What is an IPSP Merchant Account?
An Internet Payment Service Provider solution is a merchant account used to process the transactions of many merchants all processing transactions under, what can be thought of as, a multitude of sub-merchant accounts. This type of account is usually owned and operated by a processor (we are a certified IPSP). It is ideal for merchants that do not qualify for their own Direct Merchant Account and/or merchants not wishing to setup a corporation with a resident agent in the country of the acquiring bank. This is now required for Direct Merchant Accounts per recent Visa/MasterCard regulations. It is standard for merchants to begin processing with this type of account before acquiring a Direct Merchant Account. NOTE: We screen and monitor our merchants very carefully so that each and every merchant is not at risk of losing their processing as the result of another merchant’s mistake!
