Independent Sales Organizations act as intermediaries in the payments industry, connecting payment processors with merchants. They find merchants, offer solutions, and handle post-sale support, while processors manage transactions
An Independent Sales Organization (ISO) is a third-party entity authorized to market and sell credit card processing services on behalf of banks or credit card companies. ISOs act as intermediaries between these financial institutions and businesses that need to process credit card transactions. They're registered with and regulated by major credit card companies, and they're required to maintain certain standards, including a relationship with a sponsoring bank. ISOs generate revenue from transaction fees and sometimes by selling or renting out equipment like payment terminals or card readers. These organizations play a crucial role in enabling businesses to accept a wide range of payment methods and provide tailored solutions for specific business needs, especially in sectors where traditional banking services fall short. If you're considering working with an ISO, it's essential to weigh the pros and cons to determine if it aligns with your business requirements
Some of the bank incentive stock options ISOs are: Monex, EverLink, Pivotal