Some industries — online pharmaceuticals, nutraceuticals and even collections — can often generate such high volume that their acquiring banks get nervous.
Instabill has a solution with plenty of benefits: Opening multiple merchant accounts.
Are you nearing your volume limits? We can help you.
Contact one of our merchant account managers directly to apply for one of our merchant accounts. Click the live chat feature at the bottom of your screen, or call us at 1-800-318-2713.
Click to expand each section and learn more multiple merchant accounts.
Sometimes, acquiring banks will consider a business high risk if they process too many transactions per month. One of the perks of multiple merchant accounts is the ability to spread transactions among two or more accounts, thus lowering your risk level. What is my risk factor?
Merchant accounts often come with limitations on the use of certain types of credit cards and currencies you can accept on your website. However, having more than one merchant account can make up for those limitations.
Let’s say one of your accounts allows you to accept payments from Visa credit cards in US dollars only. You can look for a second account that allows MasterCard payments as well as British pounds, euros and more.
Opening more than one merchant account may seem like a hassle. However, Instabill makes the application process quite simple, and you can have your payment processing solutions set up in just 3-4 business days. Our wide range of acquiring banking partners allows us to deliver completely customizable solutions to you, in as little time as possible.