Astrologers offer a very unique service to their clients by giving them insights into their futures. And while people had to go through the hassle of waiting in queues just to see astrologers, the Internet has brought great change to the business. Today, clients have appointments with astrologers right from the comfort of their homes. This has made the astrology business much more profitable. If you are an astrologer looking to take your business online, we are here to provide you with the most essential tool you will need i.e. an astrology merchant account.
A merchant account is a special bank account. It enables businesses to receive payments via several electronic payment methods. As an astrologer, an astrology merchant account will allow you to process online transactions with your clients. While you should be able to get a merchant account from any bank, most banks classify the astrology business as high risk.
Astrology business is deemed by banks to be high risk because of the controversies that surround it. Since there is no way to validate the claims made by astrologers, many unsatisfied customers tend to request chargebacks from their banks. The more chargebacks an astrology merchant receives, the greater their chargeback ratio. A high chargeback ratio will eventually cause a merchant account to be shut down.
If your application has been declined or your account has been closed by traditional banks, you need not worry. There are payment processors who specialize in dealing with high-risk businesses. The accounts offered by these processors come at higher processing rates and also require reserve funds. In a situation where merchants can’t pay for a chargeback themselves, the reserve fund will be used to cover the cost.
At 5 Star Processing, we offer special payment processing services to high-risk businesses, including the astrology business. We believe every legitimate business deserves access to the services it needs to grow and make profits. This is why we always put in maximum effort to provide the best credit card processing solutions to our high-risk clients.
You will enjoy many great benefits when you get an Astrology Merchant Account from us. Some of them are:
The process of setting up an account with us is simple and easy. We boast a very high approval rate and offer affordable processing rates. The features of your merchant account will be customized especially for you.
All you have to do is to fill our online application form and send in all requested documents. Our senior team will review your application and get back to you in about a day. Once your account is approved, you will be able to process online payments in a couple of days.