Residual Payments Review: Is The Carlins’ Course Legit?

Today, we’re going to talk about an online course named Residual Payments. Find out in this Residual Payments review if this is right for you.

A lot has certainly happened since several countries have issued lockdowns during this current pandemic. Specifically, several industries have closed down, which led to several people becoming unemployed.

Even those that remain employed, their work stress levels are really high during this environment. And it’s not even helping that they have very few options to release them due to the pandemic situation.

That’s why, several people are looking for more opportunities to make money outside of working a 9-5 job. From starting a business to getting several side hustles online.

Most people prefer these opportunities because many of them give you the flexibility of working almost anytime, anywhere. Even when the quarantine protocols have eased up, they still prefer those opportunities because of these benefits.

And to be eligible for some of these opportunities, some people take on several relevant online courses to learn a new skillset. Residual Payments is one of those courses that claim to teach you a new business method to make money.

But before you decide to invest in this system, it’s much better if you read this Residual Payments review first. So you can decide for yourself if this is the right business model for you, or not.

Note that this is a fully unbiased Residual Payments review. I’m not affiliated with Residual Payments, or its creators in any way whatsoever.

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What Is Residual Payments?

Residual Payments is an online training course that gives members another business opportunity to make money. Basically, it trains its members on how they can become a digital payments expert.

According to their official website, they define a digital payments expert as “authorized individuals that allow a business to accept credit card or bank debit card transactions using online ordering or point of sales systems.” Basically, you’re going to offer business establishments a payment processor service, and you’ll get a commission for every sale you make.

In many ways, it’s quite similar to being an affiliate marketer, where you can earn money by promoting products and services to various customers. And when the product makes a successful sale, you earn a percentage-based commission.

According to the creators of this online course, they claim that digital payments is a lucrative industry today. Citing themselves as an example, they claim that they earn an average of $500 per business that buys a credit card processing service through them.

By joining the Residual Payments online system, you’ll be getting everything you need to learn here in order to start your business. You need not look for other similar programs when you avail of this.

Despite the claim that this course teaches you a lucrative opportunity, you must first think carefully before you jump into this course. Basically, you must first consider if this business method is what you really want, and that it’s the right fit for you.

HINT: Someone who’s experienced in sales talking would feel right at home in this business model.

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The People Behind Residual Payments

The Residual Payments training online course is created by the husband-and-wife pair of David & Patricia Carlin.

Residual Payments - David Carlin And Patricia Carlin

Patricia Carlin has been in the digital payments industry for over 20 years and counting. David Carlin, on the other hand, is known to be quite active as a businessman, especially in the e-commerce sector.

Other than those credentials, not much can be said for the couple in terms of their net worth, etc. Which is a common stated factor when financial gurus promote their online courses.

But based on their business profile, it can be said that these two know what they’re talking about when it comes to the digital payments industry. Thus, you can safely say that they’re quite legitimate and qualified to teach this online course.

What’s In The Residual Payments Funnel?

Residual Payments

The Residual Payments training program consists of three parts:

  • The Digital Payments Revolution
  • Become A Highly Paid Agent
  • Advanced Training & Coaching
  • High-Risk Mastery

Each part of the training is essentially a “mini-course” in itself. As they’re also further divided into several learning modules.

Basically, it works like this.

You’ll first have access to The Digital Payments Revolution course upon signing up. But the other courses included, they’re only available through upsells.

Here’s an overview of what’s inside each of the courses, as well as the modules included within them.

The Digital Payments Revolution

The Digital Payments Revolution is what most of you can call, an introductory course.

This course will give you an introduction to the business model of being a digital payment expert, and the benefits of being one. It also talks about why, in their own opinion, it is the best way to make money today.

In addition, this course will give an introduction to the mentors of the entire Residual Payments course.

This course contains seven modules, and includes the following:

  • Meet Your Instructors: Patricia & Dave Carlin
  • What is Credit Card Processing?
  • Why This Is The Most Lucrative Residual Income Business On Earth
  • How Real Residual Income Works vs. Fake MLM Residual Income
  • The Size & Scope Of This Opportunity
  • Who Is A Potential Customer?
  • Getting Your First Account

Becoming A Highly-Paid Agent

This upsell course will now teach you the full details on how you can get started on being a digital payments expert.

