Accounting & Tax Preparation Merchant Accounts

When you’re in the accounting and tax preparation business, you want to be able to help as many people as possible. Whether that be during the busy tax season or all year round, your services will require an accounting tax prep merchant account to accept credit cards.

But, finding a credit card processing provider may be more difficult than anticipated. Traditional banks are likely going to turn your application down because this industry is considered high risk or hard-to-place by acquiring banks.

Accounting Merchant Accounts are Hard to Place

Tax preparation and other businesses in the financial industry are tagged as high risk due to the following reasons:

  1. Strike One: Accepting Mail Order/ Telephone Order (MoTo) Payments
    This transaction type is very common in this profession, but tends to be less secure forms of payment. Compared to in-person swipe and online gateways, MoTo payments have fewer failsafes to counteract fraud. Overall, acquiring banks prefer to support brick-and-mortar establishments and businesses with physical products making it harder, but not impossible, for tax preparation services to find payment processing support.
  2. Strike Two: High Average Ticket Sizes
    CPAs and Tax preparation businesses are lucrative services that commonly have high ticket sizes of hundreds of dollars or more. This in addition to the inconsistent income when processing during vs. after tax season leads banks to keeping these business types at arms length.
  3. Strike Three: Accounting is a Service
    Businesses such as these don’t usually deal with physical products, and services in the financial industry, especially student loan consolidation or debt counseling, commonly have clientele with debt issues or bad credit. What comes along with that is higher rates of chargebacks and fraud.

As you can see it isn’t anything personal, many banks have strict policies deterring them from supporting businesses with these risks. Luckily, high risk payment processors are able to measure these individual risks and find tactics to mitigate them. This way you can set up your account with credit card processing solutions which allow you to grow your business.

Partnering with a Credit Card Processor you can Trust

At PaymentCloud, we strive to provide secure, PCI compliant, and simple solutions to begin processing all types of credit cards including Visa, MasterCard, and Discover. Capture more business with our integrated online gateway and in-store terminal options. Then get set up with our fraud and chargeback mitigation suite to ensure that every transaction is processed and tracked from input to deposit.

Integrate With your Accounting Software

Platforms such as QuickBooks, FreshBooks, and Zoho books are great resources for your accounting business, but are only as smart as the integrations you can plug into it. Finding a merchant account can open up a multitude of possibilities to make your accounting tax prep business more seamless. This may include automatic invoicing, payment reminders, digital recording, and even inventory management. Payment processors such as PaymentCloud value these softwares and want to be sure that you can take advantage of them, so we have made it a mission to ensure integrations with each of these resources.

  • QuickBooks
  • FreshBooks
  • Sage 50cloud
  • NetSuite
  • Zoho Books
  • Xero
  • Sage Business Cloud
  • Acumatica Cloud
  • Odoo
  • Chargebee

Still unsure? No Worries, You Have our Support

Even if you don’t have the best personal credit or are beginning a completely new accounting business, we have the bandwidth and track record to get your company up and running.

We house over 30 senior account representatives available each day to help answer questions and provide valuable support because we want to see you succeed. And once you begin the task of securing a merchant account to process credit cards, you will be assigned a dedicated rep who specializes in your business type’s wants and needs.

Let us show you how easy it is to get started.
Contact us at 1-800-988-2215 or by filling out our simple online form

Full-Service Merchant Services

PaymentCloud is a full-service ISO dedicated to providing innovative solutions and unparalleled customer service. The merchant services field is antiquated to say the least; we aim to break out of the status quo. Our suite of innovative services was built to save you time and money.

Quick Deposits

As a business owner, you should never have to wait for access to your funds. You have bills to pay and a business to run, and we understand. That is why PaymentCloud offers next day funding for ALL card types.

Our next day benefits are great for businesses that...

  • Process the bulk of transactions in the evening
  • Process heavy volume during the weekend
  • Are located on the West Coast
  • Have daily or weekly expenses such as payroll, inventory restocking, or shipping costs

Contact PaymentCloud today at 1-800-988-2215 to learn more.

Innovative Technology

PaymentCloud is an industry leader in product innovation and cutting-edge technology. We provide our merchants with payment processing solutions customized to their business type. Our terminal selections include the latest in EMV Smartchip technology, wireless or PIN pad options, and countertop devices.

We also offer mobile processing hardware and applications, tablet POS systems, and our secure online payment gateways. Your dedicated account representative will assess the needs of your business and set you up with a solution that best fits your needs.

Contact PaymentCloud today at 1-800-988-2215 to learn more.

Dedicated Account Rep

At PaymentCloud, customer and technical support are aspects of the business that we take seriously. Each of our account representatives is rigorously trained in merchant services, product specifications, pricing structures, and technical support.

When you set up your account with us, you will be assigned one of our expert representatives who will set you up with everything you and your business needs. We want to see you succeed and strive to provide the best support that we can.

Your account representative will:

  • Assist you with filling out your application, helping you get approved quicker
  • Walk you through setting up your equipment or electronic processing software
  • Go over pricing structures as well as Visa/MasterCard rates and fees
  • Notify you when industry and/or security updates arise
  • Provide you with personalized customer service when you need it

Contact one of our specialized representatives today at 1-800-988-2215 to learn more.

Competitive Rates

We are proud to offer competitive rates for payment processing services, including highly affordable equipment leases for terminals that accept swiped and keyed-in credit card transactions.

We’ll work with you and try our best to beat competitor rates. Take advantage of our FREE rate comparisons to show just how much you could save.

Contact PaymentCloud today at 1-800-988-2215 to learn more.