Merchant Accounts
Made Simple. Made Easy. Made Painless.

The merchant services sector of the financial industry is widely unregulated. Merchant service providers don’t need to be licensed, accredited, or verified in order to sell or resell merchant accounts. Car salesmen, tax professionals, or financial advisors; as an example, all need to be licensed and/or certified to provide their services. If you’re only supposed to work with qualified and trusted companies or individuals for your finances, taxes, or transportation purchases then why would you not do the same when it comes to processing card payment transactions for your business?

It’s a reasonable question to ask yourself. You shouldn’t trust giving your private information to just any merchant service provider that has no required compliance to securing your information, correspondence, transactions, customer information, and the overall security of sensitive information and payments made to your business.

Any bank that sponsors, backs, boards, or funds merchant accounts have strict card payment transaction standards they are required to adhere to by the major card brands, namely Visa and MasterCard, in order to be recognized as a credible financial institution allowed to manage your card payment transactions. These banks designate registered independent sales offices (ISO’s) to provide and sell merchant services on their behalf. There is a strict qualification process to become an ISO and these ISO’s are legally bound to uphold the same strict compliances for data, information, and transactional security that the large banks utilize. They also have to put up a large amount of capital as security against potential threats such as fraud.