Merchant Account Hiring Mill Explained:
What is a hiring mill? The term “hiring mill” generally refers to any company that hires its employees on an independent or part-time basis without the expectation that these employees will someday become full-time workers. Businesses who use hiring mill strategies often expect to see high turnover in their staff and do not bother to provide extensive training or support for new employees. In the credit card processing industry, hiring mill practices are especially common within sales departments.
Many merchant account providers prefer to hire a high number of independent sales agents in locations across the country. The providers usually pay these agents by commission and provide bonuses for bringing in large accounts. While this decentralized method is good for increasing a company’s presence in different markets, it often has disastrous results for merchants. Without careful training and oversight, many independent agents work to sign merchants up for more expensive contract terms in order to earn a higher commission.
For these reasons, hiring mills often receive poor reviews from merchants. As a general rule, merchants can expect better service from companies that utilize full-time, in-house sales teams.
About Phillip Parker
Thank you for reading my review. I hope that it has helped you with your research.
Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services
I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.
From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.
Phillip Parker
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