How do you know if your continuity billing business has been categorized as a high-risk merchant?
Continuity billing businesses face unique challenges in the payment processing world. As a high-risk industry, many traditional banks and payment processors are hesitant to work with continuity billing merchants. At PayKings, we specialize in providing merchant accounts tailored to the specific needs of the continuity billing industry, ensuring you can process payments securely and efficiently. If you have a subscription business model, choose PayKings as your merchant account provider.
At PayKings, we specialize in providing merchant accounts tailored to the specific needs of the continuity billing industry, ensuring you can process payments securely and efficiently. We've worked with subscription merchants for years, and understand the unique needs of this industry.
Follow these simple steps to set up your continuity billing merchant account
Start your journey with a simple online application process for your continuity billing business.
Provide the required documents to support your continuity billing merchant account application.
Our expert team will guide you through the underwriting process for continuity billing businesses.
Begin accepting payments for your continuity billing services and watch your business thrive.
The continuity billing model refers to billing that occurs automatically once a customer has given their payment information to the merchant. Subscription merchants rely on continuity billing to receive payments for their services or products. However, this model comes with risks that many merchant services providers aren't willing to take. As a result, subscription businesses need to obtain high-risk continuity merchant accounts.
High-risk merchant accounts are bank accounts that allow merchants deemed 'high-risk' to accept debit and credit card payments.
The biggest reason it can be difficult to find a subscription merchant account is because continuity subscription businesses are considered high-risk merchants. They rely on stored data and card-not-present transactions. In the subscription model, the customer signs up for the subscription service and agrees to be charged every month. However, the customer often signs up as part of a free trial or special offer. This leads to a high chargeback risk because customers often request to cancel their subscriptions after charging the card.
Being labeled as a high-risk merchant necessitates partnering with a payment processor experienced in high-risk accounts. Avoid disruptions by choosing PayKings, a leader in high-risk merchant account solutions for the continuity billing industry.
Avoid disruptions by choosing PayKings, a leader in high-risk merchant account solutions for the continuity billing industry.
Securing the right continuity billing merchant account and payment processor is crucial for businesses in the continuity billing industry to avoid account closures and fund holds. Learn how PayKings can provide the stable, high-risk processing account your business needs for uninterrupted sales and growth.
Our continuity billing merchant services are designed to provide smooth, reliable payment processing for your business. With our tailored solutions, you can focus on growing your continuity billing platform while we handle the complexities of payment processing. If you run a continuity subscription business, let us help you get set up with merchant services today!
Low or high, your risk level won't stop you from getting a fast and easy approval. We accept and provide for a number of industries.