Here, you’ll be taught about the things that you’ll need to get started. Also included here are some strategies and tips on how you can effectively get clients to avail of your services. As well as how to avoid any mistakes that a sales agent usually makes.

This course includes thirty modules in all, and consists of the following:

  • Introduction to Merchant Processing
  • Social Media Playbook
  • Avoiding The Pinocchio Effect (Additional Note: The “Pinocchio Effect” is a condition that some employers or clients can observe any slight changes in your body when you’re lying.)
  • Getting The Merchant Statement
  • Understanding The Rate And Bate Tactic
  • Setting Up Your Business Profile
  • Powerful Ways To Make A Business Want To Do Business With You
  • Merchants Love Freebies
  • Understanding The Mind Of A Business Owner
  • Industries To Target
  • The Equipment Side Of The Business
  • How To Get Past The Gatekeeper
  • The Sales Cycle, The Scripts And The Close
  • Winning Examples Of Questions To Ask Merchants
  • How To Avoid Mistakes Every Agent Makes
  • Presentation Of A Cost Savings Analysis
  • Modern Phone Sales Techniques
  • How Many Businesses You Should See In A Day
  • Expert Crafted Introduction Emails That Get Responses
  • Double Down On Commissions When Merchants Sell Online And Retail
  • How To Close A Multio-Location Business
  • When You Are Ready To Quit: Eliminating Self Doubt And Mindset Roadblocks
  • How To Identify High-Margin Industries
  • Advanced Boarding Process Lesson
  • Bank Specific Underwriting Policies And File Requirements
  • Creating Leads through Social Media
  • How To Find Referral Sources And Pay The For Leads
  • Understanding Your Residuals
  • The Winning Formula To Ensure Your Merchants Never Leave You
  • How To Leverage Your Network

Advanced Training & Coaching

As the course title says, you’ll learn here some more advanced training about the digital payments business model. This primarily deals with how you can scale your business so that you can earn more money with it.

The benefit of this course is that you’ll also get some one-on-one personal training with an experienced digital payments expert. In addition, you can also view the marketing templates of the founders of this course, plus more.

This course consists of fourteen modules, and includes the following:

  • You’ll Get A Personal Mentor And Work One-On-One With A Hand-Picked Payments Expert
  • Understanding The Scope Of The Merchant Processing Industry & Where The Big Money Is Sitting
  • Founders Personal Sales And Marketing Templates
  • Avoiding Time-Wasters: Combatting Closed Loop Payment Systems
  • Sell Technology Not Price
  • Selling eCommerce Merchants
  • Fraud Tools That Work For Your Merchants And Put Extra $$$ In Your Pocket
  • Leadership, Leverage & Personal Development
  • Best Way To Bring Your Book Of Business To Payments Authority
  • How To Build Your Own Sales Force
  • Building The Perfect Merchant Package For The Bank – More Approvals!
  • What Industries To Stay Away From
  • Why Chargebacks Are Bad For Your Merchants And Your Merchant Bank Relationships
  • Setting Up A Digital Payments Agency

High-Risk Mastery

More often than not, in this business model, you may encounter clients whose business falls into a high-risk industry. This module will teach you how you can deal with them and secure a sale.

A business is considered “high-risk” when they have been viewed as having a higher risk of financial failure. This judgement is usually handed down by payment processors and other financial institutions, and these businesses may suffer a greater risk of chargebacks when they operate under these high-risk businesses.

Some industries that are known to be high-risk include…

  • Guns & Firearms
  • Adult Entertainment & Goods
  • Casinos/Online Gambling
  • Smoking Accessories
  • Electronics
  • Others

In addition, once you reached this course, you’ll now have an opportunity to be coached under the founders themselves.

