Residual Payments Review – Can you really make money with credit card processing?

"Hey, my name is Jay and I joined residual payments in 2022. After about three or four months, I was able to close my first deal, a local restaurant. We switched them over to our credit card processing system, and now they're saving money. My commissions each month are just over a thousand dollars, all residual.

What I love is that all the work you do with this business is front loaded. So all you do is prospects, set up deal calls with David and Patricia Carlin, or all the other mentors on the team. And after a business owner applies and is accepted into the program, you set them up with their point of sale system, a new terminal. You start getting paid as soon as they start accepting credit cards.

The private Facebook group has been a great resource. The mentors, the Carlins everyone else is helpful. If you ask a question in the Facebook group, within minutes, you're being answered, which is something you don't see in other Facebook groups. 

The coaching calls are fantastic and there's a lot of support as well.

No question is a stupid question. Even if it's been asked before. There's a great feeling of support and positivity, and it's always great to hear that members are closing deals each week, which proves that this business model actually works. David and Patricia aren't a scam, because of the partnerships that they've been able to make.

Those partnerships allow us to provide lower fees than companies like Square, Stripe, Clover, or Toast. The Carlins have built these partnerships over 30 years and now we get to take advantage of that. A difficult aspect of the payments business is that you're competing with thousands of companies and salespeople who offer the same service. Business owners are being contacted every day with the promise that they can save money on credit card processing fees.

Although our team can beat out anyone's pricing, you still have to get better at sales if you want to convince a business owner to switch their processing over to you. It takes time to build trust with a local business, to the point where you can then have the conversation about switching. Also, there's nothing stopping a business owner from going to work with the next payments expert who offers a better fee.

Another downside is that you can't just work with any business. If a business is processing under $10,000 per month, you won't be making much money. To see a good return each month, you need at the very least a dozen clients who are all doing over $10,000 per month. The introductory courses that they offer initially, which cost $49 and $297, won't teach you the business model in its entirety.

They just open your mind to what the business model is and how much money you can actually make. The high ticket course costs $10,000. But I think it's totally worth it because you have access to the partnerships through David and Patricia."

"Hey, my name is Marcus. I joined the residual payments program in January, 2022. I've got to say it was exciting and intimidating all at the same time. The business model makes so much sense to me and realizing the potential income I could make, if I started my own digital payments business, was exciting, mainly because of how you make your money. You do all the work in the beginning, setting up your clients and you're done, which is nice. Once in a while, it's good to check in on your clients to make sure everything is running smooth. But other than that, it's all passive income. 

After joining, I was intimidated by the scope of the work you have to put in. You don't know everything when you first get in and you've got to look through all the educational material to know how to express yourself like you know what you're talking about when you go talk to business owners.

You are going to get a lot of "No's" when you're talking to business owners about how you can help them save money. But that's expected because I mean, after all they're being contacted every day and offered the same thing. Landing a client is challenging with this business model. And one of the obstacles you might have to deal with are potential clients who agree to work but who don't want to proceed after they see the application they need to fill out. 

A business owner who isn't tech savvy may think it's too complicated of an application, even though I don't think it is. After all, they're applying for a real merchant account, which is just a business bank account with one of the banks David and Patricia Carlin have partnerships with. Many business owners tend to go with companies like Square because the process is easy to sign up, they give you a free credit card swiper, depending on your industry. You've really got to do some convincing and keep business owners focused on the fact that they're going to get the best processing rates, best customer service, and the best point of sale solutions with us. And it's because of the partnerships that Patricia and David Carlin have.

To date, I have four clients and I'm getting paid just over $1,300 in residual income each month. I did have to talk to hundreds of business owners and deal with a handful who gave up during the application process. So I could be making more if they didn't quit on me, but I do believe in the business model either way and the fact that we're actually helping business owners save money.

It's just a long road to only make a few hundred dollars or a thousand dollars. All in all, I'm still grateful for the residual payments program. And I know at some point I land the client who is processing somewhere over $50,000 per month, and then I'll make some more money."

Hey, my name's Darren and I took the Residual Payments course, kind of jumping out of my comfort zone, right? I was looking for a way to make money online post COVID, and ame across David and Patricia and this business model of getting a cut every time a business uses a credit card. 

Their ads and sales funnel pages definitely hooked me. In hindsight, I wish I would have done more research into the kind of personality that you need to have to make this successful. But all of their marketing for Residual Payments just made me feel like I have much time and I wasn't-  I was going to miss something if I didn't act now, all of that stuff. And once I paid the $10,000 to get this course, I realized that you really have to network a lot. And one of the reasons I was looking for something online, that I didn't have to go out into the world and do business elsewhere was I don't like networking. I'm an introvert. I don't like building those business relationships. I know they're important, but I also know that there's other businesses out there that can do it a little better. And so, once I realized that I was going to have to build these relationships to make these sales, I kind of threw on the brakes like, whoa, what am I getting into here? 

And I looked in to get a refund. Turns out that I had not bought the version that came with the 30 day money back guarantee. So, I could not get a refund and I know that I'm not going to be successful doing this. Which is a huge bummer.