Global Web has been a leader in the payment processing sector since the late 1990’s, and has been handling merchant accounts with flawless execution. Below, Global Web explains briefly what exactly an ISO (Independent Sales Organization) is, what is does, and how it does it. Its important to understand the term, as ISOs play a major role in today’s economy.
An ISO, simply put, is a third party company that forges partnerships with banks and opens, acquires, or manages merchant accounts for various businesses. For example, if you are running a business, you could work with an ISO to manage your business’s account, process your payments, consult you and more. The fact is, banks are not always willing to open up a merchant account for any banks that applies for one--especially for a business regarded as “risky” by the bank. Thats were ISOs step in--they set up and manage merchant accounts with banks for businesses, and they assume all the risks involved in managing transactions for the business.
In todays word of e-commerce, the vast majority of purchases are conducted using credit cards. Merchants, as such, need to ensure that can accept credit cards. Moreover, it is essential the business use a secure merchant account, and that they take all the necessary precaution to safeguard all transactions. That way, money can be safely transferred from the bank account of the consumer to the bank account of the merchant. Today, many merchant accounts are actually handled by ISOs, rather than the banks themselves.
Indeed, deterring fraud is of paramount importance when it comes to payment processing. Some types of businesses are more vulnerable to fraud than others; luckily, outstanding ISOs like Global Web are there for businesses who face risk. Global Web, thank to its advanced technology and expert staff, ensures that your transactions are secure and safe.
About Global Web
Global Web, established in 2007, provides clients with outstanding subscription and payment processing services and products. Global Web operates from New York City but works with clientele that hail from different parts of the world. In conjunction with offering customers cutting edge technology, Global Web also regularly consults clients on matters related to payment processing. Global Web may be contacted at (877) 855-1753 or via Facebook, Google+ or Blogger.
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