Document preparation is a billion-dollar industry and a necessity to a variety of global markets. The document preparation industry is not only used by corporations in need of debt settlement procedures and loan settlement paperwork, but it's also necessary for tax prep services, student loan applications, etc.
Unfortunately, if you are in the document preparation industry, you may encounter issues when it comes to processing payments. This industry, as straightforward as it seems, is risky in the eyes of traditional banks. For this reason, finding doc prep credit card processing will be difficult until you have obtained a high risk document preparation merchant account.
Every business that accepts card payments has a merchant account. This “account” provides an online or in-person terminal which customers use to enter card information with the intention of purchasing a product or service from their business. The payment processor supplying the account is backed by an acquiring bank who then backs the transactions. Traditional online, tier one merchant account providers include Paypal, Square, Stripe, and Braintree. But unfortunately, these well-known payment processors have an aversion to working with those who provide products and services in high risk industries, including document preparation.
While the document preparation industry encompasses a variety of services and markets, the industry as a whole is considered risky to traditional financial institutions and payment processors. Some of the reasons that the document preparation industry is often considered high risk to payment processors may include:
Merchant services for doc prep business help protect individuals who own and operate their own document preparation companies. Using a document preparation payment processor is a way or issues with generating income. Some of the reasons to consider applying for a high risk merchant account for your document preparation business include:
Once you have found the merchant services for doc prep business you want to use for your merchant account, the next step is to complete the application process. You will be asked for the following basic information before receiving the approval for your merchant account:
Owning a document preparation business does not have to feel stressful or risky, especially with a reputable and trustworthy doc prep credit card processing service by your side. With the right payment gateway for doc prep services you can attract new clients, accept payments, and continue on the path of scaling your business without the fear of losing opportunities to generate revenue.
Here at PaymentCloud we strive to provide the best means of support for all high risk business types. With risk mitigation procedures, secure payment gateways, and seamless integrations, you can get your doc prep business up and processing in no time.
We assign one of our knowledgeable account executives to your business as soon as you begin the application process with us. From there, they get to know your wants and needs and work with you every step of the way. With the right bank, your document preparation can grow and scale at your pace without worry of being closed because of your industry type.
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.