When you’re in the accounting and tax preparation business, you want to be able to help as many people as possible. Whether that's during the busy tax season or 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.
Tax preparation and other businesses in the financial industry are tagged as high risk due to the following reasons:
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.
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.
Platforms such as QuickBooks, FreshBooks, and Zoho Books are great resources for your accounting business, but they're 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.
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.
Create an account instantly and start accepting payments. You can also contact us to design a custom package for your business.
From day one, Miles has been an overwhelming help to me in making sure I am making the best choices for building my business. His patience with me as he helped me step by step in submitting my application was so appreciated! …The team has been amazing across the board, and I truly cannot thank them enough!
I've been working with the folks at PaymentCloud for about two weeks now. They have made it super easy and they guide you through everything! Their customer service and support is awesome! I'm so glad that we connected with Michael S. and all the other folks at PaymentCloud. Highly recommend!
The agent who helped me to onboard was attentive and consistent throughout the process... They made sure I knew how to manage my accounts and had them properly set up and in compliance. They turned what could’ve been an intimidating process riddled with errors into a smooth transition for my business.