#highriskmerchantprocessing

We specialize in Document Preparation Merchant Accounts and merchant accounts for document preparation companies. We approve practically every business type, even if you have been turned down for payment processing.With decades of experience, our team is here to help. Even if you have been shut down by your current processor, we have a solution for your particular situation. We’re available to answer any questions and provide ongoing continued support for our valued customers.

What Is A Document Preparation Merchant Account:

A document preparation merchant account facilitates the abilities to process customer payments and fosters cash flow into the business. Customer payments are the life-blood of any business and may include both debt and credit cards, as well as high-risk each processing to electronically charge a client’s checking or savings account. Automatic recurring billing on a pre-set cycle is another function that may add value. Our experienced staff can determine a merchant service solution to meet your needs.

Merchant Stronghold has a thorough understanding of every aspect of the document preparation industry. We are well versed with all the state legislation and restrictions affecting your business. Whether your document preparation company deals with corporation formations, divorces, student loans, trademarks, name changes or power of attorneys, we have a slew of rock-solid banking relationships on standby; each eager to place your account and give your business the room it deserves to grow.

Document Preparation Merchant Services Are High Risk

The high risk nature of your business suggests you need to identify a suitable high risk payment processor if you wish to get a merchant account for your document preparation business. Search for the provider that’s the best fit for your business. Why? The account services you have will highly influence the way you make money.

How to Get the Document Ready for a Merchant Account?

The first step is to apply for a high-risk merchant account with a high-risk merchant service provider. Reason being, document preparation merchant service is a high-risk industry. This categorization is the reason why you need to find a high-risk merchant service provider, guidelines of which allows accepting documentation preparation companies like Merchant Stronghold.

Copy of the following information must be included in your application when applying for the merchant account:

Owner’s ID

Social security number of the owner

Voided business check

Last three months credit card processing statements (if applicable)

When you apply for a merchant account (which can be done online), a team of credit card processors underwriting will review your application and if approved. Hence, you will be able to accept debit and credit card payments.

CONCLUSION

Internet was a revolutionary idea and till date, it is evolving. Not only for sending emails or social networking, it has also gained popularity in the field of E-commerce. When we talk about E-commerce, a couple of things strike our minds like credit card processing, data security, merchant account, etc. A merchant account is a necessity to accept card payments online along with reliable payment processors. While setting up online businesses, a merchant also needs to take care of these things but if a merchant is planning to grow his business and want to reach customers around the world, he needs to open an offshore account.

What Is An Offshore Account?

The term ‘offshore’ is basically used to describe banks from countries other than home country or foreign lands. An offshore account is like any other merchant account opened in any country other than merchant’s home country. The main benefits of an offshore account are the security and the option of accepting major currencies. It also helps the merchant in increasing revenue due to tax relaxation, provides greater privacy to merchants and helps in gaining more customers (major currency acceptance).

Why It Is Popular Among Merchants?

E-commerce and offshore accounts are highly linked as merchants, irrespective of their industry types. It aims at attracting a majority of customers and look for maximizing sale to earn good profit. To achieve this, the merchant needs to have a merchant account that accepts the majority of credit cards. But it is not that easy to open a merchant account, as it includes many requirements and lengthy procedures, which is not the case with an offshore merchant account. Most of the businesses like to maintain an offshore account as it provides many financial and legal advantages to its client.

Why Offshore Merchant Account?

Most of the merchants choose offshore accounts over merchant accounts for various reasons. Few of them are listed below:

Hassle free procedure

Low taxes/ tax relaxation

Low initial costs

International Reach

Different currencies

Major credit card acceptance

Why Are Offshore Accounts So Popular?

No matter how small or big business you own, any merchant can get an offshore account. Especially, merchants who are planning to set up an online business, irrespective of their size, prefer offshore account over merchant account due to low initial cost.

Every merchant running an online business wants to hit the international market at a certain point of growth. Offshore merchant account makes the acceptance of various currencies as well as credit cards much easier. Although, merchants who are dealing with local customers with the prime objective of capturing domestic market are not much benefitted by offshore merchant account as compared to the merchant targeting the global market.

Things To Remember