- Transaction processors receive a per-transaction payment for their services based on the total number and transaction amount “batched” and processed each month for merchants.
- ISOs receive an up-front commission for bringing together the transaction processors, equipment vendors and lease financiers in a relationship.
- Equipment vendors provide the actual equipment for transaction processing
- Micro-ticket lease financing companies provide an option for acquiring the equipment needed. Rather than purchase it outright, a lease financing company will purchase the equipment and lease it back.
12/17/09
Leasing Equipment for Credit and Debit Card Processing
Establishing credit and debit card transaction processing involves interactions with a number of partner organizations, including credit and debit transaction processors, Independent Sales Organizations (ISOs), equipment vendors and lease financiers.
Labels:
Northern Leasing,
Northern Leasing Systems,
POS,
retail,
retailing
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