Merchant Accounts For Document Preparation Services
An Overview
Doc Prep Credit Card Processing
Why We Proudly Serve Document Preparation Merchants (Even If Most Processors Don’t)
Most merchant services providers do not accept businesses operating in the doc prep industry for two reasons:
- document preparation businesses face significant chargeback vulnerability, stemming in large part from customers who are either attempting to get the service for free by charging it back on their credit card (so called “friendly fraud”), or from customers who are attempting to circumvent the company’s refund policy due to their dissatisfaction with the service provided, and
- because the underlying documents prepared or services rendered may be regulated, ensuring a credit card processing applicant is complying with the appropriate regulations requires that that the credit card processor engage in extra underwriting due diligence.
Due to these two reasons many credit card processors simply decline to offer merchant accounts for the entire doc prep industry.
Soar Payments, by contrast, has proudly offered merchant services to the document preparation industry since its inception. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, combined with our integration of fraud and chargeback fighting technology, uniquely positions Soar Payments to provide low cost reliable merchant accounts for doc prep related businesses.
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 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.
Improving Accounts Receivable With Garima Shah
Accounts Receivable (A/R), invoicing, and bill presentment/payments, are all critical areas for any business to have a handle on. Document preparation companies are no exception. If the doc prep business is smaller or newer, then AR becomes even more important.
Garima Shah, President of Biller Genie, joins the podcast to discuss how technology, and specifically SaaS solutions can improve AR drastically for all kinds of companies.
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!