Merchant Accounts For Caterers & Catering Businesses
The Best Merchant Account For Hard To Place & High Risk Businesses In The Catering Industry
Frequently Asked Questions
Here are common questions specific to catering merchant accounts
What types of catering industry businesses do you accept?
Soar Payments accepts a wide range of caterers and catering industry businesses. These include micro and small businesses, as well as mid-sized and large corporate businesses. Catering merchants may provide food service at hotels, hospitals, aircrafts, cruise ships, parks, filming sites or studios, entertainment sites, or event venues; as well as for corporate functions, weddings, and faith-related events.
To be approved, your catering business must prove it can maintain a chargeback ratio below 2%. Applicants with a history of chargeback ratios exceeding 3% cannot be approved. Additionally, your business must be located, and operate, solely within the United States of America. The business owner must also be a US citizen or valid visa holder.
Finally, caterers may be asked to supply copies of any marketing materials (e.g., business website, Facebook page, flyers, mailers). Applicants may also be asked to provide a pricing sheet if this is not available online (e.g., a menu or list of services & rates).
Does a Soar Payments merchant account allow for payment of an advance reservation or deposit? How about preauthorizations?
We understand that it is important for cash flow and operational reasons that your catering business be able to accept deposits or advance reservation payments. A Soar Payments merchant account will allow deposits or reservation payments for up to one full year in advance. Reservations or deposits may not be transacted in excess of one year in advance, and transactions may not have a payment plan that exceeds 12 months.
Merchants may preauthorize a customer’s card within their gateway or terminal of choice, and settle the full payment after the service is fulfilled. We highly suggest that all merchants communicate this process to their customers, and obtain payment authorization agreements, to avoid any false chargebacks due to the customer trying to avoid covering the payment.
What types of catering merchant accounts does Soar Payments offer?
Soar Payments offers a full-spectrum of merchant services to caterers and similar businesses. These include:
- Retail: A retail merchant account enables businesses to accept face-to-face debit and credit card payments via a traditional credit card machine or point of sale system.
- Mobile: A mobile merchant account enables your business to accept face-to-face credit and debit card payments via a swiper (included with each account) that plugs into your mobile phone or iPad.
- Virtual Terminal: Also called a payment gateway merchant account, a virtual terminal enables businesses to accept payments over the phone, via mail, or typed into a computer (without needing other equipment).
- eCommerce: An eCommerce merchant account allows you to accept credit card payments via your website’s online shopping cart.
Want more information? Click here to read our extended list of our FAQ.
Our friendly Customer Support Team is standing by to approve your application
Questions? (888) 225-9405
Accept Retail, Mobile, Virtual Terminal or eCommerce 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.
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.
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 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!
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!