Know Details About The Credit Card Processing IOS
Since childhood, we are asked which career path we would like to take. Many of us were confused back then and would say a profession about which we had no idea at all. Those professions used to be based upon may be a favorite television character or that of someone we love and admire; it might be someone from the family or outside it. Very few of us are still confused. For those who are confused but would like to make good money at the end of every month, the credit card processing ISO would be a wise career choice.
The job of the best Credit Card Processing Company
Every credit card processing ISO has somewhat similar jobs. They look into whether a person has enough funds to make the necessary transactions. The cardholder’s information is checked and it is authorized. Credit card processing is done in six simple steps:
The consumer is the king of any business. It is with him that a business starts and ends. In credit card processing ISO, the customer has to hand over his credit card details to a merchant in order to buy something.
Merchant is the second party. After the customer had either swiped the card in a card machine or given the merchant the credit card details, the merchant utilizes it in order to get his payment.
A Processor helps in transferring information from the merchant to other parties involved.
- Card network
Whether the customer has used a VISA or a MasterCard, the information is passed on to the consumer bank by the card network.
- The bank
The customer’s bank verifies and authorizes the payment transaction. It lets the merchant and the customer know whether the transaction is successful or has been denied.
- The merchant again
In the last step, the merchant gets the message stating that the transaction is successful or denied and the payment takes place accordingly.
5 top credit card processing ISO companies
Now, for a person to work in a credit card processing ISO, it is very important to select the right company to work with. Some of the top companies are:
- North American Bancard
North American Bancard takes good care not only of its customers but also its merchant services agent. If you are a beginner in this field, you would get great opportunities to be well trained. Their payment is on a daily basis, which means that you don’t need to wait for weeks.
- Total Merchant Services
Total merchant services are one of the oldest companies. Established in the year 1996, they have been recognized for offering lifetime residuals to their merchant services agent for every deal. It is a great company to join if you are an ambitious salesman.
- Pay pro Tech
Pay Pro-Tech looks after its merchant services agent well. They offer medical claims to their agents which is a very big headache for most self-employed persons.
- Harbor Touch
Harbor touch makes the job of their credit card processing agents easy. Being the biggest credit card processing ISO, they allow their agents to provide the customers with selling merchant accounts.
- eMerchant Broker
eMerchant Broker approves all the credit card processing agents who seek to work with them, even if the merchants have high-risk applicants. Selling merchant accounts is now easy.