The SaaS, or Software as a Service, industry, is continuing to skyrocket in growth with the advent of social media and smartphone technology. Providing software as a service or SaaS payment processing is a way to attract more customers with the use of microtransactions. Getting involved with the SaaS industry may not be as easy as a startup, but it can be extremely lucrative and successful once you have identified the right audience to target.
If you provide a SaaS subscription billing service or offer software for your users to rent, you need to accept various forms of payment. When you do not allow users to pay for a SaaS service via credit or debit card, you will likely miss out on generating sales. Before you can truly expand your SaaS company, obtaining a merchant account is necessary to conduct business without risk.
Managing a SaaS subscription billing company is considered high risk to standard payment processors due to the sheer number of transactions you process simultaneously.
With a SaaS payment gateway, gain peace of mind knowing you have the ability to run your subscription-based business without issue. A payment gateway and merchant account provider that specializes in SaaS businesses understands the industry risks. As your business continues to grow and amass more paid subscribers, there is a much greater risk of chargebacks and fraudulent claims.
When it comes to chargebacks, a standard payment processor is not likely to rule in favor of the merchant or business owner, which is not ideal for those representing high risk industries. Choosing a payment processor that welcomes SaaS businesses is a way for you to avoid mishaps such as account warnings, flags, and terminations.
Using a SaaS credit card processing service is imperative when you are providing users with rented software or a subscription service. With a SaaS payment processing solution, continue to generate sales and acquire new customers without fear of losing your account or ability to conduct business. Some of the benefits of using a SaaS billing solutions service for your merchant account include:
Once you have made the decision to seek out a payment processor that welcomes SaaS, there are a few bits of information you should gather and prepare. While submitting your application for a high risk merchant account for your SaaS business, you will be required to submit the following:
Using SaaS billing solutions and merchant account providers is a way to scale your SaaS business without feeling hindered or held back. When you have the right SaaS payment gateway, you can broaden your business horizons, expand your clientele, and spread the word of your software or subscription packages without fear.
PaymentCloud is fully equipped for subscription businesses such as those in the SaaS industry. With recurring billing options, CRM integrations, and fraud prevention best practices, we make sure that you accept card payments safely and easily.
Each of our dedicated account managers take the time to understand the needs of your business and work on your behalf with the bank to get you the very best rates. Take the time to get to know us. We will get your company up and running with SaaS credit card processing solutions that will help protect you and scale with your business for years to come.
Create an account and start accepting payments almost instantly. Or contact us to design a custom package or 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.