Become an ISO/Agent
WHAT IS AN ISO?
The acronym ISO stands for independent sales organization. The merchant processing industry defines an ISO as a person or organization that is not a Visa or MasterCard member bank, but who has bank card relationships.
Depending on the information source, an ISO may be referred to as an MSP, which stands for member service provider. Both are one in the same.
This type of partnership can involve the following: acquiring new customers, providing terminal purchases or leases, customer service, acquiring cardholders, and other various tasks.
WHAT IS AN AGENT?
An ISO can sign up sales agents to help with the acquisition of new merchants. Agents are not required to be registered with Visa or Master Card, but rather the ISO is responsible for handling the process.
There is only one caveat to becoming a sales agent: Sales agents cannot introduce themselves as independent services providers, ie with their own business name. They have to introduce themselves as representatives of their sponsoring ISO.
ISO BENEFITS
- Card Brand Sponsorship
- Custom Branded Merchant Statements
- Access to work with our Underwriters Directly
- Dedicated Relationship manager
- Branded full service CRM with Agent hierarchy
- Life Time Residuals
- Residual Payments on the 15th for prior month
- Up to 90/10 splits Retail
- Up to 75/25 splits High Risk
- Access to bored on our EU Payment Facilitator Platform
- Cash Discount Programs
- Auto Approval
- Same day High Risk Approval
- 24 – 72 Hour International Approval
- Access to our Internal Gateway w/ ZERO cost and ability to White label
AGENT BENEFITS
- Branded full service CRM with Agent hierarchy
- Dedicated Relationship manager
- Life Time Residuals
- Residual Payments on the 15th for prior month
- Up to 80/20 splits Retail
- Up to 60/40 splits High Risk
- Access to bored on out EU Payment Facilitator Platform
- Cash Discount Programs
- Auto Approval
- Same day High Risk Approval
- 24 – 72 Hour International Approval
- Access to our Internal Gateway w/ ZERO cost
- Free EMV equipment programs
- Free POS programs
WHY BECOME AN ISO/AGENT OF CHOICE?
As a leader in the industry, Choice has the bank relationships and experience to get merchants approved. Our leverage means that you can offer clients better hardware, better rates and more service types. We have a competitive compensation structure for all agents.