Getting approved for a merchant account can be difficult when your industry raises concerns about high chargeback rates that need to be overcome; your search for a credit card processing service is over. Affordable merchant account is offered to both new and experienced software merchants. Just get a merchant account for software that just works!
Applying for software merchant account is made a fast and easy process. Once you follow the procedures given to you.
Supported Credit Card Brands and Currencies
Merchant account for software enable you to accept well known card transactions online. Settlement is available in the major currencies — U.S. dollars, GBP and Euros — as well as in other currencies.
Credit Card Processing Fees and Payouts
When looking for a software merchant account, processing fees and payout schedule are among the most important factors, but you must be determined based on your business’s strengths. Among the factors, which affects education are processing volume and history, geographical location, chargeback rates and decline rates.
Your payout schedule will also be determined based on the same factors. You can expect to have your money deposited daily (three days in arrears) or weekly (typically, one week in arrears). Whatever your payout schedule, you will always receive your payouts on time.
Software Merchant Account Application Package
To ensure a fast and smooth application process, all software merchants provide the following documents as a complete application package:
- Merchant Account Application
- Certificate of Incorporation/Registration
- Valid government photo ID or passport.
- Business Utility Bill
- Personal Sum or CV
- Your 6 latest credit card processing statements with your current or latest processor
- Business License, where required by law
- Your 3 month latest business bank statements
- Supplier’s Agreement, if applicable
Applying for an educational software merchant account is very fast and easy. Once the procedures are followed, the processing starts immediately, so you can start accepting credit cards just as quickly as possible.