MLM Credit Card Processing

You need MLM credit card processing if you have a business in this space. While operating an MLM firm, a credit card processing platform will help you accept payments, reach more customers, and expand your business. However, many major financial institutions look at multilevel marketing merchant accounts as 'high risk.' The non traditional business model exhibited in MLM firms have higher risk factors when their bank and payment processor do their normal underwriting procedure.

Multilevel Marketing Merchant Accounts

Multi level marketing firms operate across a broad range of industries. Whether your business sells beauty products, jewelry, or toys, direct selling is an excellent business structure for scalable distribution.

MLM contractors typically purchase goods at a discounted price and then resell them to consumers for the correct market value. This is where mlm payment processing requirements come into play. Credit card processing is beneficial at every stage of the buying and selling process. Whether you're the main distributor for an MLM company, or you're a reseller that's hoping to connect with customers in your area, a payment processor for multi level marketing is vital to success.

Below, let's explore some common MLM business types that benefit from merchant accounts.

  • Apparel
  • Jewelry
  • Home Products
  • Health Products
  • Toys
  • Entertainment
  • Beauty Products
  • Fitness Products

The MLM business model is applicable to almost any type of physical good or service, which means that options are almost limitless.

MLM Credit Card Processing is Hard to Place

MLM payment processing direct sales worldwide surpassed $190b in 2017, but this hasn't stopped credit card processors from refusing to work with MLM companies. Fortunately, if you find the right payment processor for multi level marketing, you'll be able to accept credit card payments for your business. MLM companies will need to be particularly diligent about finding high risk payment processors that can accept the industry and their risk.

The MLM industry is associated mainly with reputational risk which results in pushback from traditional payment processing sources. Legal risks may also play a major role in MLM's designation as a high risk industry. Credit card processing firms do not want to associate with businesses that may fold due to legal volatility.

Multilevel marketing merchant accounts are tough to get approved. While all merchant accounts will require a review by underwriters, many traditional payment processors are extremely stringent with MLM companies. Extensive reviews of products, services, and marketing techniques will often result in a rejection, irrespective of the quality of an MLM company's business model.

Chargebacks Can Destroy an MLM Merchant Account

Chargebacks are common in this industry, which causes significant issues for MLM payment processing companies and supporting banks. Such an issue, in fact, that if an MLM merchant account accrues a chargeback ratio of more than 2%, fines and account closures can and will happen. This is not a reflection on your business in any way, it just means that the banks have limited flexibility with chargebacks because of the monetary risk that they pose.

Regardless of the risk of chargebacks, accepting credit card and debit card payments is critical to your success. Modern customers expect the same digital payment processing features that you find in major department stores and retail outlets. If you want to expand your business and reach new customers, you must obtain merchant services for multi level marketing.

The Industry Leading Payment Processor for Multi Level Marketing

If you're ready to add an MLM merchant account to your business, it's critical to choose the most trusted partner in the industry. At PaymentCloud, we provide advanced merchant services for multi level marketing clients. Our team has a deep understanding of the MLM industry and the types of payment services required by businesses operating within the space.

Our business has the capabilities to support your company and the MLM credit card processing needs that come with it.

We have systems in place for mitigating reputational risk, implementing chargeback protection, and to keeping you compliant with merchant services for multi level marketing business practices. Our API integrations are designed to conform with your current third-party gateway -- we support almost all gateways currently available on the market.

If you're hoping to partner with a payment processor that can fit into your current framework, PaymentCloud is an excellent solution.

Contact Us to Discuss Our MLM Credit Card Processing

Are you ready to expand your MLM business and its reach? Then it's time to partner with an MLM merchant account provider that can help your firm attain its goals. Our experience working with MLM companies ensures we're uniquely positioned to assist you in growing your business. If you're hoping to connect with new customers and increase payment processing options, our solutions can help.

Contact us to help you get set up with MLM credit card processing for your business’ needs.

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.