Merchant Account Types

There are two types of a merchant account which are primarily based on the type of payment system which they use.

• Aggregator Merchant accounts

• ISO Merchant accounts

Aggregator Merchant accounts:

These are the merchant accounts that provide funds to other merchant accounts, i.e. other merchant accounts are facilitated. They are also called Payment Service Providers (PF) or Payment Service Providers (PSP). That type of account makes it easy for small companies to pay fees all the time instead you only have to pay while you are making the payment or transaction.

ISO Merchant accounts:

Independent Sales Organization merchant account for huge business setups is the merchant's account. These types of merchant accounts are exclusive and flexible, offering many options to their owner. The merchant can get currency conversions, customized credit limits and a lot more facilities with this account. Learn More About High Risk Merchant Account.