Have you ever wondered how some entrepreneurs make millions without constantly hunting for new sales? Today, we’re talking about payment processing with my guest, Ira Cornelius, who built a steady stream of passive income through his merchant service company, PayCompass. His business helps process payments for companies in different industries, earning him money every time a transaction happens!
Unlike traditional businesses that require continuous selling to generate revenue, payment processing operates on autopilot.. bringing in recurring income daily, whether the owner is actively working or not. Every time a business processes a transaction, a small percentage goes to the processing provider. Now, imagine that happening across thousands of businesses and millions of transactions; his is how payment processing creates a scalable, high-profit residual income model!!
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