Call Blocking Merchant Accounts: Fast Payment Processing Solutions
Telemarketers are known to berate people with calls on their products and many want out of it. If they can rely on your call-blocking device to resolve that concern for them by restricting these unwanted calls, then you’re in business. It’s important that your device can also block anonymous calls or maybe a specific area code. Some of these call-blocking devices are made with backlit ad special ports for connecting to your telephone line like a regular Caller ID.
Many companies selling call blocking devices have a lot to gain from hiring a merchant account service. Whether your business is characterized as low- or high-risk, working with a reliable payment processing service is necessary to improve your operations.
Resolving challenges of a call blocking merchant account
It is quite common to call blocking service providers to experience chargebacks and transaction disputes. The reason for that is the high likelihood of the customer being dissatisfied with the product. They may even request for refunds if their phones still receive calls from unwanted or spam numbers. If they decide to call the cardholder and incur a chargeback, the merchant alone will bear the cost.
One way to combat that is by setting up alerts to notify you in case of a transaction dispute like chargebacks. The business of selling call blocking devices is regarded by financial institutions to be high-risk because they only use outbound calling methods to reach potential buyers. And the majority of these service providers do not provide any payment solution for these outbound call centers. This is also why many of them are reluctant to offer payment processing solutions to companies in the call blocking industry.
Getting your website approved
If you’re selling the call-blocking device on your website, then the platform will have to be accessed by the underwriting team at the payment service providers. They review it alongside your submitted application.
our account may be approved once you meet the requirements of your chosen service provider. One common challenge that merchants face in the call-blocking device industry is the high rate of chargebacks. This is why your site has to display all your company’s terms and conditions. Call blocking device manufacturing or selling companies are also using electronic payments now in several states. Many are regarding these e-payment systems as their most preferred methods.
Offshore Merchant Accounts
If your business requires an offshore account to handle the multiple currency exchanges, then your payment service set up the account for your company. You’ll find that many service providers that provide offshore payment gateways are motivated to work with companies from high-risk industries.
You can speed up your approval process by making sure all your business platform meet up with the requirements of the merchant account service you want to go for. Ensure to go with a service provider that specializes in covering companies in the call-blocking industry. If the need arises, your selected company should be able to switch you to an offshore account to deal with different types of currency.