Despite being new, the business consulting industry has witnessed growth in recent years. While business consultants offer excellent services that improve other businesses, they also have to face struggles of their own. Perhaps, the chief of these struggles is their search for an acquiring bank that is willing to underwrite their businesses.
Many consultants get their applications denied after going through long and tiring underwriting processes. Some eventually get their merchant accounts closed by the banks. These make life difficult for consultants while also hindering the growth of their businesses. But if you’re a business consultant in search of a merchant account, you don’t have to be discouraged. 5 Star Processing is here to provide you with premium business consulting merchant account solutions.
Our company’s goal is to be of excellent service to consultants that are considered by the banks to be high risk. We will offer you suitable solutions regardless of your company’s needs and size.
Why Is Consulting Business Considered to Be High Risk?As a business consultant, you run a stable business and provide straightforward services. So, it may be a little difficult to understand why financial institutions will deem your business to be high risk.
But it’s not about the services you render. Rather, it is about how payment transactions are done. Consulting business is known to attract big-ticket transactions with the greater part of the payment delayed until after the service has been delivered.
Some other times, consultants receive ongoing payments. In each of these circumstances, you will receive huge payments from your clients and this also means potentially huge chargebacks. Should your client be unsatisfied with your service in any way, you may be returning a payment worth thousands of dollars. No acquiring bank wants to experience this.
How Can 5-Star Processing Be of Help?5 Star Processing is a reputable company that specializes in the provision of high-risk merchant accounts. We have a clear idea of the unique needs of our “high-risk” clients and we do all we can to fetch them the most suitable merchant accounts.
Our healthy relationship with several acquiring banks makes us well equipped to find a service provider that will be a perfect match for you. With us, you won’t have to go through an unnecessary underwriting process. We will streamline the process to ensure that your application is reviewed within 48 hours.
Our staff will examine your documents fairly and also provide you with all the support you need. Upon approval, we will proceed to set up your account so that you can start processing payments in less than a week. Furthermore, you will be provided with all the services you need to combat chargebacks. We will secure your payments by offering fast communication, daily supervision, and a reliable reserve system. Other benefits of choosing us include:
- 24/7 live support
- Favorable and flexible payment structure
- A recurring billing feature
- State-of-the-art cybersecurity and more.