Residual FirstNow hiring independent sales agents · Nationwide
Close Monday.
Paid Tuesday.
Merchant services sales for closers who would rather build a portfolio than chase a quota.
Independent contractor · Commission and residual · Resume required
From close to commission to activation
- Monday
You close
Owner signs. You submit the application from your phone.
- Same day
Underwriting decides
Standard files are decided the day they land.
- Tuesday
Commission paid
Next business day after approval. No net-30, no hold on commission.
- ~24 hours
Account activates
Terminal deployed, merchant starts processing, about 24 hours after approval. Residuals start accruing here.
Residual First is an independent sales agent programme for merchant services and payment processing, recruiting experienced business-to-business closers across the United States.
What comes off before your share
A split is meaningless until you know what it's a split of.
Three costs come off an account before your share is calculated. That is the entire list. No basis points added on top, no reserve taken for losses. The 90-day hold is not a reserve: it vests with you and is paid in full.
Diagram shows the order costs are applied, not their relative size. No amounts are stated or implied.
Why residuals matter
One pays once. One keeps paying.
A commission ends when the deal does. A residual accrues every month the merchant keeps processing, from the day the account activates. Residual is held across your first 90 days. Once you vest it is paid out and then arrives monthly, on every account you have processing, with no production minimum — residuals that have not vested when you leave stay with the company.
One-time commission
Paid once, on the deal
Residual
Held across your first 90 days, then vested and paid monthly
Shape only. Bar heights are illustrative and carry no values — nothing here states, implies or projects any level of income.
The book, as it looks in your portal
Portfolio
- Vista Auto CareMesa, AZ Activated
- Harbor Coffee RoastersPortland, ME Activated
- Cedar Street DentalMadison, WI In underwriting
- Ridgeline HardwareBoise, ID Terminal shipped
- La Palma GroceryFresno, CA Submitted
Every account you board appears in your own portfolio from the day you submit it, with its current status against it. No production minimum is needed to keep it there.
Territory
Sell anywhere. Keep every account.
Agents work their own local market across all fifty states. There are no protected zip codes, no assigned zones and no one else routed into your territory.
Where the product is strongest
Six verticals, one approved product set.
You are not restricted to a category. These are simply where new agents tend to open fastest.
- Restaurants & food service
- Retail
- Automotive
- Professional services
- Medical & healthcare
- B2B & wholesale
What you carry
A full product set, provided at no cost.
You never buy equipment, leads, training, licensing or a background check. Not at any stage.
- Payment terminalsCountertop, wireless and mobile, deployed and configured for the merchant.
- Point of saleFull systems for restaurant and retail, with installation handled for you.
- Gateway integrationsHosted checkout, shopping carts and virtual terminal for online merchants.
- Compliant dual pricingA turnkey programme that cuts merchant cost and takes the hardest objection off the table.
- A named support managerOne person who answers, plus merchant service handled by our team rather than by you.
- Statement analysisQuote a merchant in front of them, from their own statement, on the first visit.
What you place on the counter
- Countertop terminalChip, swipe and contactless
- Mobile readerPaired to a phone, sells anywhere
- POS and standFull register with a paired reader
Supplied to you at no cost. No equipment charge, no lease to sign and nothing deducted from commission.
Filed from your phone, decided the same day
New merchant application
Step 2 of 3 · Business details
- Legal business name
- Harbor Coffee Roasters LLC
- DBA
- Harbor Coffee
- Owner
- Dana Whitfield
- Business type
- Food service
A standard file takes minutes to submit and underwriting decides on it the day it lands.
How we hire
Five steps, published in advance.
Application to first deal: about two to three weeks. Hiring is continuous — no intake window, no closing date.
$15,000 Fast start bonus for new agents, on top of standard commission. Set out in the agent agreement — not a guarantee, and not a projection of earnings.
Apply
This form, resume attached.
Review
Read by a person. Answered either way.
Call
Your record, your market, your current split. You get the comp schedule before the call.
Agreement
Read the residual and exit clauses. We pay for the background check.
Onboard
Systems, pricing tools, first appointments booked.
Straight answers
The questions experienced agents ask.
Are agents employees or independent contractors?
Independent contractors. You set your own schedule and market. No base salary, no draw, no benefits — and the book you build is yours.
When exactly does commission arrive?
The next business day after underwriting approves the deal. Standard files are decided the same day they are submitted, so a deal closed Monday is paid Tuesday.
Who owns the residual on an account I board?
You do, once you are vested. Residuals accrue from the day each account activates and are held across your first 90 days. Once you vest you receive the residual on every account you have processing, including everything accrued during the hold, and it keeps paying whether or not you keep selling. Leave before you vest and those residuals stay with the company.
What is the 40× portfolio conversion?
Your option to swap the monthly residual stream for one payment, at 40× the book’s trailing monthly residual. Entirely your call, and written into the agreement.
Do you provide appointments, and do they cost me anything?
5–6 pre-set decision-maker appointments a day. No cost, nothing deducted. You are still expected to generate your own activity — agents who only work supplied appointments do not do best here.
Can I move a book of accounts from my current programme?
Sometimes. It depends on what you signed — non-compete and portfolio clauses vary a lot between programmes. Bring your current agreement to the call and we will tell you straight.
Is there any cost to join?
None. No leads to buy, no equipment, no training fees, no background-check fee. Nobody asks for bank details before a signed agreement exists.
Do I need merchant services experience?
Merchant services experience helps but is not required. What is: real B2B closing experience, a resume that shows it, and the discipline to work a territory every day.
Application
Tell us what you sell and what you're paid now.
Three minutes. It reaches a hiring manager, not a lead pool, and every application is read.