Telemarketing Credit Card Processing | Telemarketer Merchant Account
Why do telemarketing firms need credit card processing services and merchant accounts?
Well, getting someone to answer your phone call can be a challenging task. And getting that same person to write out a check or money order & then mail it to you can be almost impossible.
But telemarketing companies that are able to take payments right over the phone can “strike while the iron is hot” and close the deal at a much higher rate.
Telemarketers that can accept credit cards enjoy the following advantages:
- close a lead that may not have available cash in their checking account.
- customers are easier to ‘upsell’ when they can charge it on their card.
- funds are available within 2 business days vs. waiting 7-10 days for a check
- no bounced checks.
- a significant increase in sales & conversion rates.
In today’s competitive business environment, it’s crucial that you have all of the tools you need to be successful. The Transaction Group provides credit card processing solutions for all types of telemarketers. Take your telemarketing company to the next level by accepting credit cards as payment from your customers.
Risk Issues for Telemarketing Businesses:
When assessing whether to grant your telemarketing business a merchant account so that you can process credit cards, processing companies look at a number of ‘risk factors’ associated with your business. These include:
- the level of chargebacks your business is likely to incur
- the industries you will be serving in your telemarketing activities
- the way your business advertises & publicizes itself
- the cost of your services
- the credit rating of your business and its owner
If you are already processing but wish to switch to a new processing company, you will unquestionably benefit if your business already has a decent processing record. You’ll likely enjoy much more leverage when engaging in bargaining your rates and fees. The majority of processing services are sure to need from you, at the very least, 3 months of preceding processing statements to review, before they’ll hammer out a rate with you.
On the other hand, should your business venture own a poor card processing history, all is not lost, but it may well be more of an issue to get approved, and if approved, you will almost assuredly be subjected to higher than average processing fees.
In the likely event your telemarketing business is assessed as being high risk, you may be subject to added restrictions, for instance fund deposit delays, cash reserves, restraints on sales volume levels, as well as increased discount rates and other fees.
Furthermore, if the merchant account provider assesses your telemarketing business’ risk factors and makes a decision that they are just too significant, it may deny your application for a merchant account altogether. This could be a consequence of any of the issues discussed earlier.
What to Do Next:
The Transaction Group understands the issues that telemarketers cope with whenever it comes to tracking down secure and reputable merchant services.
We know that every business is unique, and so we have developed a number of partnerships with card processors to be certain that we are able to secure the most desirable processor for your organization.
If you want to get started with accepting credit cards today in your telemarketing business, or simply wish to learn more concerning credit card processing for telemarketers, feel free to click on either of the links just below.
Contact Us
Need immediate assistance? Complete this form or call us today at 888-383-8056.
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Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.