A merchant account is a tool through which the entire payment process is automated. It calls for computerization of the process of receiving a credit card, verifying it, and transferring cash from the customer to the company's account.

Buying and selling of collectibles and gold and silver coins have always been a profitable business. In such an era, many such companies are now moving their service to an online forum. Selling collectibles online allows businesses to reach a larger customer base.

If you are a business specializing in the sale of gold and silver coins and collectibles, not giving your customers the option of online payment can curtail the demand for your product. Therefore, it is highly advised that you open a merchant account.

We are here to provide you with the service you need. By opening a merchant account with our company, you will be able to give your customers the option of paying via their credit cards or electronic checks in person, online, or via mail. You will also avoid paying application and setup fees.

Online merchant accounts

With the arrival of the internet, the trade of gold and silver coins and other unique collectibles have been made easy. With a simple search on a search engine, you can now access various online businesses specializing in such trades.

If your business constitutes selling collectibles, you are likely to have an online forum. Today, merely owning an antique shop cannot guarantee you huge enough sales to enhance profitability. Therefore, it is a necessity to have an online business.

If you have an online business, it is a given that you should allow your customers to make payments online. For this, you need various credit card processing services since no two customers have the same kind of credit card. Finding a credit card processor with the required services can be a tiresome task.

We are here to provide you with a holistic package. Not only do our merchant accounts offer your customers various payment options, but we also ensure that the payment process is secure and swift. With the help of our virtual terminals and gateways which are marked by a simple installation process, your customers can pay via Visa, Discover, MasterCard, Amex, etc.

To cater to the needs of tech-savvy individuals, we provide apps on iPhone and Android phones which allow them to make payments through their mobile phones. All in all, with our online merchant service by your side, you can provide your customers with a convenient mode of payment.

Denied service by other credit card processors?

If you have a collectibles business, there is a high probability that credit card processors will deny you services. Such processors may include PayPal, Stripe, and First Data. The reason behind this rejection is the high risk attached to your business. Credit card processors follow stringent guidelines when accepting or rejecting a company's application for an account. These guidelines include determining whether the company is a high-risk or a low-risk business.

Due to a high chance of chargebacks in the collectible business, your company will be dubbed as being a high-risk one. While multiple credit card processors will deny you their service, we will be more than happy to take you onboard.

We have a partnership with underwriting banks and will be able to provide you with a merchant account. While our rates will vary according to the risk involved, we vow to offer you our services at an affordable price.

Merchant accounts for startups

There has been an upsurge in the number of startups in the market. With the availability of online forums to sell one's product and service, the business world has witnessed the birth of various newly established businesses.

If you are thinking of or have recently started a business dealing with collectibles, you should focus on attracting customers. And what better way to do so than to provide them with a value-added service? Give them the choice of online payment. Portray to them that you care about their convenience.

The first step in doing so will be to open a merchant account. A collectible business is already considered to carry high risk. On top of that, being a startup makes you even more unattractive for credit card processors. This is because startups are riskier than established businesses due to their lack of history. If you are such a startup, you don't need to worry.

We are here to provide you with the service you need. Not only can you open an account with our company, but we also do not charge any application or setup fees or require a rolling reserve requirement. This is the most affordable offer you can get.

Domestic and offshore options

Our domestic options are cheaper and more secure than offshore options. However, we are aware that high-risk businesses like those trading in collectibles and gold and silver coins may require an offshore account. This is because such businesses transact with international clients, therefore requiring multiple offshore accounts. With the help of our network of overseas banks, we aim to provide you with reliable and secure offshore accounts.

Conclusion

Currently, merchant accounts are a value-added service which will help you stand out amongst a sea of competitors. Sooner or later, such accounts will become a requirement. It is better to be an early adopter of technology than being a laggard. Therefore, you should invest in opening a merchant account.

Let us help you in catering to your customers and making the payment process hassle-free. Enjoy our affordable rates and build a network of satisfied customers.