Time To Get The Best Australian Merchant Account For Your Business
Australia is a well developed economic country. Thanks to all the new business merchants that are focusing on growing their small business and helping in making a more robust Australian economy. For making better business profits and platform to expand business growth, a company needs to have a reliable payment processing solution to accept credit card payments seamlessly. For this, every Australian business needs the Best Australian Merchant Account to seamlessly accept payments either through local store point of sale or an online website. But as a business owner, you might know already that there are majorly two categories of a business, i.e. Low risk or a high-risk business. Those type of companies that are considered as a risky activity for a processing solution in terms of financial institutions, and most of the banks, then a business merchant may face a lot of difficulties. On such cases, if a high-risk Australian merchant goes to a financial institute for the Best Australian merchant account, then the bank will reject the application because of high-risk business.
But now, with Quadrapay, you can take advantage of advanced payment processing solutions for your business needs. We provide our best processing solution for every Australian business, i.e. Australian high-risk business or a Low-risk business.
Understanding The Best Australian High-Risk Industries
Majorly there are two types of a business which is categorized under as low risk or a high-risk business. For a low-risk industry, the procedure for an Australian merchant account is easy and straightforward. The best part of low-risk merchant account is that it offers low processing rates. But if a merchant comes under the high-risk merchant account, then there will be an outstanding solution required for a merchant account like a merchant account for E-cigarettes. These accounts will allow you to accept payments, but there will be higher processing charges compared to the charges which a low-risk merchant pays for the transaction processing.
How To Get The Best Australian Merchant Account?
The application procedure for the best Australian merchant account is easy with Quadrapay. A business merchant needs to fill the merchant application form and submit it. Along with the merchant application form, it is also advisable to attach all set of KYC documents that makes the application verification and approval faster and smoother.
Some of the important KYC documents are as follows:
- Business Registration Documents
- Voided Check
- Bank statement under the full business registered name
- Processing statements up to the last three months
- Bank statements up to the previous three months
- Identity proof
- Utility bill for the business
For more information on the best Australian merchant account, you can mail us at [email protected].