Limo Credit Card Processing Account. Compare our rates Anywhere.
A limo credit card processing account is a specialized merchant account that meets the industry-specific transaction processing requirements of limousine service providers. These merchant accounts allow limo businesses to accept credit and debit card payments, as well as various other payment methods, for their luxurious limousine transportation services.
The merchant classification code (MCC) assigned to Limousine services is 4121, while the corresponding SIC is 4119 for Local Passenger Transportation, Nec. In the NAICS system, it falls under 485310 for Taxi Service.
Most credit card processing companies consider this industry safe to onboard because of the high percentage of face-to-face transactions. Merchants in this industry accept consumer as well as corporate cards; however, the percentage of consumer cards is much higher than corporate cards primarily because the industry is leisure-oriented.
The payment processing needs of a Limousine company are totally different from a taxi operator company. Limousine company operates an upscale business and must offer premium quality credit card transaction processing experience to its clients.
Credit card processing for Limo and Livery service companies.
Limo companies offer on-time airport transfer services. Clients use this service to ensure they are on time for arrival and departure.
Wedding transportation is another service offered by limousine companies, which includes transporting the bridal party, groomsmen, and guests between venues.
Corporates also book the services of limousine companies for various events like meetings, conferences, roadshows, product launches, and rewards and recognition activities.
Special event transport is another service segment of limousine companies. These include transportation of guests for concerts, sports events, music shows, proms, anniversaries, birthdays, and graduations.
Many limousine companies also offer specialized tours of wineries and breweries. These tours offer an amazing experience to guests where they can taste wine and relax without worry.
Some limousine companies also offer funeral transportation services. They provide respectful transportation services for funerals and memorial activities.
Dinner and restaurant transport is another vertical where limousine companies make great contributions. They offer transportation services for dinners, date nights, and restaurant outings. This service offers a great addition to the fine dining experience.
Our credit card processing solution can support all the above-listed limousine services throughout the US, Canada, UK, and EU.
Online Credit Card Processing for Limo Companies
With an online merchant account, limo companies can add a credit card processing facility to their business website and mobile app. Customers can place bookings online and make upfront payments by using their preferred credit and debit cards.
Our limo merchant account solution can be easily added to limo websites built on various limo themes like Luxedrive, Grand Car Rental, AutoRide, Limo King, Limo Drive, LuxRide, Chauffeur, Limmie, RideAlong, CityCruise, LimoRent, ProDrive, Royal Limo, and Lima.
Retail Credit Card Terminal for Limousine Companies
We offer brand new credit card terminals for limousine companies. These terminals and card readers can be used to accept face-to-face payments. Our limousine credit card terminals can be placed at the corporate office and can also be placed inside the limo for on-the-go payments.
With multiple connectivity modes like 3G, 4G, Bluetooth, and PSTN, these terminals offer round-the-clock processing capabilities. The mobile payment processing capability of our solution allows drivers to accept payments on the go using smartphones or tablets
With our terminals, limo drivers can accept EMV cards, magnetic strip cards, QR code payments, and NFC payments.
Features of Limousine Credit Card Payment Gateway
Our Limo credit card processing solutions are powered by some of the most respected merchant acquiring institutions. These strong payment processing players serve as the backbone of our services and provide top-rated features. Let’s look at some key features of Limo Credit Card Processing accounts.
Limousine companies can accept payments from both corporate and consumer clients. Businesses can easily accept all types of credit and debit cards, including Visa, Mastercard, American Express, and Discover. Accepting all kinds of credit cards gives the Limousine company a competitive advantage.
While many Limousine credit card processing solutions may ask for an application fee, with QuadraPay, you do not have to worry about initial investments. We offer you the setup of a Limo payment gateway without charging any application fee.
Another feature that makes our product extremely attractive is not charging any annual fees. Many processors force Limousine companies to pay an annual account maintenance fee; however, this is not the case with our processing partners.
We bring to you highly affordable pricing that reduces the total cost of ownership of a limousine payment gateway and increases your profit margin.
With the support of domestic acquiring institutions and sponsor banks, our solutions offer you 72-hour settlement, which allows you to access your business funds quickly.
Our Limousine Credit Card processing account can be easily integrated into your website, mobile app, or Limo booking platform. For integration, we offer ready-to-use plugins and detailed APIs.
The built-in report management system gives you clear insights into various transaction parameters, including refunds, chargebacks, and approved transactions.
Application Process for Limo Credit Card Payment Gateway
With QuadraPay, the application process for a Limo credit card processing account is simple. The initial step is to raise an inquiry on our website. We will only need your name, email, and phone number. Our Limousine payment processing expert will contact you to understand your unique needs.
Based on our analysis, we will suggest the next steps, including arranging the KYC documents. After that, we will proceed for underwriting with one of our processing partners. The processing partner will send you the offer, which you can evaluate and, based on your judgment, accept. Our team will support you in the process of integration and even after the activation of the account.
KYC Requirements for Limo Credit Card Processing
It is a legal requirement for credit card processors to confirm the identity of the business owners and also verify the details of the applicant company. This is done by collecting and evaluating KYC documents. In the Limousine Credit Card processing industry, KYC refers to Know Your Customer. Let us look at some of the most common documents that our processing partners will ask for when you apply for a Limousine payment gateway.
These business documents are required to confirm the legal entity. They include the business license, articles of incorporation, or partnership documents.
Personal identification documents of the business owner or authorized signatory can include government-issued IDs such as a passport or driver’s license.
Our merchant account solutions can only be offered to registered businesses, and for that, our processing partners also need to confirm the business address. Merchants can provide a recent utility bill for the director’s residence and company address.
A recent bank statement and processing history display the financial foundation of the applicant company. Additional documents and site inspections can be asked for by the underwriting team based on a case-by-case basis.
