Memberships

Membership Merchant Services

Obtaining a merchant account is a valuable resource for businesses selling memberships. Mostly because chargebacks are quite common when it comes to online shopping. These chargebacks will categorize your business as high risk – which just means that your ecommerce business or membership/club company will need a higher risk merchant account provider.

Many Consumers are using disputes as a way to get things for free or dispute actual transactions they engaged in, here are a few examples.

The biggest complaints from customers who file chargebacks against an online shopping and membership club merchant account happen because they want to stop the billing, but the consumer actually engaged and due to terms cannot simply cancel the membership agreement.  Additionally, Customers do not read before signing or do not remember everything they were explained, many times these disputes are started because the consumer feels the membership is different then they were originally explained.

Payment Processing  merchant account for Home Shopping businesses

When it comes to businesses that are high risk, like those applying for online shopping and membership club merchant accounts, simply just means that there are significantly more regulations to adhere to. Restrictions that limit access to resources that would be available to low risk businesses, and far more hoops to jump through before being secured with proper payment processing.

Well, the fact is that big banks and the mainstream payment processors like PayPal, Stripe, and Square do not allow payment processing for high risk businesses like those who are in the online shopping and membership club merchant account industry.

It can seem like this backs you against a wall and that your options are limited – that isn’t true, in fact, you just need to find a payment processing company who works day in and day out with high risk merchants.

Businesses like online shopping and membership clubs that are considered high risk have to know who the right processors are. Those high risk merchant account providers that are willing to process transactions for your high risk business, reputable companies like Aacadia Payments, are offering solutions to those businesses that need it most. These payment processors are willing to accept the liability for the increased risk associated with those categorized high risk businesses.

So, when you need a payments company to provide a high risk subscription box merchant account, just like subscription boxes there are many providers to choose from but not all of them provide Quality products/services – Aacadia Payments can set you up for success and MORE!!  Membership Merchant accounts and Subscription businesses have higher risk of Chargebacks because of:

• Recurring Billing to Customers

• Fraud Claims (many untrue)

• Customers don’t properly review terms and conditions before agreeing 

Discount Buying Clubs and Merchant Accounts

How do you go about getting an online shopping and membership club merchant account for your business? Good question. It’s a relatively simple process that begins with choosing a merchant account payment processor provider.

You need to choose a reputable company like Aacadia Payments, who has direct relationships with bank sponsors that can provide you with payment processing – but the key element to this is understanding that you need a high risk merchant account provider to be successful in your industry.

The trick to the longevity of continually processing payments on your Membership Merchant account is to make sure you select the right Payment Provider from the beginning.  Also understanding that ongoing due diligence does not stop after your merchant account is approved,  you need a partner like Aacadia Payments in your corner, from the very beginning.

The label of high-risk merchant isn’t taboo. There are several determining factors to high risk merchants, like industry, location, and even the type of customers you have, can categorize your business. The reason that the Membership or Buying Club Industry’s are considered High Risk is because of your subscription model, which attracts a higher chargeback number by customers.

This should not make you be too concerned, just because you might be more difficult to be approved. We understand how to get you approved and what documents and information is needed for quick results.  Many companies like Aacadia Payments provide free quotes and proposals to businesses.