Our technology and services are built by accountants and billing specialist. Having been a BIN sponsored and Card Network registered ISO on the TSYS Solutions / Global Payments platform, we have "insider" experience, knowledge, and insight of the payments processing industry. This has enabling us to develop products and services that foster win-win scenarios for all parties involved in a credit card transaction.
We feel your pain
We understand the challenges of being an ISO:
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You're tasked with managing your portfolio of merchants, often with minimal support from Card Networks, banks, and payment processing platforms. Compounding the issue, flawed reports and files leave you uncertain about the profitability of each MID.
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You're burdened with demanding quotas, while your profits are eroded by annual cost hikes from the Card Networks and sponsor banks.
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The cutthroat competition within the industry often leaves you feeling isolated, with no one playing 'nice.' To add to the pressure, merchants frequently raise concerns about fees they don't understand, and competitors make dishonest promises, putting your relationships at risk.
Challenges we faced as a previous ISO:
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Trying to find new products & services to entice new merchant sign-ups.
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Better merchant tools & resources to support the MIDs in our portfolio.
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New offerings to increase revenue without increasing merchants' fees.
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Handling portfolio risk & staying in compliance with our sponsor banks.
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Auditing TSYS's files & data.
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Reporting accurate information to sponsor banks & Card Networks.
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Quick & accurate residual payout calculations.
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Additionally, our products and audit services found multiple Card Networks' card brand fees being charged to us by our sponsor banks. These and TSYS pass through calculation errors left us accountable for many expenses and costs that were not collected from our merchants. We quickly created a solution and put a stop to that.
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Let us audit your pricing models and revenues. We guarantee to increase your top-line revenues or you pay us nothing for the audit.
What can EIGHT do for your ISO?
The following are some of the benefits that will improve your organization by partnering with us:
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20+% is the average top-line increase to revenue that we have identified & corrected for ISO that we have audited & partnered with.
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Lower your risk by identifying the problematic MIDs in your portfolio.
And, get on the good side of your sponsor bank by providing timely & accurate monthly & quarterly required reports.
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New revenue streams through our merchant portal product. Make additional revenue on your portfolio by providing services that your merchants are asking for.
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Take care of your sales agents by providing them timely & accurate residual payouts & reports.
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Every ISO we audited are miscalculating its residual payouts & are over-paying by up to 40%.
This are just a few of the services that we offer to ISOs. Ask for a copy of our ISV agreement today to find out other areas we can help you with.