Denied or Closed by Other Credit Card Processors?There is a known method used by most credit card processors to evaluate the applications submitted by merchants. It simply involves the process of checking if a business is high-risk or low-risk. Businesses that are deemed to be high-risk do not get their applications approved by banks. If your application has been denied in the past by a credit card processor, you don’t have to worry because you are now in the right place. We offer specialized services for high-risk companies.
Domestic and Offshore OptionsThe domestic option is more affordable, convenient, and secure than the offshore option. Hence, a domestic account should be your first choice. But if it isn’t offered to you, you should take the offshore option. An offshore account is readily available and it is a good option if your previous applications have been denied.
The Things You Should Look Out for in a Merchant AccountThere are certain factors you should consider when applying for a merchant account. These factors will tell you if the service provider can meet the needs of your telemarketing business.
Payment ProcessesThe rate of your company’s growth will depend on the number of sales you’re able to make daily. This makes it necessary that your account supports payments from all major cards. So, you must choose a service provider that allows you to receive payments from credit cards such as Visa, MasterCard, Discover, and Amex. Our account services will enable you to receive funds from all credit cards via electronic checks and ACH processing.
ChargebacksAnother essential detail that you should look out for is how your service provider plans to assist you in dealing with chargebacks. The unpredictable nature of the telemarketing business guarantees that chargebacks will occur frequently.
Recurring BillingThe merchant account offered by your service provider must have a recurring billing feature. As a telemarketer, there are times when you will have to sell a product or a service to a client severally. With recurring billing, you won’t have to call such a customer repeatedly for billing.
Apply for a Telemarketing Merchant Account with 5-Star ProcessingWe have gathered years’ worth of experience from offering merchant account services to both inbound and outbound telemarketing companies. We will provide you with all the support you will need to run your merchant account effectively and efficiently.