How Can an eCommerce Credit Card Processor Help Improve My Business?
If you own a business in one of the many industries that are labeled by acquiring banks as “high risk,” the popular electronic payment platforms may decline your online merchant account and freeze sales debit and credit card sales collected
. A solution would be to seek experts who can provide eCommerce merchant services, like we do at PayKings. PayKings can put you in touch with the right eCommerce credit card processor from the start, so you are never without online payment processing solutions.
Certain industries are thought to be high-risk. Firms in this class typically have very high discount rates and big security reserves. A retailer is usually classified as high-risk if the business has a greater chance of fraud and chargebacks. These types of businesses need a high risk internet merchant account and eCommerce credit card processor.
What’s Most Important when Seeking Out Credit Card Processing?
Credit card processing providers tend to offer similar services, therefore it’s often like comparing apples to apples when deciding between one over another. If you’re a business owner and plan to accept credit card payments, whether it’s in-person or online, you’ll need a credit card processing provider
that can satisfy your company’s unique merchant needs.
Although you will need to pay some costs and ongoing fees, the ability to accept credit card payments, along with cash, increases your day-to-day earnings considerably and boosts the overall gains of your business.
When it comes to credit card processing, it’s no wonder that PayKings
are the industry leaders in the eCommerce credit card processing provider game. We’ve done the work to set you up with complex solutions and helpful tips for quickly getting you on the road to payment processing so you can accept credit card payments online.
How do I Get Reliable Payment Processing?
One important aspect of getting approved for reliable payment processing is to be completely upfront with the credit card processing company. If not, your merchant account will likely be closed without notice and your company and revenue flow are going to be disrupted. If you are honest and utilize a reliable payment processing company from the start, it will benefit you in the long-term.
If you have had a merchant account before, give your previous payment processing history when applying for a new merchant account. Even if you have been denied service or dropped from an aggregate previously, you can still find a payment processing with a company that’ll work with you and your specific needs.
We talk to each and every retailer to get a clearer idea of their business needs and which payment processing solutions would best suit their needs. PayKings
is extremely transparent about its process and its pricing and can offer payment processing solutions to merchants at the lowest rates in as little as six hours.
Will I Still Be Able To Get Reliable Payment Processing with Poor Merchants Credit?
When you know where to look, getting reliable payment processing solutions—even if you have poor merchants credit—is possible. When you seek out high risk merchant processing solutions, like what we specialize here at PayKings, you can find a merchant account and payment gateway that will process sales for your business.
The mainstream eCommerce credit card processors like PayPal, Stipe, or Square typically won’t accept merchant with a poor credit score. At PayKings, we know no one’s perfect, but we believe all businesses should have the tools for success at their fingertips no matter their struggles in the past. So, if you have bad merchants credit, don’t fret. We have your back at PayKings.
Why is it Important to Accept Credit Card Payments?
It is important for your business to accept credit card payments primarily because we now live in a highly digital, online for everything, technologically advanced world – one in which whatever consumers want are as close to being purchased as a click on their smartphones. For this reason alone, it’s mind-boggling that there are still some companies that do not accept credit card payments as a purchasing method.
Additionally, it is estimated that by 2019, that online shoppers will likely be spending a whopping $39 billion, and businesses will need to accept credit card payments if they want into this market. If your company is unable to accept credit card payments, then you are missing out on a huge slice of the revenue pie, which allows for your competition to gobble up your portion.
In the end, being able to accept credit card payments will help to expand your customer base, especially to those who are more likely to purchase online, which will only keep your customer base growing as consumers learn that they can trust your business for their shopping needs.
Do I need Mobile Credit Card Processing?
The short answer is yes, you definitely need mobile credit card processing. Everyone likes to have choices, and your business’s ability to accept credit card payments, from the comfort on their own homes via mobile, provides customers with the ability to choose the way they want to pay from wherever they might be.
Being given the option to pick their preferred method of credit card processing from the convenience of their mobile phones (via mobile credit card processing) can boost customer loyalty.
A customer who can not pay with their preferred way of payment, especially if mobile credit card processing is not an option for them, a customer is more likely to stop buying with you if they don’t have the freedom of credit card processing from their mobile phones – what’s more, if your competitors are making it that much easier for them to shop elsewhere, they absolutely will.