Our Team works actively with merchants from various industries. The reason why we are aggressive with the application process is that we understand the utmost importance of time. We want merchants from almost every industry to start processing as soon as possible. If an active Merchant does not process transactions for one day then it may result in a massive loss. And we don’t keep the term ‘loss’ in our dictionary. That is why our team take special care of every application. If you also want to grow, expand and earn profit in the exponentially growing online business domain, trust Quadrapay as your true companion. From merchant account to all related services, we are ready to help you. We can also guide you to get best global payment gateway providers.
Merchant from Low Risk industry primarily look for Credit Card Processing solutions that are
- Affordable
- Easy to integrate
- Quick to start or the one
- That offers fast approval
- Capability to accept maximum number of credit and debit card brands
- Ability to accept ACH or Echeck Payment Processing as an alternative mode of payment
- Zero set up charges for
- Extremely low set up charges
- Zero or low monthly charges
- Virtual terminal or Mail order telephone order(MOTO) option
We are proud of our partnership with multiple payment processing companies spread across different countries. Most of our payment service providers prefer to work with merchants from low risk industries. Most of the times these merchants can be approved by the payment service providers in less than 48 business hours. You can easily start your online business and step ahead to grow and prosper. By following international laws and ethics, our team ensures safety and stability of our solutions for your specific business model.
An ideal Low Risk Merchant should process transactions of a total monthly value less than $20,000 to $25,000 every month. Merchants with a small average ticket size are also given preferences by the credit card processing companies. We strongly recommend all businesses that accept credit card transactions in USA to use chargeback alerts and notification service. It can help them to reduce the return level and maintain less than 1% chargeback ratio (most of the times in case of Merchants from specific industries).
In case if your application has been declined by multiple domestic payment service providers then you can certainly try applying to offshore payment processing companies. We work with multiple payment processing companies and global payment gateway providers.
If your selling common tangible product from a physical location where the customer’s handovers the credit or debit card to you for processing then most of the times the payment service providers will consider you as a low Risk Merchant
Common Industries that may be considered easy to approve are
- Brick and mortar stores
- Pizzeria
- Salon
- Retail Magazine Store
- Departmental Store
- Hospitals/Doctors Clinic
- Schools.
Merchants from all the industry have to go through a strict underwriting process by the underwriting team and the risk team at the payment service providers location. They look at multiple factors while approving you for a merchant account. These factors may include checking your credit history & your financial standing by comparing your business bank statement and your personal bank statement. We strongly advise all merchants to send all the information that is requested by the payment service provider in the Merchant account application.
