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.
  • 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.
Success in micro-ticket lease financing is based on a long-term commitment and ongoing relations between the financing organization and the merchant. For more information, please visit our other Northern Leasing sites: http://wiki.northernleasing.com http://support.northernleasing.com http://blog.northernleasing.com

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