- 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 FEE STRUCTURE
There are many types of charges applied for merchant account holder to maintain the accounts. However, the merchant account is related to the bank. When the funds are deposited into the merchant’s checking account, the amount of the purchase value is deposited by the bank through electronic mediums. There are various rates set up by the merchant account ISO. They charge the amount for the services they while support the merchandise business. Given below are some of the actual rates set by the merchant account ISO.
Term expiry fees: The merchant account is issued for a certain time period. 3 years is the common time period until the merchant account is expired. However, the term can be extended even more if the merchant account holder wishes for. It is very beneficial for the merchandise business, in the long term plans, as the rates gets better. Some merchant account providers charge fees when the merchant wants to cancel the merchant account services, which is called as cancellation fee. The merchant account ISO does not charge any fees as cancellation fee for the cancellation. The merchant account holder can run the merchandise business until the expiry of the term or can exit before the expiry of the term.
Monthly minimum: The monthly minimum fee is about $ 25 but it depends upon the merchant account ISO, who fixes the amount. The ISO mainly aims at attracting more customers towards the merchandise business. Some provide for free which attracts customers. 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. Good customer support cost is considered to maintain the merchant account ISO for the merchandise business. 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. 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.
Transaction statement: The statement is a printed record of the overall transaction made during a particular time period. The ISO charges the merchant account $ 10 to $ 15 as the statement fee. The statements are generated on monthly or weekly basis.
Other additional fees: The banks or merchant account provider charges other fees such as transaction fee, setup fee, processing fee, batch processing fee, credit card terminal fee, non-qualified rates, etc. The merchant account ISO provides the setup and application, customer service, annual fee, etc for free. This is an advantage for the merchant account holder having the merchant account ISO programs.
