Very Planet works closely with overseas acquirers and ISOs. ISO in destination country focusing on hospitality and travel industry is one of the most important roles within VeryPlanet ecosystem. ISO knows the local merchants and their popularity for Chinese tourists since ISO installs and maintains the POS terminals and talk to merchants in person directly. In some countries, acquirer also handles merchant acquisition and POS terminal installation & maintenance, which is normally job of ISO
Why partner with us?
- Upsell UnionPay solution to merchants if existing acquirer behind ISO is not an UPI certified acquirer member, VeryPlanet could introduce the right acquirer with UPI license in this country to streamline UnionPay card processing.
- If acquirer/ISO convinces merchants to offer discount or coupon to travelers driven by Chinese banks and OTAs, acquirer/ISO could share commission (paid by merchant) and/or fulfillment fee (paid by China bank and OTA) with VeryPlanet.
- Mitigate UnionPay card acceptance cost for existing UPI acquirer
- Enable Alipay and WeChat Payment acceptance at checkout counter or payment webpage for your merchants
