Open Up a Merchant Account To Be A Market Leader

Today one could buy different products right from grocery items to electronic goods online. There are various sites that offer varied services like web designing, counseling, etc. Anything under the sky can be obtained through online sites. All you need to do is to open up a browser and type in the product or service you are looking for. Everything is available at your fingertips.

Search engines are the “new” norm through which everyone searches for information, products, and services. Hence all the business that is competing in the market to find a place is using the SEO (Search Engine Optimization) has a competitive marketing strategy. There are reports which state that a search engine processes more than 40000 queries each second. It is quite a remarkable statistic. Hence it further emphasizes the businesses to focus on their marketing strategy so as to optimize their ranking on searches. SEO market is a new business field and it is flourishing as the demand increases.

Online merchant account

Since the SEO market is growing rapidly, one needs to be competitive in order to make a mark in the industry. Saturated markets are filled with many great companies of different talent and skill level who are competing to find a place in the market and are searching for better and newer options to compete. Apart from that, the possibility of chargeback and fraud are quite prevalent in the current scenario, especially in this market. Hence the banks are avoiding this industry.

The SEO service provider will find it quite difficult to survive without opting for a merchant account to process the transactions. If you wish your business to survive and make a mark in this industry you need to choose a good merchant account.

Merchant account service providers offer various payment platforms like Visa, Discover, Amex, Mastercard, etc. Other service options include E-commerce payment solutions. These service providers also design an individual plan in order to cater to individual business needs like:

• CRM payment integration

• E-commerce Payment Gateways

• Recurring automated payment modules

But you need to choose a reputable and trustworthy merchant account service providers as they offer the following benefits:

• Diverse processing solutions

• A Secure speedy online application process

• Quicker Turn- around time for all the approvals

• Your own account managers to speed up the process of application

What to do if you are denied the merchant account

The business owners usually face the challenge of denial while looking for a merchant service provider as most of the banks will not be willing to consider this industry. If you have got turned down for processing payment or if the current processor has shut you down, it is best you approach a startup. They will be offering competitive rates. This is the most important reason why you should choose startup as the rates vary by startup vs history. The startups will be happy to provide you with the merchant account and they approve:

• Local Search Optimization

• SEO Optimization Experts

• SEO software downloads

• Pay-per-click Management

Choosing a reputable startup

A newly found business provides the business owners with the capability to collect electronic payments from the customer. The payment processing consists of credit card processing, debit card processing, check processing and so on. Any SEO specialists need a dependable provider to provide a solution with regard to card payments in order to achieve success here. The startups will offer your personalized service so that you achieve success in your area. You could easily open up a merchant account with no setup fees.

Domestic and offshore options

Offshore merchant accounts are opened with an institution that is located outside your country. Opening up an offshore account is quite beneficial. The main reason for opening up the offshore account is to protect your assets. The protection is needed for any business for the following factors:

• From the bank closure in the home country

• High excess taxes

• From the economic crisis in your country

• From unscrupulous officials and fraudsters

• Loss of assets at once

The offshore accounts will offer the safety of your profits and savings. Not only you lower the risks but also will increase the investment profitability. It is quite legal to open up offshore accounts if you comply with international and your country rules.

In the case of high-risky industry like SEO, opening up an offshore account is very much necessary. It makes it quite easy to accept different countries’ currencies. Also, the domestic and offshore accounts are at two ends of a high volume spectrum. Offshore accounts require the business to maintain minimum sales volume while the domestic accounts require you to maintain a maximum sales volume. Hence it is best that the merchants hold both the accounts for the smooth operation of transactions.

Apart from that, many of the domestic banks will be reluctant in offering payment processing services for certain industry types because of regulatory or legal reasons. Hence a startup like us offers both the domestic and offshore accounts to our customers so that they can increase their sales volume and reach overseas customers.

The approval for opening up both the accounts is quite easy and our friendly customer service team will help you with the entire process. Our expert team of account managers will offer personalized service to you and recommends you the service that is apt for your line of business.