In today stressful world the only thing that offers peace of mind is relaxing music. No matter if the person is introvert or extrovert he or she will undoubtedly have a specific choice for music. Musicians across the world create fantastic compositions that touch our hearts. These musicians can’t create music without using a musical instrument, and that is why musical instruments are vital for the music industry. Musical instruments are being sold locally for ages, but in today’s E-Commerce driven world it is a lot easier to serve buyers around the globe. To do this, a seller would need an E-Commerce merchant account that allows him or her to sell musical instruments. Getting a merchant account for musical instrument sales for card not present scenario is becoming extremely difficult. The fundamental reason for this is high ticket size. Musical instruments have evolved from handmade equipment to technology-driven devices. In today’s world musical instruments are highly dependent on technology, and that is why these instruments are more expensive than the predecessors.
You may be selling a Guitar, Keyboard, Bongo, Tabla or Sitar, but the moment the price of these Products goes beyond $500 it becomes incredibly challenging for the merchant account acquirer to say yes. To resolve this issue, you will need a High Risk merchant account provider that understands your requirement and is ready to onboard you. High Risk Merchant Account providers reduce the risk by charging higher pricing and implementing a small rolling reserve.
ACH and echeck payment gateway for musical instruments.
A considerable number of United States customers do not have access to popular credit cards. Not having access to a well-known card may have multiple reasons including bad credit. As a merchant or a business owner, you would be interested in offering your products to all the music lovers no matter if the personal credit score is bad or good. In this scenario, ACH and echeck payment processing can certainly help you take advantage. ACH payment processing solution gives maximum flexibility to High Risk Merchant. This includes the ability to accept high ticket transactions and also offer recurring and continuity billing in case if the merchant is selling services. Many Merchants from various Industries including Nutraceuticals, Online Dating, Travel, Technical Support, Internet Marketing and Web hosting have already started using ACH payment processing as a reliable mode of payment acceptance.
How chargebacks can affect merchant selling musical instruments?
Since musical instruments are expensive, a small percentage of chargeback can create message challenges to the business. To reduce the impact of disputes and chargebacks merchants from the music industry can utilize services like chargeback alerts and notifications. To understand this service let’s look at an example here.
Jason is a merchant selling guitars all across the United States through his e-commerce website. He also gets orders from customers located in Canada, Australia, The United Kingdom, Bulgaria, Germany, Luxembourg, Belgium, Ireland and other Nations. Sometimes few of his customers raise the dispute. They do not call Jason, but they call the card issuer directly. If the cardholder calls the card issuer, then this may create challenges for the stability of Jason’s Merchant account. If Jason uses chargeback alert services, then he will get the opportunity to receive a notification after the customer calls the card issuer. It will help Jason to coordinate with the customer and resolve issues directly. Eventually, it will help Jason in reducing chargebacks and also retaining more customers.
Prepaid Debit Cards for Musicians and Musical instrument Sellers.
As mentioned earlier a massive number of United States residents do not have access to popular credit cards. In today’s world, if you do not have a Credit or Debit card, it becomes incredibly challenging for you to make purchases online and also in store. In case if you are from the music industry and are struggling with bad credit, then you should certainly look at different prepaid debit card options. Most of these cards are available without a Credit Check or employment verification. Since these cards are primarily for those used to do not have a credit card you do not need a credit card to request a debit card. You do not have to make any upfront payment to get this prepaid debit card. You need a social security number and a physical address to receive these. These cards are not shipped to a PO Box address. We will recommend you to look at Genie Card Platinum Debit Card. It gives you the privilege of getting a prepaid debit card without a Credit check employment verification. This card comes with its account number and routing number to accept ACH direct deposit payments.
Merchant Cash Advance and Business funding for musicians and Musical instrument sellers.
Musical instruments sellers require a massive amount of cash flow. A better way of getting funding for your business would be to look at various Merchant cash advance options. If you are a United States based merchant and have a history of accepting cards in the card present scenario, then you may qualify for funding as well as merchant cash advance. Most of the times there is no upfront cost involved in getting merchant cash advance.