Doc prep services are critical
Whether you’re a dedicated business owner or just an up-and-down individual, at some point, you will need document preparation services. Government agencies also rely on doc preparation firms to get many of their credentials in order.
These service providers help you prepare important documents like your loan repayment credentials and tax-compliance docs, which matter to most people.
It’s no wonder the sector rakes revenue worth a staggering 5 billion US dollars per annum. So preparing documents is an excellent place to start if you are an entrepreneur looking for a lucrative space to explore.
Securing a Merchant Account & Payment Processing Solution for Doc Preparation
Acquiring a Merchant Account for Document Preparation Services is almost a must-do if you’re want to grow your business. It allows you to set up a payment processing solution and your customers to pay for services with their credit cards.
You can either go for a solo merchant account or join one of the pool accounts that Merchant Service Providers (MSPs) offer. These service providers will provide business your business with a virtual terminal that allows you to take credit card payments.
But banks won’t readily accept a doc preparation business for many reasons.
- You do many transactions online, through mail and phone, and such payments are prone to fraud.
- These businesses handle high ticket sales which makes them a no-go-zone for banks
- Excess chargebacks or reverse charges are also a major concern among underwriters
Use a High-Risk Merchant Service and Payment Processor
There are many advantages to working with a high-risk service, but security is king. Most of them understand your risks and needs— and go the extra mile to help you protect your business.
You get chargeback protection, a safe online virtual terminal that detects fraud as well as card authentication capabilities.
Other perks you enjoy include;
- An integrated payment gateway
- POS terminals
- Card info auto-updater
- ACH processing for risky businesses
- Fraud protection
- Telephone & mail orders
- PCI compliant payments
- An online virtual terminal
- Recurring billing capabilities
And lastly, a reliable service complements these offerings with unswerving full-time support. Because of the tricky nature of your small business, they should walk with you every step.
Do a thorough search!
Conducting a detailed search can ensure you find a merchant service provider that will care for your business. Take your time; hurried decisions can threaten to bring down your business.