Start your own business in the payments industry
Going From Active Income to Passive Income
Our goal is to help you achieve financial freedom through passive income streams.
We define financial freedom as your monthly passive income becoming larger than your monthly expenses.
By transitioning into the payments industry, you can:
Build a Recurring Revenue Model:
Establish a business model that generates ongoing income through transaction fees, merchant accounts, and service contracts.
Leverage Your
Network:
Utilize your existing network of clients and contacts to introduce and promote payment solutions, creating additional revenue streams.
Achieve Long-Term
Success:
With our support, you’ll have the tools and knowledge to build a sustainable business that offers long-term financial rewards.
Here is how the industry works and how you get paid.
Business owners with POS systems pay a fee on each transaction. This fee is approximately 3 percent. Of this fee, you would receive 40 percent, which translates to 1.2 percent of the business's processing volume as residual income on a monthly basis. For example, if a business processes $1,000,000 a year in transactions, they pay $30,000 in fees, and you would earn $12,000 annually from that single customer. The cash discount program helps businesses pass the fee on to the customer, making their operations more profitable. Imagine how your income could be if you build a portfolio of 10, 20, or even 30 businesses. While not every business will generate the same volume, you can see the potential for substantial earnings.
Example Scenario: Dinner at a Restaurant. Imagine a couple dining at a restaurant where the total bill is $100.00. The restaurant offers a cash discount program that provides a 5% discount for payments made with cash. For card payments, a processing fee is applied to cover the cost of transaction processing.
Cash Payment:
Discount: A 5% discount is applied to the total bill of $100.00.
Discount Amount: 5% of $100.00 is $5.00.
Amount Paid: The couple pays $95.00 ($100.00 - $5.00) when they use cash.
Card Payment:
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No Discount: If the couple chooses to pay with a credit or debit card, they will pay the full amount of $100.00.
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Processing Fee: The restaurant adds a payment processing fee of 3% to cover the cost of card transactions.
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Fee Amount: 3% of $100.00 is $3.00.
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Total Amount Paid: The couple pays $103.00 ($100.00 + $3.00) when using a card.
You get paid through the Card Payment Processing:
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Total Fee Charged: The 3% processing fee on a $100.00 transaction amounts to $3.00.
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Your Share: You takes 40% of the processing fee.
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Your Revenue: 40% of $3.00 is $1.20. So, you earn $1.20 from the card transaction.
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Merchant's Share: The remaining 60% of the fee goes to the payment processor or other intermediaries, which is $1.80.
Summary:
In this cash-discount program scenario, you earn revenue from card transactions through a processing fee split. You takes 40% of the total card processing fee, which amounts to $1.20 for each $100.00 card transaction, while the other intermediaries, absorbs the remaining 60% of the fee. This setup helps the restaurant manage its transaction costs while ensuring you are compensated for processing card payments.
Notable restaurants using the same POS that we sell
Empowering Real Estate Agents to Thrive in the Payments Industry
At Fairlyeven , we recognize the unique skills and expertise that real estate agents bring to the table. Leveraging these strengths, we offer a comprehensive transition program to help you move from active income in real estate to creating a sustainable stream of passive income in the payments industry. We’ll teach you how to be closer and we’ll help you get the leads.
Fairlyeven Support System
Our dedicated team provides a step-by-step approach to facilitate your entry into the payments sector. We understand that shifting industries requires careful planning and support, which is why we’ve designed a tailored transition program that covers:
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Industry Insights: Gain a deep understanding of the payments industry, including trends, technologies, and opportunities that align with your skill set.
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Customized Onboarding: Receive personalized onboarding that integrates your existing knowledge with our payment processing solutions, ensuring a smooth transition.
Training and Support
To ensure your success, we offer robust training and support designed specifically for real estate professionals:
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Comprehensive Training: Our training program covers everything from the basics of payment processing to advanced sales strategies. You'll learn about the latest technologies, compliance requirements, and best practices to excel in your new role.
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Ongoing Support: Our team of experts is available to assist you with any questions or challenges you may encounter. We provide continuous support to help you stay updated with industry changes and enhance your skills.
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Mentorship: Connect with experienced mentors who can guide you through the nuances of the payments industry and share their insights on achieving long-term success.
Marketing and Business Development
Transitioning into a new industry involves effective marketing and business development strategies. We support you with:
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Marketing Resources: Access a suite of marketing tools and materials designed to help you promote your new services effectively. From digital marketing strategies to customer outreach, we provide resources to help you establish a strong market presence.
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Lead Generation: Benefit from our lead generation strategies tailored to the payments industry. We help you identify potential clients and opportunities to grow your business.
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Brand Building: Develop a professional brand that reflects your expertise and positions you as a trusted payments advisor. We offer guidance on branding, networking, and creating a compelling value proposition.
Start Your Journey Today
Explore the exciting opportunities in the payments industry with Fairlyeven.
Let us help you leverage your real estate expertise to create a profitable and sustainable new income stream. Contact us today to learn more about how we can support your transition and help you achieve your financial goals.
