Merchant Account Services
Credit card processing accounts, often referred to as merchant accounts or merchant processing accounts, are the service accounts which provide a business with access to the worldwide payment card system. Access to this system is what allows a business to accept multiple forms of payment from their customers – credit cards, debit cards, checks, loyalty cards, rewards cards, rebate cards, electronic benefits cards, ACH debits, and many others.
Credit card processing, merchant accounts and merchant services in general, can take many forms, largely dependent on how the payment will be accepted, and the type of goods or services being sold or performed.
Wholesale Merchant Processing offers multiple types of merchant accounts that factor in the environment card's will be accepted in, the equipment or software needed to do so, and the type of business that will be accepting the payment card, to provide our clients with the payment acceptance system best suited for their needs.
Retail Merchant Account (with or without tip option)
A Retail Merchant Account is designed for businesses that take the majority of their payment cards in a face-to-face retail environment, such as department stores or movie theaters, and can include the ability to accept tips from customers, such as in a hair or beauty salon.
Restaurant / Lodging Accounts (with or without tip option)
A Restaurant / Lodging Merchant Account is very similar to a Retail Merchant Account, but is specific to businesses within the food preparation or lodging industries. These types of merchant accounts offer the ability for restaurant or lodging specific functions such as server tracking, reservation authorizations and check-in/check-out functionality.
Mail Order Telephone Order / Card-Not-Present Merchant Accounts
Also known as a MOTO or Card-Not-Present Account, a Mail Order Telephone Order Merchant Account is designed for businesses that accept the bulk of their payment cards in card-not-present environments such as mail order or telephone sales.
Internet Payment Gateway Account
Incorporating many of the features of a MOTO Account, an Internet Gateway Merchant Account is required for businesses accepting payments online, utilizing a software payment acceptance solution.
High Risk Accounts
Certain industries carry inheirently higher risks and historically higher incidents of fraud and cardholder chargebacks. Also, personal and business credit scores can influence any businesses designation as high risk.
Wholesale Merchant Processing is willing to work with High Risk Merchant Accounts on a case by case basis. We also work with a number of high risk aggregators who, in cases were we can't or won't, are usually able to provide high risk merchants an acceptance solution that will allow them to accept most forms of card payments.
A partial list of high risk industries includes, but is not limited to: debt consolidation and credit counseling services, travel agencies or services, 'chat' and 'gossip' lines, dating and escort services or other adult oriented businesses, online gambling, and online sales of age restricted products. There are many more.