October 7th, 2018 by Admin
National Transaction is celebrating 21 years in the business today. Founded in 1997 National Transaction (NTC) purpose is to serve businesses of all sizes with their cash flow with the highest levels of professionalism and care.
This 21 year anniversary would not be possible without our leader, Mark Fravel and we want to take you back to his why and the reason we are still here today.
The beginnings:
Mark, a single parent of 3 beautiful daughters, wanted to provide for their kids without being on the road all the time. And so, with this passion in mind, a desire to serve and commitment to his family, National Transaction was born.
NTC began like many business and passions, with no customers and only one employee but quickly grew and Mark knew that leading with confidence and excellence will drive this business somewhere.
The Present:
Now, NTC often ranks in the top 10 of many data and technology awards. This Excellence has also earned us an A+ rating in the Better Business Bureau.
This 21 years would not be possible without our desire to help a business grow and give them the right tools for their transactions. We love being on the phone with our customers, we love getting to know them and how we can provide our best service.
The Future
Mark started this with a desire to be a family man, and so, this family feeling has stayed with our company. We treat our team like family, and we are excited about what our future holds the next 21 years.
Thank you for celebrating 21 years of customer service, passion, connection and above all, quality. We will continue to provide you with the best service we know how to give, and we will uphold our promise and mission to make digital transactions reliable and simple to the merchant and familiar to the consumer, reducing the complexity and expense to both.
Thank you for being part of the National Transaction Corporation‘s family.
Posted in nationaltransaction.com Tagged with: Anniversary, ASTA, Better Business Bureau, business, card, consumers, credit card, credit cards, credit-card, customer, customers, data, e-commerce, entrepreneur, entrepreneurship, MasterCard, merchant, merchant account, merchants, Mobile Payments, National Transaction, payments, point of sale, Security, transaction, visa
September 26th, 2018 by Admin
Start-ups, online business and just about any business starts somewhere right? Not every business starts with a hefty amount of money and not all can afford it all. Let’s be honest, even if you did, it wouldn’t hurt getting a few things for free at the beginning.
Here are some incredibly easy (and cheap) tools to get you started:
1. SCORE: The plethora of training and resources on this website is just what any entrepreneur needs. You can also get paired up with an experienced business owner to be your mentor. Best of all it is a free service.
2. Grammarly: Writing the perfect e-mail or proposal can be a lot of pressure. Grammarly makes it simple to ensure you sound like you and your grammar is simply perfect!
3. Pixabay: If you need good quality pictures and graphics and your budget are not existent, Pixabay is the way to go. The pictures are completely free to use at any time. But if you want to help the cause, you can donate or as they say: “buy a cup of coffee” for them.
4. NTCePay.com: Take the hassle out of invoicing and getting paid. Simply sign up for NTC ePay and voila! The fees are low in comparison to other payment processing companies and the services are always personable.
5. Google Drive: If you are an Android user, Google can definitely be your friend. Not only to store documents and pictures but to write up all those important conversations. Goodbye Microsoft, hello Google.
6. TopTracker: Do you work with freelancers or are you one yourself? TopTracker can help you track the time spent on projects and can be an easy tool to help invoice your hours. Best of all, it’s free!
7. Asana: Another great tool to have whether you are a solopreneur or have a team. Asana can help you coordinate all of the work your team does and manage it well. Plus you can keep communication specifically with each project, making it easy for everyone on the team.
8. Canva: An user-friendly tool to help you create graphics and content for your social media and print work. There is no need to learn new software and this can be accessed on your computer and phone. The free version has plenty of tools to get you started.
As you grow your business, some of these tools do have paid versions which will allow you to grow with them without worrying about moving to a new tool.
Posted in Small Business Improvement Tagged with: asana, b2b business, business, business owner, Canva, entrepreneur, free, freelancer, Graphics, National Transaction, ntc, Score pixabay, social media, TopTracker
September 18th, 2014 by Elma Jane
Electronic invoicing is the exchange of the invoice document between a supplier and a buyer in an integrated electronic format. Traditionally, invoicing, like any heavily paper-based process, is manually intensive and is prone to human error resulting in increased costs and processing lifecycles for companies.
The issue of compliance seems to have separated E-Invoicing from B2B. Surprisingly many Finance leaders are unaware that their company is already sending/receiving EDI electronic invoices.
E-Invoicing is a common B2B practice and National Transaction is ready to launch its E-Invoicing system.
True definition of an electronic invoice is that it should contain data from the supplier in a format that can be entered integrated into the buyer’s Account Payable (AP) system without requiring any data input from the buyer’s AP administrator.
