Do You Need Merchant Account Services for Business Consulting?
Business consulting services provide valuable opportunities for improvement to other companies, yet even established consultants can often struggle to find acquiring banks willing to accept and process their transactions. That’s to say nothing about the difficulty faced by entrepreneurs in the process of striking out on their own to provide others with access to their accumulated skills and knowledge. Losing access to a merchant account or going through a long and arduous underwriting process only to receive a denial at the end of the road, can be both incredibly frustrating and a serious roadblock for your company’s development.
Premier One Payments is here to eliminate that concern by throwing open the doors to affordable and effective business consulting merchant account solutions. Our well-developed array of services is suitable for businesses of all sizes and many different levels of need, allowing us to perfectly position ourselves to help consultants struggling with the “high risk” label their industry receives from major financial institutions. Instead of imposing a long and winding underwriting process, we turn around a decision on most applications within just 48 hours – so you really can change your business virtually overnight.
From reliable processing times and fees that aren’t outrageous compared to what you would expect to responsive customer service and a wide arrange of abilities to complement and support our consultant partners, Premier One Payments offers the ideal alternative for businesses classed as “high risk.”
Why is Business Consulting Considered Such a “High Risk” for Banks?
At first blush, it might not seem as though the “high risk” moniker is at all appropriate for a business such as yours. After all, you are not engaging in speculation, and you’re not in an industry that is prone to volatile ups and downs that can make or break a business in a matter of weeks – your industry is all about going into other companies and providing valuable insights. What’s risky about that? Here’s where some industry comes into play: it’s not about the risk involved in the work that you do so much as it is about the risk inherent in the payment structures common in consulting.
Consulting services are often big-ticket items, with clients likely to make the largest share of their payments after you’ve rendered services. In other cases, payments come on an ongoing payment, or you may accept a deposit upfront. In any of these scenarios, your business undertakes large transactions – and that means chargebacks that are potentially just as large. For most acquiring banks, the thought of a business incurring tens of thousands of dollars in a single chargeback is a sign of extreme risk, and it often means that they will decline to underwrite your business.
But you’re comporting yourself professionally and delivering the exact services your clients have agreed upon, you might think. That may be so, but “friendly fraud” is a real problem that affects even the most solidly reputable businesses in any industry. Say there is a delay in your schedule, and you cannot make it to your client to render services at a previously agreed upon time – what if they become disgruntled, decide to move on to other opportunities, and reverse the charges? Not only are you now out the money you were owed, but you’ve also potentially incurred big fees on your merchant account.
For owners and operators, this often leads to a feeling of being stuck between two bad options – have no way to process electronic payments reliably, or work with an acquiring bank that will approve them but only with an outrageous fee structure. Premier One Payments offers an alternative to that scenario. Where other banks decline, we accept – because we know that merely operating in a “high risk” industry is not reason enough to blacklist perfectly stable businesses.
How Premier One Payment Offers Support with a Business Consulting Merchant Account
How are we able to support business consultants who need a high-risk merchant account? It starts with our straightforward application process. We do our due diligence, but we don’t place an undue burden on your business in terms of producing reams of supporting documents. We’ll have a fair, honest look at your details, discuss any important points with you, and begin to work on processing your application without delay. As soon as possible, we will come back to you. When it’s the good news of our approval, we can begin setting up your ability to accept transactions as soon as possible.
Electronic bank transfers, also known as ACH and e-check transactions, are often a preferred method of payment in business to business transactions. We make accepting B2B ACH transfers quick and easy without extra fees tacked on after the fact. However, we also make it possible for you to accept credit card transactions when necessary as well, as well as offering e-commerce technology for consultants who offer pre-packaged courses or training to their clients online.
Just as importantly, we also help to protect you from the very reason your business is in a “high risk” sector – those troublesome chargebacks. Our daily monitoring services, robust reserve system, and quick communication with you take much of the hassle and stress out of this process. You can focus on running the business while we ensure you receive the payments owed for your services.
There are many other things we bring to the table for our clients, too. These additional benefits include:
- Fee structures that are reasonable and flexible for your business, including no fees charged at setup
- Online options for consultants with an e-commerce presence
- Access to international merchant accounts for consultants performing work domestically and overseas
- Dedicated customer service support that does not see or treat you as a number, but a client with a history with our company
- Intuitive, easy-to-set-up gateways for recurring billing, useful for long-term clients
By providing a more well-rounded option for our clients, we aim to eliminate troublesome searches and applications that only end in disappointment. With a keen sense of how to tailor services to meet the needs of consulting services while protecting operators from fraudulent chargebacks, we’re ready to begin working with you immediately.
Apply to Access Solutions for a Business Consulting Merchant Account Today
Helping others improve their business acumen while showing the way to their future successes should not come at the expense of your own likelihood. While you’re busy growing your list of clients and engaging daily with the hard work of running a company, you shouldn’t also need to spend time and energy worrying about your merchant account solutions. With Premier One Payments streamlining the application process and offering easier approval, it doesn’t take long at all to give yourself the solid ground under your feet necessary to walk and ultimately run towards success. Access to a high-risk merchant account can transform a business, removing uncertainty from the equation while offering the safety and cover necessary to weather chargebacks if and they do occur. Why keep searching when the best option is right here?
For more information about how we can deliver these vital services to help you recapture critical cash-flows, apply today to set up a consultation.
Learn More about Premier One and Our Merchant Accounts for Business Consulting
For more information about how we can deliver these vital services to help you recapture critical cash-flows, apply today to set up a consultation.
Payment Processing
- E-Check
- Chargeback Protection
- Credit Card Processing
- Mobile Payments
- Multiple Payment Solutions
Merchant Account Experts
- Fast Debt Collection Account Approval
- High Risk Accounts
- Domestic or Offshore Merchant Account
- POS/Terminals
- No Set Up Fees
SEE MORE GREEN, FASTER,
WITH E-CHECK
- We’re not just credit cards. And neither is your business. By providing eCheck options to customers, you increase business… and the speed at which you get paid!
HIGH RISK SPECIALISTS
- High-volume, high risk merchant processing solutions include load-balancing gateways and multiple MIDS. Beyond secure terminals and speedy payments, you’ll have the support of a high-risk specialist on your speed-dial.