Dropshipping Merchant Account – Improve The Chances Of Your Approval.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Dropshipping Merchant Account By Quadrapay

Drop Shipping Merchant Account – Make It Easy.

Hundreds of websites on the Internet claim that they can offer you a dropshipping merchant account in India, but in reality, very few sites have the capability of assisting you with the right solution. There is a fundamental challenge attached to Dropshipping industry. This industry has traditionally attracted a high amount of chargebacks and also puts the acquiring institutions into huge credit risk at times. Still, there may be a possibility that one of our payment processing partners may approve your drop shipping merchant account. Before you make an application with us, it would be nice if you understand the requirements.

Be ready with your website for Dropshipping Business.

I do realize that you have a website, but you must have complete details of all your products that you wish to sell on your website. These details should be visible on your drop shipping site. Pricing and delivery timeline should be mentioned. Apart from the product description pages like about us, privacy policy, the refund policy, and terms should also be visible on the web site. A proper customer service number with the email address should be visible on the contact us page.

Drop Shipping Supplier Agreement.

No matter what processing solution you are looking for Credit Card Processing, Debit Card processing, ACH Echeck processing, or AMP, our processing partner may ask for the supplier’s agreement. Most of the manufacturers would be comfortable in signing a supplier agreement with you if you buy products from them. The processing company would require a copy of the supplier agreement.

KYC Documents For Your Dropshipping Merchant Account

For the Dropshipping merchant account, the processor would ask for all the KYC documents. These include the business license, Identification proof of all the directors, Utility bill of your Business, Void Check, and Suppliers agreement. Apart from these, the credit card processing company may ask for additional documents on a case by case basis.

Previous Processing Statement.

Many Dropshipping merchants may have Paypal or Stripe statements. Please do not hide these statements. It would help if you proactively shared your recent processing statements with your new acquiring institution. This will help the high-risk processor to understand your monthly sales volume as well as your risk profile — the chances of getting approved increases significantly if you provide the recent processing statement.

Echeck No.1 Option For drop Shipping.

For dropshipping merchants, we recommend echeck as a mode of payment processing. If your monthly sales volume is high, then you can also qualify for 72 hours echeck. Most of the electronic cheque processing companies offer API integration, which allows businesses to integrate electronic check easily as a preferred mode of payment for the dropshipping website.

Rates and Fees for Drop Shipping Merchant Account

You will have to be ready for setup charges. The processing company will also charge a rolling reserve. I hope this helps. Happy Processing.

Bankim Chandra
Bankim Chandra
Bankim Chandra is a Merchant Account consultant. He works with merchants globally and helps businesses in getting reliable payment processing solution. He writes extensively on the internet about Payment Gateways, Credit Card Processing, Echeck Processing, Chargeback Alerts, ACH and Business Funding.