Merchant accounts for furniture shops

Many merchants are surprised that furniture shops are classed as high risk, we look at the reasons why

Why are furniture shops classed as high-risk in the world of merchant accounts?

Applying for a furniture merchant account can come with its difficulties as the industry is deemed high-risk. For most this is hard to understand, as the sector is one with a reputable and profitable history. The reasons for the ‘high risk’ name tag is due to the number of chargebacks experienced by furniture companies this is normally due to the period from order to delivery date. Also, although the transactions may be fewer they are normally at large amounts – know as high ticket items.

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How to find a merchant account for an online furniture shop

When searching for a merchant account it’s important to know the costs involved and therefore be able to compare like for like when sourcing quotations. Most companies make the mistake of comparing accounts on the rates alone. The rates are charged per transaction and vary dependant on the type of card being processed. Other charges include; authorisation fees, PCI and minimum transaction fees. For our guide on what to expect CLICK HERE.

Furniture payment gateways

To process furniture orders online you will require a payment gateway. The payment gateway acts as a safety net for your clients encrypting their card details to ensure that the transaction is safe and secure. The payment gateway sits between the customers payment details and your merchant account.

Merchant accounts for furniture businesses are not difficult to secure, if you deal with a high-risk expert. An independent broker will be able to help you package your application to a high-risk provider in the best possible way, giving you a better chance of being accepted.

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Served notice by your current provider?

High-risk merchant account providers are constantly reviewing their attitude to risk. If you have been served notice this may be because your current provider has too many similar businesses on the books. It doesn’t mean that you will be unable to find an account elsewhere. SPEAK TO US TODAY.

At Merchant Advice Service, we deal with industry experts who make applications for furniture companies globally. Our advisors will guide you to make sure you get the most from your merchant account and payment gateway. Do not pay over the odds.

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For further information please refer to our full terms and conditions HERE.

Make a quick enquiry

Speak to us directly and get any questions you have answered. Submit your details and we’ll be in touch shortly.

Agree

Tick this box to allow Merchant Advice Service and partnering firms to contact you in relation to your enquiry and associated services. Note we do not use pre-ticked boxes or any other type of default consent. We may use the data on this form to to pass you onto an advisor who suits your specific needs. You may withdraw your consent at any given time.

We will keep record of your data and consent granted to us. Your consent will be reviewed on a five yearly basis to ensure that our relationship and the purpose of the data have not changed.

We act on requests to withdraw the information we hold on you as soon as we can.

For further information please refer to our full terms and conditions HERE.

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