What type of background does the ResidualsForSale.com consulting team have in this industry?
Our Managing Partner has been involved in the merchant processing industry in various roles for over 8 years. Our company has been brokering merchant processing ISO and portfolio deals since 2006. In December of 2007 we launched our first website MerchantPortfolios.com. It was through the launch of MerchantPortfolios.com that we recognized the need for a website dedicated exclusively to the purchase and sale of small residual streams.
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If I register for ResidualsForSale.com, am I also registered with ATMPortfoliosForSale.com and MerchantPortfolios.com?
Yes! When registering on any one of our websites, you will automatically become registered on the others. Your Username and Password will work for logging into all three sites, allowing you access to all available listings.
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Does ResidualsForSale.com buy the residual stream from my merchant processing portfolio?
No. We are not buyers OR brokers. We designed the site to allow buyers and sellers to contact and negotiate with each other directly, taking us out of the middle. Therefore, we collect NO commission if you sell your residual. You negotiate your own deal.
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What is a Token? How do I use the Tokens I purchase?
A Token is the form of currency that our website utilizes to allow registered users to contact sellers.  Once you have purchased your Tokens, they will be added to your account and then debited accordingly when you contact a seller through the website.
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Who will be able to view my residual listing? What information will they be allowed to see?
Only registered users will be able to view your residual listing. As you can see, registered users have access to very general information about your residual, giving them a little “taste” of the opportunity. However, your personal contact information will not be disclosed to users until they have purchased their Tokens and use them to contact you.
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What if my portfolio is portable?
If your portfolio is portable, the website will automatically transfer you over to MerchantPortfolios.com which specifically deals with portable merchant portfolios.
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I won’t sign an exclusive agreement; can I still use your services?
Yes! You are not required to sign ANY agreements with us. Again, we are NOT buyers or brokers.
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How do I get started?
It’s as simple as registering on our website.  Once registered with a Username and Password, you can submit new listings or view available listings by clicking on the LISTINGS tab. When you’re prepared to contact a seller, you simply purchase Tokens and then click the CONTACT SELLER link next to the listing you’re interested in. For a complete description of how to utilize the website click on the BUY/SELL tab
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How long will it take to sell my portfolio?
The time it takes to close a transaction is usually a function of the following: responsiveness of the prospective buyer, the current portfolio market, and the quality of the residual opportunity. All three have significant effects on the time it takes between the listing of the residual and the closing of the transaction. Ultimately, it’s up to the buyer and yourself to make the deal happen.
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How does ResidualsForSale.com get compensated?
We only receive compensation from the purchase of Tokens on the website. Our goal is to provide a convenient and commission-free vehicle for buyers and sellers of residual streams to connect.
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