High Volume Telemarketing
Green Pay can meet all your telemarketing processing needs including international payment processing, credit card processing, electronic check & ACH processing, and more!
Telemarketing merchants typically have trouble finding a reliable and long-term solution to accept credit/debit cards. Many banks and processors do not approve telemarketing companies because of the high risk of chargebacks. Green Pay does approve telemarketing businesses and has been for years! We are experts at identifying the risks your business may face, how to intercept those risks and customizing solutions for your business type.
We provide you with a dedicated account executive and 24/7 customer support. If you are operating a telemarketing campaign listed below, contact Green Pay.
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Secure a Merchant Account for Your Telemarketing Company:
- Major credit & debit card acceptance
- Secure payment gateway and virtual terminal
- SSL secured & PCI compliant solutions
- Lower rates than typical telemarketing merchant account providers
- ACH & electronic check processing
- Great rates & FREE integration
- Same day funding
- 24/ Customer Relations and Tech Support
- Chargeback insurance available on all accounts
- & Much More
Best Merchant Account For The Telemarketing Business
Credit card processing can be a real hurdle when you are running a telemarketing organisation that needs to take inbound as well as outbound calls. Telemarketing is a high- risk business and this is a well-known fact. This also leads to the fact that procuring a merchant account for your telemarketing business cannot be a smooth process. Being high-risk very few merchant account providers will like to take over the chance.
High-risk Processor for Telemarketing Company
The telemarketing business is a high-risk business. In some telemarketing business, the merchant is dependent on the customer for business. In order to get a merchant account to process your telemarketing business a number of risk factors need to be taken into consideration. The merchant account provider will look at the following before being ready to provide you with his service:
- The level of chargeback that will be incurred or is likely to be incurred by the business
- The industries that you have served through the telemarketing venture
- The promotional and marketing strategies that you use
- The service costs that you offer
- Yours as well as your enterprises credit rating
You may also wish to switch to a new processing company, irrelevant of whether you operate an inbound or an outbound telemarketing service. The merchant account provider will be able to facilitate the same and will also ensure that the shift is smooth. You will however need to give your processing records which will need to be of a set standard. In case your telemarketing business meets the merchant’s criteria, you can enjoy better rates and privileges from the service provider. The three months processing statements are asked by most of them. In case the telemarketing business has a very bad credit history, then too they can get merchant account providers for their business. However the only drawback is that they will have to shell out a higher fee for the service. This is because the risk is higher in the case where the customer is a bad credit client. There may also be some restrictions like fund deposit delays and cash reserves in case the credit of the telemarketing service provider are very bad. It is only in very rare cases that the merchant account will reject the application.
High Risk Payment Processing Gateway
It is important that the merchant account provider that you choose has a good understanding of what your business model is. This is because a large portion of the revenue that is generated by your business comes from customers who make a credit card payment either online or over the phone. There are many telemarketing organisations that are high risk and this prompts the banks to decline or reject their business plan.
Even if your business generates high volume and lets the bank make huge money by charging higher fees and large sums of money, still it may not be easy to procure a merchant account that is willing to take the high risk of dealing with a telemarketing business. There are underwriters though who understand the business and are ready to approve the business venture.
The telemarketing business deals in a range of services. These include home repair, vacation packages, home remodeling and package tours which they sell at discounted rates. All these make it necessary for the telemarketing service provider to accept payment over the phone or through credit card. The card details that the customer keys in go through a virtual terminal. The merchant rates that are offered to the telemarketing business depend on the business model such as whether it is an outbound or an inbound telemarketing service provider.
How to apply to a merchant account provider?
The process of applying for a merchant account provider for the telemarketing business is a simple process.
- If the credit rating is good then the approval may be easy
- To change to a new processor, the last few months statement needs to be produced
- In case of a bad credit rating additional documents may be required
- Business banking statements may also be asked in case of potential chargebacks
The process may seem daunting. However, how the company handles chargebacks is crucial and this is related to the business nature. The fees may be high but it does work to the telemarketing businesses benefit. When looking for merchant account processors it is important to look for companies that have a quick and simple application procedure and allow the details to be filled online. Also, ensure that the set-up fees are not very high in case you have just started a startup enterprise.
Our representatives are happy to answer any questions you might have about our solutions for small, medium, and large business owners in every company size and industry imaginable. Please contact us for more information or to set up an account today.