  • Intro To High-Risk
  • What Is A High-Risk Business?
  • What Vertical Are High Risk?
  • Rep Risk Versus Chargeback Risk
  • VIP Access To Merchant Banks
  • Questions To Ask High-Risk Merchants
  • Do’s And Don’ts Of Working With High-Risk Merchants
  • How To Leverage A Bank For 30X Profits
  • Guilt By Association
  • Strong Merchant Packages
  • How To Deal With A TMF Merchant
  • Spotting A Scam
  • How To Price High-Risk
  • Understanding Bank Policies
  • Submitting Your First High-Risk Deal
  • How To Avoid Underwriting Delays
  • The Importance Of Telling Your Merchants Story
  • High-Risk Residual Life Spans
  • Selecting Gateways
  • Picking Fraud Tools For Merchants
  • Don’t Burn Bank Bridges

The Digital Payments Playbook

This isn’t really a course, but it’s more of an add-on for the entire Residual Payments online course.

Here, you’ll get a variety of useful materials that you can use to help you with your digital payments business. Such as marketing resources, sample scripting, probing questions, graphics, social media captions, questions, quotes, and a calendar to help with your posting schedule.

How Much Does Residual Payments Cost?

The cost of the entire Residual Payments training program can vary. This depends on which of the courses you availed.

If you only choose to sign it for The Digital Payments Revolution, it’ll cost you $37 only. But keep in mind that it only covers the very basics, and doesn’t even teach you the things that you need to become a successful digital payments expert.

Therefore, in order to get the full training experience, you have to purchase the upsells, AKA the other courses. These can range from $197 to around $5,000. Thus, you can say that the entire Residual Payments course will cost you a total of more than $5,000.

Needless to say, for an online course like this, it is too expensive. Some may justify this, saying that the business model is quite profitable, and you could get a good return of investment with this course.

But I personally think that it’s still too expensive for a business method that isn’t for everyone.

And yes. There is a full refund guarantee, but it only covers the first course. This means that once you purchase any of their upsells, you’re not eligible for a refund anymore.

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Things I Like About Residual Payments

The business model that they teach here is rather unique. It’s somewhat similar to affiliate marketing for a specific niche but at the same time, it’s not.

This also means that you’re going to have less competition from others because of its uniqueness (though that may still change). But what’s even better, however, is the increasing demand for it.

The current pandemic situation has increased the demand for “cashless” payments for some businesses. Thus, the usage of e-cash platforms, as well as credit card payments, would be commonplace, and most businesses would need to adopt that for the convenience of their customers.

Finally, the Carlins seem to be pretty legitimate gurus. They know what they’re teaching on this course, and they’re doing it well.

Things I Don’t Like About Residual Payments

Despite the potential profit you can earn from being a digital payments expert, I strongly feel that it’s not really for everyone. Especially when you’re only looking for a simple side hustle, and not committing full-time.

You’re going to engage in plenty of sales talk and cold calling with clients in order to start this business. While some of us are quite comfortable with that idea, others aren’t so.

It’s going to be quite a struggle to convince several prospects to avail of your digital payments services at first. That is, unless you’re already experienced in sales talking, or have managed to build a solid portfolio of satisfied clients in the past.

But the biggest turn-off about this course, for me, is the price, and the upsells. Since all of the courses included plus the upsells cost several thousands of dollars, it isn’t a suitable one for beginners.

Residual Payments Review: Final Thoughts

To close off this Residual Payments review, let me share a few more insights that could help you.

I assume you now have a basic understanding of how being a digital payments expert works. Especially after reading this Residual Payments review

In certain ways, it could be beneficial to you. It is, however, easier said than done. Although the notion of this business method is simple to comprehend, the execution is time-consuming.

Making money with this is still not an easy task. It will probably take some time because you’ll need to do several things like cold calling with clients, plenty of sales talk to convince them to avail of your services, etc.

In general, you must complete extensive training before you can call yourself a digital payments expert.

But then again, if this business model is something that you may want to do in the long run, then this course could be helpful to you. It’s legitimate, and effective at what it does.

However, if you are looking for a way that can help you make money, then I have an opportunity to share with you. You need not pay that much money to start, and this opportunity has worked for a lot of people already.

If you want to know more about it, just keep on reading this Residual Payments review.

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