ISO MERCHANT ACCOUNT SETUP PROCESS

Merchants and agents alike are capable of calling in and speaking to a live person. No long hold times or voicemails.
We represent over 10 different banks and processors worldwide. Ensuring that agents are able to place the majority of the accounts they sell. Don’t miss placing a high risk merchant because your current solution only uses one bank.
Our attrition rate is under 3% annually without contract termination fees! The industry average is over 20%. Merchants stay with us because of our pricing and support.
We process hundreds of millions of transactions annually.
Best of all, our agreement is non-exclusive! Work with as many different processors/banks as you would like. We guarantee we will earn the majority if not all of your business.
Call today and let us show you how we can help increasing your residuals while also exceeding your expectations.

Independent Sales Organizations (ISO) is known as “Third Party Merchant account” providers. They are also the sales agents who approach the merchants who enter the online business setup. However, accepting payment through the credit card is important for the online merchandise business to gain a sustainable growth in the long run. The ISO merchant account is a special kind of account which is provided by Independent Sales Organizations (ISO). They also provide real time online transactions through e-commerce websites. The ISO agents allow the e-commerce businesses to use online merchant account but on a chargeable basis. It also allows the business to accept payments made through the online e-check or by credit or debit cards. The ISO agents charge high transaction rates. The merchant account will be setup after a mutual agreement between the merchant and the bank. The responsibilities and rights of each will be sorted by both the parties. According to the agreement, the bank or financial institution pays the amount for all the valid transactions.

The online merchant account holder should choose the ISO provider is suitable for the business and which also helps in enhancing business productivity, maximising the profit, increasing the sales and providing the security. The ISOs have less rules and regulations as compared to others thus it serves as a solution for the new online businesses. In addition to this, the online merchants can save the upfront costs related to the ISO merchant account setup. The online merchant account holders are advised to spend their precious time in choosing a right ISO provider for the business. This is done by gathering information from all the reliable sources on the internet.

During the setup process, the online merchant account holder has to produce certain documents before the ISO agents. They are:

1. Filled up application form.

2. Merchant account business details (type of business and volume).

3. Identity proof and other proofs.

4. Detailed list of service and products which are offered, refund policy, pricing factor and contact numbers of the customer support.

5. Financial statement and position of the business.

6. Income tax files.

7. Proof of business or trade license.

The other merchant account providers charge various fees for various reasons like transaction fees, processing fees, monthly fees, etc. But the ISO agents or the third party merchant account providers will not charge these fees or costs. Only onetime cost is to be incurred by the online merchant account holder during the setup process. In addition to this, the ISO agents or the third party merchant account providers will process the credit or debit card payments. To accept the funds, the ISO agents provides with software that can process the online payments. The software has to be integrated with the business website to make the workings more effective and accurate. Actually, the customer makes online payment directly to the ISO agent who, later, transfers the fund into the checking account of merchant account holder. This is the best and suitable method for the new online businesses.