There are number of formats to be employed, it is useful to Apply below guidelines:
An E-Invoice:
1) Structured invoice data issued in Electronic Data Interchange (EDI) or XML formats.
2) Structured invoice data issued using standard Internet-based web forms.
Not a true E-Invoice:
1) Paper invoices sent via fax machines.
2) Scanned paper invoices.
3) Unstructured invoice data issued in PDF or Word formats.
Although significant cost and time savings can be achieved by removing paper and manual processing from your invoicing, the real benefits of E-Invoicing come with the level of security that comes with E-invoicing. Integration between your trading partners and your invoicing software and other business systems are optional. National Transaction can offer a customized Electronic Invoice Structure .
Posted in Best Practices for Merchants Tagged with: (AP), Account Payable, AP administrator, b2b, buyer, compliance, data, E-Invoice, E-Invoicing, E-Invoicing system, EDI, EDI electronic invoices, electronic data interchange, electronic format, electronic invoices, Electronic invoicing, Finance leaders, Internet-based web, invoice document, invoicing, National Transaction, Paper invoices, Security, supplier, web
September 12th, 2014 by Elma Jane
If you needed a loan, would you shop around first or go with the first lender you found? Small business owners are more likely to do the latter. For small business owners, personal interaction is key, and with many lenders focusing strictly on online marketing methods to reach new customers, these findings may come as a surprise.
While there is a plethora of alternative online lending options for small businesses, 44% of all loan applications are completed in person, even though business owners of all ages surveyed reported using an online process for researching and initiating a loan application, only younger business owners were very open to using it to complete the process.
User-friendly websites do help aid in conversion, but they don’t influence lender choice. Small business owners are more likely to use the first lender they meet, proof that even in an age of technology and advancements in online lending, human interaction is still one of the most important parts of the loan process, this may be due to the challenges small businesses face during the loan process as restrictions have increased on traditional loans.
First thing business owner do is ask rate…When it is more important to get the terms you want. If a lender term wants a higher rate, but let you pay it off on a longer term you may find more is less!
Despite great interest in strictly online alternative lending, many business owners still desire personal interactions with financial providers that will take the time to discuss business challenges and solutions. National Transaction standout over competitors because of its human/personal interactions.
Posted in Small Business Improvement Tagged with: business, competitors, customers, financial providers, lending options, loan, loan applications, marketing methods, National Transaction, provider's, rate, solutions, traditional loans, websites
August 25th, 2014 by Elma Jane
Let’s talk about success stories of the people who worked with National Transaction and made it big in this field. One great story that we have is about Big Daddy. I named this guy Big Daddy, because of the great success that he made in this industry. Big Daddy was a Physical fitness trainer with an outgoing personality before he joined National Transaction. He gained knowledge about the card industry and build a good working relationship with NTC’s President Mr. M. Together, they secure a relationship with several associations and negotiated a deal. Now, they were able to partner with a high risk account. While these associations continue to profit from the relationship, Big Daddy took 3 years off. These associations assist merchants become more profitable and is the leading global advocate for travel agents, the travel industry and the traveling public, also the world’s largest association of travel professionals. National Transaction has been ASTA member and a partner since then for almost 10 years now. As Big Daddy broaden his knowledge and skills about the industry, he started to build his own portfolio which gave him the ability to form his residual income. As of this date, he averages $30,000 monthly with National Transaction, while running his own business. If Big Daddy made it, then other Sales Representatives can make it bigger too. With the right company to work with like National Transaction, right tools and full support from our Team and Customer Service your on the right track, so why not make a move??? Start building your portfolio and give it a shot or if you already have one, work it out. You will never know. In all labor there is a profit.
Posted in nationaltransaction.com Tagged with: account, ASTA, card, card industry, customer service, high risk account, Merchant's, National Transaction, residual, residual income, sales, travel, travel agents
May 16th, 2014 by Elma Jane
National Transaction discussed about credit card underwriting today, a training twice a week given to our Sales Representatives together with our partner Elavon. Training outlined the following why Elavon needs guidelines, credit decision factors as well as which merchants are restricted vs. which merchants are prohibited. For company understanding, facts about fulfillment will be outlined allowing for a better understanding of the department that receives and processes new merchant applications. Application requirements will be identified and then why applications pend.
Fulfillment Services – The department who manages merchant applications through the process of: Data Entry, Underwriting, Deployment and Merchant Activation.
Best way to get an application to boarding – Email and Fax.
The key to success is gathering the right information, such as data from a myriad of sources, including bank statements, credit reporting agencies, utility assessments, tax assessments and additional financial documentation. These are just some chunk of what we have discussed today. With the right tool and support from National Transaction Team closing a deal is feasible.
