What is an Independent Sales Organization (ISO)?

in - de - pen - dent sales or - gan - i - za -tion
noun
A third-party sales organization that signs Merchants up to accept Credit Cards on behalf of one or more Acquiring Banks.
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For more information, read "The Payments System Simplified"
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How Does an Independent Sales Organization Work?

An Independent Sales Organization is a “sales force for hire” used by Acquirers that do not wish to staff and manage a sales force internally. Generally, ISO sales representatives receive a commission for each Merchant they sign.