Tech Support Merchant Account FintechMerchantAccounts.com approves payment processing for Remote Tech Support Merchants.
Securing an IT tech support merchant account to be able to accept credit cards is a necessity for any tech support or IT business. Regrettably, the majority of payment processors and banks black-list these kinds of services because of the increased risk for scams and chargebacks. Luckily, there are options for tech support merchant with the right high risk company and banking partnership.
Computer system Repair
Data Backup & Recovery
and much more …
In the remote tech support and IT industry, you understand that having the ability to accept credit cards online is essential to the success of the operation as customers are oftentimes on the other end of the phone line. If the merchant can not collect payment through credit card then they can’t close the sale. Clients no longer rely on paper money to make purchases, specifically if it’s a bigger amount. Less cash on hand and charge card reward programs have incentivised spending to favor credit card purchases.
Tech Support Merchant Accounts are Hard to Place
Offering a service related to IT or remote tech support has inherent dangers. Reasons for this include:
Changing ticket sales
Tech support and IT companies require specific abilities, which causes greater ticket sales usually than numerous other industries. On the other hand, quick fixes account to much smaller sized ticket sizes. That wide variety of sales amounts makes it harder for business owners and banks to identify an average transaction size.
Fraudulent practices are widespread
Banks and clients both think of the same thing when tech support is discussed: frauds. Pop-ups, malware, and ransonware have actually overshadowed the good side of the tech assistance company, making it seem much less reliable. In order to fight this, strict underwriting and organization practices require to be in place prior to approval.
Tech Support is a Service
Businesses such as these don’t sell tangible items and the customer usually do not comprehend IT terminology or the problems they are facing when technical support problems come up. Because of this, it is much easier to have a dissatisfied customer. Businesses such as these rely more on their ability and not necessarily their people skills. This raises issues that are more difficult to resolve, which may result in dissatisfied clients and increased chargeback ratios.
A majority of banks are not able and unwilling to support a payment processing for online remote technical support merchants for these factors. It does not have to be this way, there are high risk payment processors out there who have the underwriting, facilities, and risk mitigation procedures for IT and tech merchants.
A Tech Support Payment Processor you can Trust
Thankfully, FintechMerchantAccounts.com has the relationships in place to be able to protect credit card processing for tech support businesses. Specializing in high risk merchant accounts, such as remote IT support, we have what you need to succeed.
We provide a devoted account supervisor who assists you remain certified with current bank procedures, gets you set up with a safe and secure account, and supplies risk mitigation and chargeback management tools.
Still Unsure? No Worries, You Have our Support
Even if you have been placed on the TMF or MATCH list. We have the experience track record to get your company up and running. FintechMerchantAccounts. procedures permit you to return to the basics of running your service.
Let us show you how easy it is to get going.
Contact us at 617-918-7235, leave a chat message with Sandy or use the comments section to ask a question.
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