Merchant Account Auto Service Shops/Non Dealer
MCC 7538 / MCG 25/ Service – Vehicles Services and Spares.
Automobile is a very diverse industry and its global. We all know the importance of vehicles in our everyday lives. Automobile business is a very competitive field. Every company is competing with other players to become a number one worldwide or locally. There are different classifications of automobiles. They are categorized into Passenger vehicles, Goods vehicles, or Special purpose vehicles. Passenger vehicles consist of buses and cars. Goods vehicles consist goods lorry and goods carrier. Special purpose vehicles include ambulance, fire engines, and army vehicles.
With the help of classification of automobiles, we can estimate the variety of vehicles manufactured by the automobile companies. Automobile business is very vast and massive field for earning money. We can guess how much revenue it can help business make. Here is some data of gross turnover of the automobile manufacturers in India in USD million(source: SIAM)
According to statistics(source: SIAM), the growth of three wheeler vehicles is 24.19% over last year, i.e., 2018. And passenger vehicles is making a 7.89% of growth over 2018. while utility vehicles,vans, and passenger cars grew 20.97%, 5.78%, and 3.33% in domestic sales. In commercial vehicles, there is a growth of 19.94%. By examining this data, we can assume that there will be a good growth of this business in the upcoming years.
Now let’s talk about their inner parts. The whole automobile is made up of different small parts. Each section has its role to perform. If any part is not working or having any defect your automobile might not work . So now what can we do? You will be searching for an automobile service center to fix the problem.
Automobile service plays a significant role for vehicles. What if you have a car and have some defect in your vehicle. And you don’t know how to resolve it, and there is nobody to help and repair your vehicle. It would be a total waste of money if you have a car but having some defects and flaws and parked in your garage. Automobile service is there to help you and guide you. They will help you with your vehicle’s fault. They will provide you professional engineers to fix your vehicle.
Every automobile need service at times. Otherwise, their mechanical parts will not work . But as an automobile service the problem arises when the payment is getting stuck. Your business needs a payment processor. Automobile business carries high risk due to its variable factor. Variable element doesn’t take time to change its value. Due to high-risk many processors are not willing to provide their service to this kind of business. But when processors take the risk the rates and fees will also be high. So, we at QuadraPay.com are here to help with the low and transparent pricing. If you have an automobile company you know the value of keeping the cost as low as possible. Sometimes repairing can be costly and your customer might not have enough money to pay you at that time. We can assist you in finding payment services no matter how big or small your business is. We are always here to help you. We can help your business in finding cost effective debit and credit card payment processor.
- We don’t take charges for application.
- Most of our processing partners do not charge monthly fee.
- There are no setup fees.
- We can also assist you with reliable chargeback alert and notification services.
- We can assist you to get low rates on Card and ACH processing.
How To Use Merchant Account For Automobile Service Companies:
There are two ways to use these services.
- By using a Credit Card Reader:
In this solution, you can use mobile phones with card swipe attachment. The customer will give his card to you and you can swipe the card to process transactions.
- By using virtual Terminal and Online Payment Gateway:
A Virtual terminal is useful for any automobile service company that accepts orders over the phone. Virtual terminal is also known as Moto Mail Order Telephone Order. Honestly getting a virtual terminal has become difficult these days but merchants with excellent history may qualify for the same. The another approach of accepting payments for your automobile service company would be through the Web API. The Credit Card processing company or the ACH/Echeck payment service provider will send you a detailed API guidelines. Your technical team can easily configure your website to pass on the transaction information to the gateway. Many processing companies also offer readymade plugins for well known platforms like WordPress, Magento, Prestashop, Joomla and Shopify.
Quadrapay is a proud reseller of top-notch Credit Debit. ACH and echeck processing companies. Our team believes in assisting merchants from the automobile industry including those in the service sector with reliable payment processing options. If you are searching for the best way to start processing payments online then you should send as an email on [email protected].