Merchant Account for High Volume Merchants
Services and Solutions We Provide
Ecommerce (electronic commerce) has completely changed how we conduct our business transactions. By using a computer network that stretches worldwide (the internet), ecommerce has made it easier to conduct business deals with anybody on the planet. Nowadays, distance does not matter as ecommerce has linked people on different ends of the globe. Besides connecting different parts of the world, ecommerce has made transactions faster and safer. Now people need not worry about getting robbed on their way to an important business deal as they can just transfer the funds to their trade partners online. Thanks to the countless benefits offered by ecommerce, there has been a demand for all businesses to become more ecommerce friendly. One way of doing so is by opening up a merchant account.
Simply put, a merchant account is a type of bank account that allows your business to accept payments made via debit and credit cards. Due to the exponential rise in the popularity of payment cards, many businesses have been forced to create a merchant account just so they can accept their clients' funds.
However, obtaining a merchant account is easier said than done, especially for high volume merchants. As most banks view high volume dealers as a high-risk venture, they tend to deprive them of merchant accounts. This can prove to be fatal for any new startup. You can see a significant portion of your clientele being forced to migrate to your competitors just because they have merchant accounts and accept payment cards. This idea is absolutely abhorrent to our organization. We believe that no one deserves to lose potential clients because they do not accept American Express or MasterCard. Therefore, we try to make the process of getting a merchant account easier for our clients so that they can continue to thrive in the industry. A detailed summary of the services that we extend to high volume merchants is mentioned below.
Online Merchants
First things first, we must acknowledge that setting up a merchant account is no walk in the park. Even well-established business firms can struggle with the stringent application process of getting a merchant account, let alone startups. What makes things worse is that credit card processors like PayPal can exercise their right to deny your startup a merchant account without justifying their decision. We make sure that your startup doesn't suffer any major setbacks in its initial stages. We make the whole process of getting a merchant account as seamless as possible.
Another reason you should opt for our services rather than those of our rivals is that we are well-versed in the tools of the trade. For example, what our rivals won't tell you is how your business stands to profit if you use a recurring billing scheme on your website. Subscription-based billing allows you to charge your clients automatically from your website, which makes it ideal for periodic services like a weekly newsletter or monthly membership fees.
However, before you can access the funds that your clients send you, you must also set up a payment gateway for your merchant account. You gateway makes it possible for you to receive payments from your clients online.
The common man isn't well-versed in the subtle differences between payment gateways and virtual credit card terminals and can opt for the wrong option for their current business model. Simply put, the online payment gateway makes it possible for the customer's payment to reach the merchant bank's processor, while a virtual credit card terminal permits the merchant to access their account online. Once they have access to the account, they must manually enter each credit card transaction. It's important to understand that no option is better than the other, and the best choice for your startup depends solely on your business model. We instruct high volume merchants to opt for the high risk charge service since it is the ideal choice as far as credit card processing and ecommerce solutions are concerned.
Another important aspect for high volume merchants to consider is the different banking options available for their firm. While most high volume ventures rush to get a domestic banking account, this does not mean that you are obliged to get one too. Granted, there are many benefits of using domestic banking options such as lower rates and better banking security, but bear in mind that some business transactions can only be carried out using offshore accounts. Therefore, it is necessary for you to weigh the pros and cons of each option before making your decision as it can have a long-term impact on the future of your firm.
It's an open secret that there are many hidden complications in the high volume industry. One must choose an organization that not only understands these complications and subtleties but also has ways to bend them to your will. By opting for our services, you place the future of your firm in the most capable of hands. We specialize in credit repair services which can be critical in raising the standard of your organization. We feel that this aspect of our service truly differentiates us from our rivals.
We are committed to your success and will do everything in our power to ensure that our clients are prepared for even the slightest fluctuations in the market. Due to our deep understanding of the industry, we can guarantee that your firm won't be caught unawares by 'unforeseeable' circumstances. Many high volume merchants have been forced to become more tech-savvy in the recent past, and our love for this industry ensures that we always propose solutions that go well with your startup's active business model. We are not just hoping for your organization's success; we are counting on it.