- 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.
MERCHANT ACCOUNT ISO RATES
There are various charges for the merchant account holder to maintain the accounts. However, the merchant account is related to the bank in any way. When the funds are transferred into the merchant’s checking account, the amount of the transaction is deposited by the bank through the electronic medium. There are various rates that are charged by the merchant account ISO. They charge the amount for the services they give to support the merchandise business. Here are some of the rates of the merchant account ISO.
Statement fee: The statement is a record of the overall transaction made during a particular time period. The ISO charges the merchant account $ 10 to $ 15 as the statement fee.
Minimum monthly fee: The ISO requires the total of the minimum transactions made in a month. This fee is charged for using the affiliate programs for the merchandise businesses. The ISO collects this fee in order to cover the expenditure on providing excellent services to the customers. The minimum monthly fee is about $ 25 but it depends upon the merchant account ISO, who fixes the amount. Some of the ISO do not charge the minimum monthly fee for the merchant account holders. If this fee is charged, which is fixed, the merchant account holder has to make the sales up to $ 25, in any way. Perhaps, this is unpredictable and it cannot be guaranteed. The ISO mainly aims at attracting more customers towards the merchandise business. Some provide for free which attracts customers. In this way, the merchant account ISO will have a large number of customers, which is in fact, very beneficial for the merchant account holder as well as for the merchant account ISO. If more customers are attracted towards the business, then the margin of profit will increase soon. Good customer support is considered to maintain the merchant account ISO for the merchandise business.
Termination or cancellation fees: The merchant account is issued on certain term or period. The common time period, until the expiry of the merchant account, is 3 years. However, the term can be extended even more if the merchant account holder wishes. It is, perhaps, beneficial for the merchandise business in the long run as the rates gets better. Most of the merchant account providers charge some amount when the merchant wants to cancel the merchant account services. This is called as cancellation fee. The merchant account ISO do not charge the cancellation fee for the cancellation. The merchant can happily run the merchandise business until the expiry of the term or can exit before the expiry of the term.
Other fees: The banks charge other fees like the transaction fee, setup fee, processing fee, etc. The other fees also include the batch processing fee, credit card terminal fee, non-qualified rates, and many more. The merchant account ISO provides the setup and application, customer service, annual fee, etc for free. This is a great advantage for the merchant account who has adapted the merchant account ISO programs.
