Business Consulting Merchant Accounts

We have multiple acquiring banking partners offering business consulting merchant accounts.

How Does Being High Risk Affect Your Business Consulting Merchant Account?

The two most important factors for businesses with a high risk merchant accounts status are:

Underwriting

If your business is categorized as high risk, such as a business consulting company, you are most likely going to have a more difficult underwriting process. You will be required to come up with tax returns and corporate filing paperwork. Also required are several months up to a year of bank statements and processing background.

Processing Fees

High-Risk merchant accounts normally have more fees then a low risk merchant, specifically due to the amount of Risk taken by the Payment Processor and Bank.

Also, be aware that banks and payment processors have certain thresholds you should be aware of with regards to Chargebacks and Refunds as you will want to stay under those limits to avoid Merchant Account problems.

Also, be aware that not every business is approved by every bank. Your time in business, financials and credit card processing history is reviewed after you submit an application and even then, sometimes, banks decline new merchant accounts if they do not understand it or are not comfortable with the level of Risk. And it can be incredibly tough for a business owner to discover a trustworthy payment processing partner.

Aacadia Payments makes getting approval for your business consulting merchant account simple. Above all, complete our Get Started Now form below to get your business consulting payment processing approval started.

Aacadia Payments Can Help With Your Consulting Merchant Account

When you apply for a business consulting merchant account, the underwriters for the partner bank are reviewing many different aspects of your consulting business. at the same time, the merchant processing company determines whether your business consulting company is one that has a high probability of having many chargebacks. This is one item that can classify your business as needing a High-Risk merchant account.

As a business consulting merchant in need of a High-Risk Payment Provider, you will need to attain a high risk merchant account with a reputable company like Aacadia Payments.

In Summary, Aacadia Payments is the best in the payment processing industry when it comes to Understanding High-Risk merchant accounts.

Why Aacadia Payments?

Aacadia Payments understands the unique needs of the different business consulting related businesses and has established relationships with 47 banks in the US and the UK and 24+ acquiring solutions to become experts in getting business consulting merchant accounts set up and processing payments online.

Merchant Accounts for Consultants and Advisory Firms

Consulting looks like a safe business from the outside, but processors underwrite it differently: invoices are large, the work is delivered weeks or months after the card is charged, and nearly every payment is card-not-present. That gap between billing and delivery is where chargebacks live, so most US acquiring banks simply pass on consulting firms. Aacadia Payments specializes in placing exactly these businesses.

How Aacadia Payments gets consultants approved

• A bank matched to your model. We have relationships with 47 banks in the US and the UK and 24+ acquiring solutions, and we place your firm with one that already underwrites consulting and professional services.
• Straightforward pricing. Typical pricing is 2.99% + $0.12 per transaction; your final rate depends on your volume, average invoice size and processing history.
• Retainers and payment plans supported. Monthly retainers and installment billing run through the same account — see our recurring billing options.
• No-reserve negotiation. We push for no reserve on every account, and you'll know before signing if a bank requires one.
• About 48 hours to approval once your application package is complete, with MATCH list help if a previous processor flagged you.

Selling programs or group coaching alongside consulting? See our high-ticket coaching merchant accounts. Every industry we serve is on our high risk credit card processing page, or you can start your application now.

Business Consulting Merchant Account FAQs

Why is business consulting treated as high risk?

Large average tickets, card-not-present billing, and a long lag between payment and delivered work. Banks price the risk that a client disputes a charge before the engagement finishes — which is why specialist underwriting matters.

Can a consulting firm really get approved?

Yes. If your business is legal, we can get it approved. We place you with a bank that understands consulting, which is how we hold a 99.8% approval rate.

What does processing cost for consultants?

Typical pricing is 2.99% + $0.12 per transaction, quoted before you sign. Your exact rate reflects your volume, average invoice and processing history.

Can I bill retainers or split a project into payments?

Yes. Our gateways support recurring and installment billing, so monthly retainers and milestone payment plans both work on one account.

What helps my application get approved faster?

A complete package: government-issued ID for owners of 25% or more, a voided check or bank letter, and your 3 most recent months of processing and business bank statements. With that in hand, approval typically takes about 48 hours.