyone in your upline receives the BV as well. How much BV can I get? The monthly rewards we are currently paying on referred businesses range from a few BV to over 1000 BV, based on Payroc’s profit from each merchant account. Payroc’s profit varies widely based on many factors: business type, size, volume, transaction size, transaction method, etc., as well as how low we need to cut our margins to obtain the business. One example: On a medium-sized business processing $50k in credit card transactions per month, we usually profit $100-$300 per month; if we do, the reward is 40-120 BV per month, every month. (As you would expect, the bigger the business, the bigger the rewards.) More importantly, like everything else in this business, it’s a numbers game; the more merchants you refer, the more we’ll sign up, and the more rewards you’ll receive. And you’ll receive 0 BV on the merchants you don’t refer. ? How do I know how much BV I am earning? Here is a quick reference guide on how to locate your BV in your back office. For other questions regarding your earned BV, please contact us. When is my BV earned and placed? The merchant billing process results in a gap between processing and rewards. For example, a merchant is billed for their JANUARY processing during FEBRUARY. Then, during MARCH, Payroc receives our residuals and reports the BV rewards to MA. Our reporting of the BV rewards occurs by the 20th of the month, after which it may take a few days for MA to post the BV. How / where is the BV placed? The BV is placed through the BV Autoplacement” mechanism, which you specify in your Unfranchise back office. Why do I need an iTransact account of my own? Simply put, you’ll sell more product. Market America’s top retailers have iTransact accounts. The benefits of having iTransact for your UnFranchise: For your Shop.com website: When you have iTransact and someone purchases MA products on your website, their payment and their order information go to directly to you . That means you get to choose whether you want Market America to drop-ship the order or if you want to deliver it from your inventory. You also get to choose where and when to place the BV. For in-person sales: With the iTransact mobile app, you can take card payments anytime, anywhere, for your Market America products, trainings, and even extra tickets to upcoming events. You can also use the iTransact Virtual Terminal to enter payments on your computer for new or recurring sales. What is the difference between iTransact "MA Pro" and MA Lite"? In practical terms, just the pricing. Prior to 2013, the only kind of iTransact account available to UFOs came with a monthly service fee. Those monthly-fee accounts came to be called MA Pro because they included some features unavailable on the MA Lite accounts. That’s no longer the case. If you still have a MA Pro account (i.e., if you are still paying a monthly service fee), you’d be better off opening a MA Lite account – but then remember to close your MA Pro account because it’s not closed automatically. How long does my iTransact setup take? How will I know when it’s done? After signup, your account will be activated within 24-48 hours. You will receive an email congratulating you on your new account and providing your iTransact Gateway ID (GID). What do I do when someone orders Market America products through my shop.com website? A key advantage to having an iTransact account is that your customers’ orders (and payments) go directly to you, like they would if you had accepted cash or a check. With each order, you have the advantage of being able to choose: Do you want to fill the order from your existing inventory, or do you want Market America to drop-ship the order for you? To have Market America fill the order, go to your Unfranchise.com back office; your orders are displayed there. Select the order and click Send Order to Market America”; Market America will ship the products to your customer and charge you your UFO cost. What do I do when someone orders partner store products through my shop.com website? Nothing! Since Partner Store sales are made by each Partner Store, not by you, you do not collect payment or deliver product in these cases, and the Partner Store sales are not listed in your iTransact transaction listing. How do I process card payments in person or over the phone? For in-person payments, use the mobile app. You can get it in either the App Store (Apple devices) or Google Play Store (Android devices) by searching Market America Shop.com” The mobile app allows you to type in your customer’s card number, or to read the card’s EMV chip or magnetic stripe using an optional card reader. For in-person or over-the phone payments, you may also use the Virtual Terminal, which is available in your Control Panel. How and when do I receive my money? Funds from credit card sales are deposited into your checking account approximately 2-3 business days after your customer’s payment is made. (Business days are Monday-Friday, not including bank holidays.) Note that if you...