The 4 best Tech Support Payment Gateway Providers

You may be surprised to learn that there is something like a 'technical support merchant account,' if you own a technology support company and want to pay by card. It's true, however. Companies of IT services receive special care when they pay by credit card. There are, in fact, trading account providers specialized in high-risk merchant accounts.

 

Tech Support - A high-risk industry

 

In general, traditional banks are reluctant to provide these types of businesses with merchant accounts for several main reasons.

 

One of the biggest issues is online fraud. Under the guise of technical support professionals, scammers are known to prey on consumers for access to their money and personal information.

 

The user is often afraid of thinking their the computer is insecure or might crash at any time and therefore pays for a diagnosis and reparation of an existing Problem. 

 

This is a fast and easy method for scammers to make a few hundred dollars for every consumer they contain. These recharge fines can quickly add up and end your accounts if disputes are not processed promptly.

 

Finally, transactions that are only made via telephone or internet are always considered riskier than transactions in person or card.

 

Online transactions are always at risk of fraud because the actual cardholder cannot prove that he uses the card for a particular transaction. With such high costs, it is no wonder that these commercial accounts would not be taken by the banks.

Why do you require a high-risk merchant account for technology support?

 

IT and technology support companies are classified as high-risk companies. The idea that an industry with mild-mannered, self-professed nods is "dangerous" can appear counterintuitive. But this is not the way banks that write commercial accounts decide which business is high risk.

The following are usually characteristics for high-risk companies:

• High rate of charging or fraud

• United States-based offshore business

• Questionable legality of products or services

• Sales or marketing practices questionable

• Poor personal loan score

• Average high sales of tickets

Of the above factors, a high rate of reimbursement or fraud is tended to occur by skittish customers and real scammers and certain IT support providers operate remotely. Furthermore, because some services are charged per hour and bugs or malware can be hard to fix, the average ticket size of the technical support can be large.

 

Moreover, online or via the telephone sales of credit cards are considered risky as the way robbery is used. Given that payments are often paid by the IT services industry, the underwriter banks regard this as an additional risk layer.

 

There are therefore frequently high-risk categories in the tech support industry. Many regular payment processors will not work with high-risk companies, so you work with a high-risk payment processor that charges more.

The 4 Best Tech Support Payment Gateway Providers

 

PaymentCloud: A good, high-risk overall processor specialising in commercial support accounts.

 

Durango Merchant Services: A good, high-risk, overall processor for international dealers.

 

Instabill: A high-risk, in- and internationally specialised processor for high-risk tech accounting: an interchange-plus price high-risk processor.

 

eMerchant Pro: a high-risk processor that works and quickly approves with payment gateway tech support

Applying for the Payment Gateway for Tech Support Business

 

Apply to get payment gateway for tech support business,

to get the process going, you can apply online to the high-risk merchant account provider you want by submitting your basic information.

 

You will then be contacted by a high risk specialist to gather additional information about your company and to ask supporting documents for review in the processor.

 

Make sure that the most frequently requested documents for commercial applications are ready for rapid approval. These comprise:

• You must have a valid government-issued ID
• Avoided check or bank letter
• Previous 3 months letter
• Latest processing statements ( 3months)

 

Social security or employer identification number (EIN) will also be requested by the processor and a secure and operating website or marketing material to be referred from.

Although you do not give your merchant accounts approval to provide the above documents, you can help improve the odds by being proactive.

As previously mentioned, remittances are a major factor in commercial accounts, so you have to do your best to lower your chargeback ratios below 2%.

The display of adequate money in your bank account can also prove to you that you can cover your bills financially if necessary.

 

Get the payment solution for your Tech Support  Business with eMerchant Pro. 

 

The specialty of eMerchant Pro is to find quality payment solutions tailored for each high-risk merchant we can support. In order to provide legitimately processing homes for high-risk companies, we have the expertise and bank relationships necessary.

We can help traders to get approval for a loan card processing account in just 1 to 2 business days with the right merchant information and documentation.

We will help your trading account thrive, so we can set up an online payment filter, a secure payment gateway, and an optional chargeback reduction program, once your account has been approved. Without any second thought, you can contact eMerchant Pro to get the payment gateway for tech support.