I was looking up this topic and I wanted to know the procedure to become a ISO / MSP of a bank to offer online merchant accounts.
Is the process tough ? I know there is a $5000 fee for Visa and MasterCard each and then there is a $2500 annual renewal.
I wanted to know how should one start the process of becoming an ISO / MSP.
I also would like to know about if Merchant Aggregation (something like 2checkout) is a relatively easy option compared to ISO / MSP. What are the fees involved ?