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.SPEAK TO OUR HIGH RISK EXPERTS
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.SPEAK TO US HERE
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.WE'RE HAPPY TO HELP
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