Apply Today For Tier 1 Quality Dropshipping Merchant Account

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payment gateway for dropshipping

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Table of Contents

Get Tier 1 Quality Drop Shipping Merchant Account With Multi Currency Payment Gateway

QuadraPay brings to you a robust Drop Shipping Merchant Account. Start accepting Credit Cards, Debit Cards and ACH on your drop-shipping eCommerce site. Accept payments from over 100 nations in over 10 currencies. Advanced gateway with built-in fraud reduction tools.

Merchant Account For Drop Shipping With Advanced Features.

Hundreds of websites on the Internet claim that they can offer you a dropshipping merchant account, but in reality, very few sites have the capability of assisting you with the right solution. Dropshipping merchants have traditionally attracted high chargebacks. Elevated credit risk puts the acquiring institutions at high credit risk at times.

Fortunately, there are still payment processing solutions with QuadraPay that cater to the requirements of dropshipping businesses. Now you can get approved for a dropshipping merchant account with us. Apply today.

KYC Documents For Your Dropshipping Merchant Account

The KYC documents for a dropshipping merchant account are usually the same as any ecommerce business except for one thing. It requires drop shipping agreements. Let’s look at what KYC documents are needed for a dropshipping business.

  • Dropshipping agreement.
  • Business license
  • Identification proof of all the directors
  • Utility bill of your Business
  • Void Check
  • Business bank statement
  • Previous processing history

Rates And Fees For Drop Shipping Merchant Account

We offer competitive pricing for dropshipping merchants. We offer two types of solutions for this industry.

  • The 1st one is a domestic drop shipping account where the merchant pays around 2.5% to 3.9%.
  • The offshore dropshipping rates range between 4.5% to 6%, with a weekly payout.

Website Compliance For Drop Shipping Payment Gateway.

So you have a website for the dropshipping model, and you think that’s all right. Think Again.

According to QuadraPay’s Team Analysis, 7 out of 10 dropshipping websites fail to pass the initial review. Here are a few major mistakes on dropshipping sites sure-shot rejection candidates.

  • Dummy Products. Many sites show dummy products and think they will be approved. Keep in mind that a human being looks at all pages of your website. Make sure you only list products that you have in the inventory.
  • Mixed Categorization. Follow a niche and dont try to mix various categories. You se that the Alibaba website sells from needle to crane. That’s not going to be the approach on your website. Follow a niche, and it makes your application easy.
  • Dont sell overpriced items. Being realistic with pricing taking 200% or 300 % margin may attract rejections.
  • No refund policy. Your website must have trust pages like terms, privacy, cookies, refund and shipping pages.
  • Social media pages with blank links. Social media talks a lot about your reputation and quality of services. If you put social site links, then make sure these are active.
  • No contact information. Customers like to contact the seller in case of any issues regarding the product and refunds. Just putting a form on the website does not help. Put the details address information. It may include the physical address, email and phone number with a company registration number.
  • Hiding processing history. Do not hide your paypal and stripe history. Show it when you apply for a merchant account.
  • Lorem Ipsum Value. Merchants must know that no one will buy products if you have dummy text in the product description. We come across many sites that show dummy texts. Dropshipping sites must have complete details of all the products you wish to sell on your website. These details should be visible on your dropshipping site.

 

What Is A Drop Shipping Supplier Agreement?

We ask for a supplier’s/dropshipping agreement no matter what processing solution you are looking for, credit card processing, debit card processing, ACH, or APMs. Most manufacturers will be comfortable signing a supplier agreement if you buy their products.

Why Is Processing Statement Important For Dropshipping Merchants?

Many Dropshipping merchants may have Paypal or Stripe statements. Please do not hide these statements. It would help to share your recent processing statements with us proactively. It will help us understand your monthly sales volume and your risk profile. Getting approved increases significantly if you provide the recent processing statement.

Does QuadraPay Provide ACH For Drop Shipping?

For dropshipping merchants, we recommend ACH as a mode of payment processing. If your monthly sales volume is high, you can also qualify for 72 hours check. Our ACH solution comes with API integration, allowing businesses to easily integrate electronic checks as a preferred mode of payment for the dropshipping website.

Contact QuadraPay Today To Get A Dropshipping Payment Processor.

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