First Financial USA (FFUSA) is a merchant services provider. They provide the financial services as well as the hardware for businesses who take credit cards. FFUSA looks at resumes posted online from monster.com or careerbuilders.com, etc. And contacts jobseekers by e-mail. FFUSA looks for people who know nothing about this industry. They promise that if you find merchants willing to use their credit card services that a sales agent will be paid a bonus plus ongoing residual income, 20% of the profit, for as long as the merchant uses FFUSA's service. They really emphasize the residual income as bonuses are both small and if the business is new or never took credit cards before then you don't get any bonus at all.
The scam here is that FFUSA will only provide residuals for 6 months or so then they stop, despite their promises. Additionally, they never explain how the residuals are calculated, they just say "trust us." The vice-president of the company, Chuck Fowler, bragged to me about how he makes $250,000 yearly. No wonder. FFUSA gets a lot of people to make a few sales, pays them a pittance for a bonus, then they keep all the residuals after a few months. At least twice a week FFUSA has telephone recruiting sessions where people are promised all this money with ongoing income from the sale. They constantly recruit new agents because the old agents figure out they aren't making much money. People like Fowler get rich off the residuals the sales agents were promised but no longer get paid for. What I discovered was they charge merchants $800 - $1600 for terminals that can be purchased retail for $200 - $400. The standard industry residual split is 50/50 not the 80/20 FFUSA provides before they cut you off entirely.
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