My Merchant Account Blog

Choosing a United States Merchant Account

Friday, April 14, 2006

If you are in the United States and need a merchant account, you have hundreds of merchant account providers to choose from. And the large independent sales organizations (ISO) and merchant services providers (MSP) usually rely on agents / resellers / partners to sell their services and products. This way they do not have to employ people to sell the services and the agent works when he / she wants to.

The first thing to look for in a ISO / MSP is to determine if they are actually an ISO / MSP. An ISO / MSP will usually look something like this :

Copyright© 2004-2011 CDGcommerce, Inc. All Rights Reserved.
CDGcommerce is a registered ISO/MSP for First National Bank of Omaha, 1620 Dodge St., Omaha, NE - Member FDIC.

This tells you who actually owns the company and what acquiring bank is used.

The footer for the agents / resellers / partners's  website of an ISO / MSP will look something like this:

Mile High Merchant Accounts .com is not a merchant processor.
Our Web site is an information resource site that provides information to educate merchants on available payment solutions.
We are a partner of CDGCommerce, who is a registered ISO/MSP for the First National Bank of Omaha.

It tells you who the ISO / MSP is and it tells you they are a partner with CDGCommerce.

Here is another example (Sam's Club):

© 2011 First Data Corporation. All rights reserved. All trademarks, service marks and trade names referenced in this material are the property of their respective owners.
Sam's Club Merchant Payment Processing is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, CA.

You always want to make sure it tells you in the footer what company it is, if it is an ISO/MSP or an agent and who the acquiring bank is.  If it does not, chances are that it could be a Internet Payment Service Provider (IPSP) (AKA Third Party Processor (3PP).  This could mean you might not have your own merchant identifier or the bank / company might not be located in the United States.  Using this type of provider can sometimes limit your monthly processing volume, fees costs more, and your money might not be automatically deposited into your checking account.

If you are in the United States, we suggest Mile High Merchant Accounts.  Unlike most other partners, their company is dedicated to helping businesses save money.  Their Executive Team has over thirty years of processing knowledge and has used this knowledge to your advantage.  You can rely on their ISO / MSP to provide you the most reliable processing in today's market.  And if your business has an online presence, their Internet merchant account rates is amove the most competive in the market.  By adding the Quantum Gateway to help process the credit card transactions, you can save money in gateway fees, fraud, and chargebacks.  Unlike most other electronic payment gateways, the Quantum Gateway was built with the e-commerce merchant in mind - providing enriched tools like fraud detection, state-of-the art reliable, flexible, secure recurring billing, a Virtual Terminal (versions for both desktop and mobile secure viewing / processing), batch processing, payment tokenization, IP filtering.  You will not find any other electronic payment gateway like it available in the United States.

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