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A PIECE OF THE PIE

The banks and credit card companies take their share of each transaction, of course. But there’s also the telephone company that transported the call to authorize the purchase. And the “gateway” company that hooked up the merchant to the telephone system. Sometimes an independent sales organization (ISO) takes a cut. Sometimes ISOs work with independent contractors that charge their own fees. [ The complete article is 1454 words long.] To read the complete article, please register below. A link to the complete article will be sent to your email address. If you are already a registered user click here to login.

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