The expansion of the global business and increase in use of digital currency and online markets has changed the scenario now. Most of the transactions in real estate industry are also done online. Different payment options and processors are used to make the payments. There is an old saying, ‘when in Rome do as the Romans do’. Today merchants involved in real estate should adapt themselves to changing market trends. They should also accept online payments. For this purpose they must have an online merchant account.
Earlier the underwriting guidelines were strict and stringent for providing merchant account. The recent developments and change in business outlook has made these guidelines flexible up to a certain level. Now getting a merchant account is not an impossible task, even for high risk businesses. If you provide your domestic banks with genuine documents, decent credit record and good financial base, there are increased chances of getting a merchant account. In case, if you are unable to avail a merchant account from any domestic bank, you can always try with an offshore merchant account provider. Though they do charge more in comparison with domestic acquirers, but you can easily get a merchant account for real estate business. Real estate industry is a high risk industry, it comes with some problems. The offshore acquirers do charge higher interest rates and also keep provisions of rolling reserve and hold periods. Quadrapay.com has collaborated with the best domestic and offshore merchant account providers. So if you are looking for a merchant account for real estate, we are ready to help you find the most appropriate solution for your business.