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Frequently Asked Questions
How do I know if I am eligible for this program?
If you are processing over 1MM in monthly gross revenue, we have program solutions for you. Or if you are in a rapid growth trajectory, we can scale with you.
Do I need to maintain a minimum monthly volume amount to qualify for the program?
Yes, to be your own ISO you need to maintain a monthly volume that will cover your costs. However, if your program is not large enough, we can manage your portfolio under our umbrella and offer a revenue share for your business.
Do I need to have a certain number of locations to qualify?
No, the number of locations you currently have doesn’t factor into your eligibility it is strictly determined by your overall monthly processing volume.
Can I use my existing Gateway and processing platform, or do I need to change my equipment and current method of processing?
Yes, you should be able to continue with your existing processing method unless you have a proprietary system without an open API.
Are there up-front costs to have my own ISO?
Yes, there is an annual fee of $11,200 to get established as an ISO with both Visa and MasterCard. This fee is renewed in July every year.
What is the timeline to get set up as an ISO?
It will take 30 days to register with the card association brands. After your account is established, you are open for business.
Do I need to manage my own PCI Compliance as an ISO?
No, each individual merchant account will be required to perform their own attestation each year. It is imperative that this happens from the devices that are processing so that firewalls and system security can be tested.