Posted in Best Practices for Merchants, Credit card Processing, nationaltransaction.com Tagged with: bank statements, credit, credit card underwriting, credit-card, data, Data Entry, Elavon, Merchant Activation, merchant applications, Merchant's, National Transaction, tax, underwriting
May 15th, 2014 by Elma Jane
Selling merchant accounts can be a very profitable venture. It’s not an easy task by any means. It takes hours of work, a strong knowledge of the payment processing industry, dedication and the ability to be told NO many times and still keeping at it. It is often first done successfully as a part time job, because it takes time to build up a residual stream large enough to live off of.
More that 50% of all people that start out to sell merchant accounts never make it and maybe 10% are profitable enough to stick with it. Once the person has found the right company like National Transaction to work with and the ability to sell merchant accounts, they can make a very good living from it.
Statistically, an average merchant account will give a sales agent about $30/month to $11,000/month in residual income. Sandler one of our Sales Rep. who’s into insurance company, had a fall out with his brother came in the office did some orientation and had all the support and tools that he needs, did some phone calls and in a month landed a good deal!!! 11,000/monthly residual for Sandler.
If a sales agent can sign 10 accounts per month, they will be making $3600 per month at the end of the first year or $36,000 per year. At the end of the second year $72,000 per year and at the end of the third year $108,000 per year which is a very decent salary. (Take note that the above average statistics may vary). It really depends on what type or existing portfolio a Sales Rep have or the net volume of the merchant accounts they closed in. As long as the agent keeps signing accounts their income will keep growing. But 10 accounts per month is not an easy task especially for someone new to the merchant services industry. Also, overtime attrition shows up and the average number of accounts a person can setup goes down. But with the help of National Transaction’s Support Sales Team, tools and leads you can make it.
With National Transaction, there’s a lot of Sales Representatives from different walks of life who became successful in this field. From a couple who teamed up and build their own portfolio, to a plain housewife, a teacher, ordinary people who doesn’t know anything about merchant accounts selling or not really into sales marketing, but made it big.
Sales Marketing is not for everybody, but if the company like NTC is giving you all the tools and the support that you need to make it, like orientation, classroom training twice a week, even helping you out close a deal through our Sales Support Team then that’s Awesome!
National Transaction give upfront commissions (NTC pay within a couple of business days), not only that, NTC do High Risk credit card processing services, not all merchant service provider does the same thing. National Transaction provides you prequalified leads and appointment set up, you can also call our 24/7 customer service if you need any help. You do not have to purchase a unit or invest in provided leads or anything because NTC wants all their Sales Representative to succeed.
Also in this field you can work from home or be at the office at your own flexible time. As long as you have set your own quota for the day. If you want to be a successful Sales Representative and earn 60,000 or more monthly residual then sign up with National Transaction and make that dream of yours come true, just like our existing Sales Representatives.
Posted in nationaltransaction.com Tagged with: customer service, insurance, insurance company, merchant, merchant accounts, National Transaction, payment industry, payment processing industry, prequalified, sales, Sales Marketing, Sales Representatives
May 12th, 2014 by Elma Jane
Let’s talk about success stories of the people who worked with National Transaction and made it big in this field. One great story that we have is about Big Daddy. I named this guy Big Daddy, because of the great success that he made in this industry. Big Daddy was a Physical fitness trainer with an outgoing personality before he joined National Transaction. He gained knowledge about the card industry and build a good working relationship with NTC’s President Mr. M. Together, they secure a relationship with several associations and negotiated a deal. Now, they were able to partner with a high risk account. While these associations continue to profit from the relationship, Big Daddy took 3 years off. These associations assist merchants become more profitable and is the leading global advocate for travel agents, the travel industry and the traveling public, also the world’s largest association of travel professionals. National Transaction has been ASTA member and a partner since then for almost 10 years now. As Big Daddy broaden his knowledge and skills about the industry, he started to build his own portfolio which gave him the ability to form his residual income. As of this date, he averages $30,000 monthly with National Transaction, while running his own business. If Big Daddy made it, then other Sales Representatives can make it bigger too. With the right company to work with like National Transaction, right tools and full support from our Team and Customer Service your on the right track, so why not make a move??? Start building your portfolio and give it a shot or if you already have one, work it out. You will never know. In all labor there is a profit.
Posted in nationaltransaction.com Tagged with: account, ASTA, card, card industry, customer service, high risk account, Merchant's, National Transaction, residual, residual income, sales, travel, travel agents
