Wholesale ISO Registration

Wholesale ISO Registration is the process by which an independent sales organization gains approval from a member bank and a card association (like Visa or MasterCard) to become a wholesale ISO.

This allows the ISO to act as an intermediary between merchants and the card associations and gives them the right to set pricing and assume the risks and liabilities associated with payment processing.

The registration process involves the following steps:

  • submitting an application to the sponsor bank and the card association(s)
  • providing all required documentation
  • paying the associated fees

The applicant must demonstrate their financial stability, experience in the payments industry, and ability to manage risk. Once approved, the wholesale ISO is registered with the card association and can begin sponsoring other ISOs and providing services to merchants.

It is important to note that the registration process, requirements, and fees can vary between different card associations and member banks. It is recommended to consult with a professional or the card association directly for specific details on the wholesale ISO registration process.