Posted on: 29 July 2020Share
If you want to be able to accept payments from your customers on a recurring basis, then you are going to need to find a merchant account services provider that offers continuity billing. Along with looking for this specific type of billing method when searching for a merchant account company, you will also probably want to keep these tips in mind.
Make Sure You'll Get Approved
Many people don't realize this, but you typically have to apply for merchant account services, and there is the possibility that you will not get approved. Some of these services are pretty picky about who they will offer their services to, so they might ask questions about things like the type of business that you operate, the number of transactions that you expect to have throughout the course of a normal month, and more. Luckily, there are some continuity merchant account services that offer easier approvals, so you should be able to find a company that will work with you. Just be prepared to apply with a few different companies, just in case you don't get approved the first time around, such as if you have a new business.
Look for a Company That Offers Great Customer Service
Next, you should look for a company that offers great customer service. You might need help with getting everything set up, for example, or you might need to make changes, such as by ceasing billing of one of your customers. You will not want to have a hard time getting in contact with someone from the merchant account service, and you'll probably want to have as pleasant of an experience as possible when dealing with one of these companies. Therefore, you should definitely look for a continuity merchant account service that offers great customer service, since this will probably benefit you and your business in the long run.
Compare the Fees That You'll Have to Pay
Naturally, if you work with a merchant account service, you are going to have to pay for the recurring billing services that they will offer for your business. You might not mind paying for these services, but you will probably want to keep costs to a minimum if possible. Different merchant account services charge different fees, so you should ask about these fees. For example, you might have to pay a monthly fee for services, you might be charged per transaction, or you might have to pay fees in both circumstances. If you compare costs between different merchant account services, you should be able to find the company that is going to be most affordable.
To learn more information, reach out to continuity merchant services near you.