Recurring billing merchant accounts have become increasingly popular as a result of the ecommerce boom. With so many services being handled online, many of which are offered on a subscription basis, it's no wonder that requests are at an all-time high for a merchant account with recurring billing. For instance, many of the adult merchant account requests are labeled high risk due to the fact that most of them involve some form of membership system. Since credit card processing will be executed without the need of a customer's approval, virtually all payment systems of this type will be considered high risk by banks. Due to the benefit of not having to manually perform each membership or subscription renewal transaction every week, month, quarter or year, there's no reason you should not consider a merchant account that automates the task of billing for you. The key is to find an institution that will allow these transactions to ensure a steady stream of income and an automated revenue source.
Ecommerce has really paved the way for businesses to use the Internet as a platform for interacting with the consumer. However, there are added advantages to the Web aside from the facilitated advertising and communication platforms. Businesses such as newspaper companies and websites featuring pay-to-view content have had their jobs made much easier thanks to the automation that is virtually ubiquitous in the computer realm. There's no longer a need to manually compute, budget, account for, and finalize every individual transaction when your business utilizes a membership or subscription system. Instead, online credit card terminals have the ability to process all types of payments without needing you to lift a finger. Unfortunately for most, being able to experience the benefits of such an online credit card merchant account can be greatly impeded by the refusal of most banks to agree to create the high risk payment processing system.
The very impersonal nature of the recurring billing process mortifies banks. They fear for the safety of their capital generated from the process because of the frequency of chargebacks in the field. In addition, because most of these agreements begin online in the first place, there is even less certainty for everyone involved. The high risk merchant account business can be a treacherous one, filled with an array of pitfalls, denials of credit and freezing of funds for indefinite periods of time. The primary issue is being denied or having your funds frozen, and at the same time, companies will notice that it is very easy to get overcharged with bank and credit card fees. Despite all of the potential hazards, Painless Processing can help you breeze through the credit card merchant account acquisition.
There is no doubt as to the increasing popularity of recurring billing merchant accounts using check21 processing technology. While that is a sign that industry is progressing, it does nothing to calm the fears of banks that are worried about potential cash flow problems that may arise because of processing credit cards online in such a way. Our merchant account experts at Painless Processing can promise you a quick and smooth delivery of a recurring billing merchant account that won't break your pocket book. Go ahead and fill out an application and see why Painless Processing is the right choice for all your continuity program needs.