A merchant account is a special type of bank account that allows businesses to receive payments from debit or credit cards. Merchant accounts are necessary when processing credit card transactions online, allowing funds to be transferred from the customer to the merchant’s bank account.
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Without a merchant account, business owners would not be able to accept credit cards from their customers. Setting up a merchant account with an acquiring bank is necessary for the prosperity of your business. By 2025 it is predicted that 75% of all transactions will be made without cash, so it is essential to your business’s success to stay ahead of the curve by being able to accept credit card payments. Setting up a high-risk merchant account can be an even more confusing and cumbersome process.
For over 5 years, Corepay has specialized in providing merchant account services to a wide range of high-risk industries. Choosing the right PSP or acquiring bank for your high-risk merchant account is a real challenge to high-risk merchants. However, Corepay is here to help, by using our many years of expertise and leveraging long term partnerships with high risk acquiring solutions.
If your business is in a low-risk industry, you can look forward to fast approvals in less than 24 hours, first class customer support, the best rates, and reliable credit card processing solutions tailored to the specific needs of your business.
MOTO merchant accounts allow businesses to accept credit card payments by manually entering them into the payment gateway when the client is not present. This is beneficial to merchants who need to process credit card transactions over the phone or mail. With a MOTO merchant account, your business will be equipped to accept payments from major credit cards. Corepay can guide you on the best way to get your MOTO MID up and running.