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Every card processing service requires a merchant account with an acquiring bank. NetPay are a registered ISO and can supply competitive acquisition services through acquiring banks. ISO stands for ‘independent sales organisation’, and effectively means NetPay is registered with Visa and Mastercard as an organisation able to process transactions on a wholesale basis through established acquiring banks.
NetPay buys wholesale processing rates and provides the acquisition service to its resellers and merchants. Merchants will commonly find the NetPay proposition more cost effective that alternatives available from their High Street bank or payment service provider with the added benefit of access to the NetPay Revolution platform for transaction management information and consumer intelligence.