David and Patricia Carlin, a power couple in the merchant payment processing industry, present Residual Payments as an online course to earn passive income from home by becoming a digital payments expert. However, is it really possible to generate residual income from this business model? For more information, visit https://www.scamrisk.com/residual-payments/.
Residual Payments is a business program that teaches entrepreneurs how to earn passive income online by becoming digital payment experts. The program claims to teach entrepreneurs how to use the same technique that top payment processing companies such as Stripe and PayPal use to process millions of dollars in transactions each month.
The website for the program features several real testimonials from their students. In one video, a woman who owns New England’s top event planning company talks about her experience with the course and how it has helped her and her connections save money on merchant fees while earning a comfortable residual income.
On the other hand, some of the testimonials on the website are clearly fake. This is a common practice used by scammers who try to convince their victims that the program is legit by showing fake customer reviews and endorsements. Regardless of the authenticity of the testimonials, it is important to do your own research before making any financial decisions.
When you first visit the Residual Payments website, you will find a number of different courses available that range in price from $17 to $47. After selecting the one that best suits your budget, you will be asked to fill out a form and schedule a sales call with a Residual Payments representative. This step is important because it helps the Carlins get to know you and determine whether or not their course is right for you.
Once you complete the application, you will be redirected to a web page that offers more information about the program and the different options you can choose from. The first option is a mini-course called The Digital Payments Revolution that costs $17. The second option is a playbook that delves deeper into the many services you can offer and how to sell them to clients. This upgrade is priced at $47 and includes a number of marketing tools such as sample scripting, probing questions, images, social media captions, quotes, and calendars.
The third and final option is a private coaching session with the Carlins, which will cost you thousands of dollars. This is a high-pressure approach that may be uncomfortable for people who are not used to being in a sales environment.
What Are Residual Payments For?
As a way to make money from home, passive or residual income has become very popular. But it’s often difficult to determine which opportunities are legitimate and worth your time. This is especially true when you see courses being promoted with the promise of making millions.
Residual payments are a specific form of intellectual property-based income that is generated from the use of someone else’s intellectual or artistic work. They can be generated from publishing, songwriting, entertainment, franchising, real estate, and even credit card processing. Brokering credit card processing is one particular way that people can earn residual income online, but it’s not a great option for everyone.
The course is designed to teach students how to sell merchant services to businesses, which can be a lucrative source of income. However, it’s important to note that this is a marketing-based business model and not a true “passive” income opportunity. In order to be successful, you’ll need to be able to generate leads and close sales on a regular basis. This can be challenging for some people, particularly if they don’t have experience with sales or are uncomfortable with high-pressure situations.
The program is broken down into nine short modules. The first, called The Digital Payments Revolution, costs $1. However, this is just the first step in a large sales funnel, with upsells that cost more and more. At the end of the funnel, you’ll be asked to schedule a call with a representative from Residual Payments, which can cost thousands of dollars.
One of the upsells is the Digital Payments Expert Playbook, which teaches students how to market themselves as merchant service brokers. This includes sample scripts, questions to ask prospective clients, visuals, and more. The final upsell is a coaching call with the Carlins, which costs $800.
Although this is an interesting business model, it’s not for everyone. In order to be successful, you’ll need a lot of marketing and sales skills, as well as a strong willingness to put in the effort to get results. It’s also not for those who aren’t comfortable with cold calling or contacting business owners directly.
How do residual payments work?
Residual payments are a business model where you get paid each month when a business makes a transaction. This is often a good income stream for those who want to work from home because it provides an ongoing source of revenue without having to spend much time working. This type of income is also known as “passive income” because you don’t need to work hard to maintain it. In fact, many people who use this business model are able to travel around the world while making money at the same time.
The creators of this business model, David and Patricia Carlin, have been in the credit card processing industry for over two decades and have created millions in residual income. They have created a training course designed to teach others how to take advantage of this lucrative industry.
They are able to generate such an income because they are able to help businesses take advantage of the different terminals and fee structures available in the industry. In addition to this, they are able to help them create a merchant account and set up a system that will generate residual payments each month.
One of the ways they are able to do this is by selling their services as affiliates through a payment processor. They will earn a small percentage of each transaction that a business does with the payment processor they recommend. This is a fairly common approach to generating this type of income, and it has been used by many other online entrepreneurs.
In order to be successful with this type of income generation, it is important to know how to sell. This isn’t always an easy task, and it can be very difficult to make any significant amount of money if you are not a salesperson at heart. For this reason, many people who use this business model aren’t able to achieve the levels of success that they hope to.
The website for Residual Payments offers a free video course that will give you some basics about how to start a business in this niche. However, this is only the first step in a lengthy sales funnel that will eventually lead you to a high-ticket course with more direct access to Patricia and David Carlin.
Is residual payment a scam?
There are plenty of credit card processing courses out there, but many of them fail to provide the results that their creators promise. This is because most of these programs are created by people who don’t have much experience in the field they are writing about. They just want to make some money by promoting an oddball money-making system that they’ve come up with.
On the other hand, David and Patricia Carlin are experienced professionals in the field of digital payments. They’ve been featured on a number of podcasts, and they seem very honest and down-to-earth. Their course is also reasonably priced, and it comes with a money-back guarantee.
The course itself is broken down into a series of modules that cover everything from finding clients to closing deals. Module 7 is all about identifying potential clients. For example, you’ll learn why some entrepreneurs aren’t worth pursuing. For instance, Shopify store owners aren’t worth pitching your services to because other integrated payment processors don’t work well on this platform. Module 8 is all about securing your first client. In this module, the Carlins will encourage you to plan a one-on-one call with a Residual Payments representative. This can cost thousands of dollars if you buy it.
Another module is about preparing for sales calls. This includes researching local businesses and compiling a list of potential clients. The Carlins will also give you a playbook that delves into the different services you can offer and how to sell merchant services.
If you follow the steps in the course, you should be able to land your first paying client within a month or two. However, the process isn’t easy, and it will require a lot of time and effort. In addition, it may not be the right fit for you if you can’t handle high-pressure situations.
Moreover, the Carlins only provide a 30-day money-back guarantee for their main course and not for the upsells that they have. This is a serious red flag that they are trying to hide something from their customers.