Merchant Accounts For Accounting and Tax Service Businesses

Merchant Accounts for Accounting and Tax Services

An Overview

SoarPay offers credit card processing solutions for accounting and tax service business.

Why We Proudly Offer Solutions for Accounting and Tax Service Businesses (When Many Other Processors Don’t)

Individuals and businesses often need accounting and tax services, which makes it a fantastic industry for entrepreneurs with accounting and tax knowledge to service. Unfortunately, many processors hesitate to accept all the various types of businesses offering accounting and tax services.

This is for three primary reasons:

  • First – Many accounting and tax service businesses may want to offer services and process credit cards over the phone or online. These “card not present” transactions present a higher risk profile than some processors and banks are willing to work with.
  • Second, accounting and tax businesses have a moderately high chargeback rate, due to some customers being frustrated with not getting tax refunds they expected, or feeling they owe too much in taxes (situations often completely outside the control of the tax business).
  • Third, some businesses offering accounting and tax services may sell software, or other associated tools for accounting and taxes. A smaller number of these are “bad apple accounting businesses” that don’t have licenses to sell software, or commit other types of fraud and give the industry as a whole a bad name.

Due to these three risks, many merchant services providers decline to accept any tax or accounting business, whether they operate as an online store, a physical retailer, or even a manufacturer, wholesaler, or distributor.

Soar Payments, by contrast, has consistently offered solutions for the accounting and tax industry since our founding. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide retail and online businesses with stable, effective, long term credit card processing solutions.

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Frequently Asked Questions

Here are common questions specific to accounting and tax services businesses:

  • What types of accounting and tax service businesses do you service?

    Soar Payments offers merchant processing solutions for a wide range of retail, eCommerce and mobile-based businesses related to accounting and tax services. These include your typical brick-and-mortar CPA professionals operating in offices, as well as online businesses offering virtual accounting or tax services. We also work with a wide variety of businesses that offer accounting and tax solutions in addition to other financial services, such as business planning, credit repair, and more.

  • Is Soar Payments compatible with my existing POS (Point Of Sale) or accounting software?

    Established tax and accounting businesses may have a preferred software platform they use. Because Soar Payments works with most major payment gateways (including, USAePay and NMI), our tax and accounting merchant accounts integrate with most popular software suites.

  • Do you accept businesses that sell accounting and tax software?

    Soar Payments may be able to work with your business directly, or provide you with an alternative solution depending on your type of business. One issue is that if you are selling software, you must be able to present certification that you are a valid reseller. This is due to fraud concerns.

Want more information? Click here to read our extended list of our FAQ.

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Types of Accounting and Tax Merchant Accounts

Soar Payments offers a full-array of merchant accounts to online, brick-n-mortar, and other businesses in the accounting and tax services industries. These include:

Retail Payments

Retail businesses can choose from a traditional credit card terminal, wireless, or point of sale system. Whatever you choose, our retail merchant accounts will have you accepting credit and debit cards faster, and for less.

Mobile Payments

​Want “on the go” mid or high risk credit card processing? Our mobile pay options are for you. Choose between iPad or mobile phone credit card swipers, compatible with both iPhone and Android devices.

Virtual Terminal Payments

Accepting payments over the phone, mail or typed in on your laptop  is easy with our virtual terminal merchant accounts.  No equipment needed. Just log in to your virtual terminal, and type in the customer’s credit card.

eCommerce Payments

Selling online? Our easy to use payment gateways are compatible with, and simply plug in to most major shopping carts. Our mid and high risk merchant accounts are streamlined for eCommerce businesses.

The Payments & Fintech Podcast

The latest happenings in the worlds of payments and fintech impact all kinds of businesses and industries. If you want to offer your customers the best experience around payments, or just want to learn about financial services that could help your business... PayPod: The Payments And Fintech Podcast has you covered!

Each episode, you’ll hear an interview directly with a leader from the payments and fintech industries. We talk with fintech entrepreneurs, security experts, mobile developers, eCommerce pros, and more…

From credit card processing to bitcoin… from retail POS systems to cutting edge digital payments tech… merchant accounts and mobile checkout… we cover it all!

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Our podcast explores the fast-changing world of payments and fintech through interviews with thought leaders around the world. From credit card processing to bitcoin, and digital banks to finance software… we cover it all!