Furniture Business Merchant Accounts

We Can Help With Obtaining Your Furniture Merchant Account

Looking for the best furniture merchant account services? We specialise in providing top-tier payment processing solutions tailored to the unique needs of furniture stores. Whether you run a physical store or an e-commerce platform, our secure payment solutions ensure your business can accept credit card payments seamlessly.

As a leading furniture merchant account broker, we understand the specific challenges faced by high-risk furniture businesses. We offer reliable and integrated payment solutions to meet these demands effectively.

Our advanced furniture POS and e-commerce solutions handle a wide variety of transactions, ensuring your customers enjoy a smooth and efficient shopping experience.

Setting up a furniture merchant account with us is easy and hassle-free. Our dedicated team guides you through the entire process, ensuring your furniture business can start accepting payments quickly and securely.

Choose us for your furniture payment processing needs and benefit from our expertise in providing specialised merchant accounts for the furniture industry.

Why are Furniture Business Merchant Accounts Considered High-Risk?

Furniture businesses are classified as high-risk for merchant accounts due to several critical factors. The substantial value of furniture items increases the potential for chargebacks, making it vital to have secure payment processing solutions. Furthermore, furniture stores often deal with extended delivery times, which can lead to disputes and refund requests, complicating credit card transactions.

Furniture e-commerce platforms also face elevated fraud rates, necessitating robust payment processing systems. As a result, high-risk furniture businesses require dependable merchant accounts to effectively address these challenges.

At We Tranxact, we provide specialized furniture merchant account services tailored for high-risk sectors. Our solutions feature low transaction fees and secure payment gateways, designed to mitigate risks associated with furniture sales. Our extensive experience in furniture store payment solutions ensures that your business can manage transactions smoothly and securely, protecting your revenue and enhancing customer satisfaction.

What should you expect from a furniture merchant account?

A furniture merchant account should provide secure and efficient payment processing tailored to your business needs. When applying with us expect your furniture merchant account to offer low transaction fees to optimise your costs and a robust payment gateway for seamless online transactions.

Furniture payment processing solutions should handle high-ticket items and mitigate chargebacks, crucial for high-risk furniture businesses. Our furniture merchant account services offer secure credit card processing, protecting against fraud and disputes.

Reliable customer support and straightforward account setup are essential, making it easy for your furniture business to start accepting payments quickly.

Choose a provider that understands the unique challenges of the furniture industry and offers comprehensive solutions to enhance your payment processing efficiency.

So, when furniture businesses are approved for their own furniture merchant accounts, card processors include certain terms within the agreement as a form of protection for themselves, and in some circumstances; to slightly take advantage of your business. One of the most common forms or protection card processors will often have within their contracts is something called a rolling reserve. In Lehman’s terms, the card processor will withhold a proportion of your sales for a disclosed amount of time, this money is withheld to cover any potential losses your business may encounter due to chargebacks. Rolling reserves protect both the card processor, and the merchant. Although they can be seen as an inconvenience from the merchant’s perspective, in numerous cases, rolling reserves have protected many businesses and card processors. Another thing to expect, especially if your online furniture business is new, is higher card processing fees. If you already have proof of previous card processing history then the rates that you will pay should be much more reasonable. This is because in the eyes of the card processor your business will then be seen as much less risky compared to a new furniture business with no card processing history. So new furniture business owners; expect your online furniture card processor to charge a higher transaction fee.
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Advice on how to become more likely to get approved for a furniture business merchant account:

Ultimately, the people who decide whether your business is worthy of a merchant bank account are the underwriters. Therefore, it is in your own best interest to make your business look as squeaky clean as you can to them 

This is because when underwriters are assessing a furniture business, they need to have full confidence that the business is sustainable and has satisfactory pre-emptive measures in place for any unforeseen circumstances that could put your business in jeopardy.

Here are some ways to make your business much more likely of getting approved for a high-risk furniture merchant account:

Pay off all outstanding bills or debts. Being debt-free shows your character and commitment to financial responsibility, which underwriters highly value. Ensure no outstanding payments to enhance your approval chances. Demonstrating prompt payment of debts speaks volumes and positively impacts your financial credibility.

Ensure your furniture business has previous audited financial accounts. This is ideal for securing a high-risk furniture merchant account, optimising furniture payment processing, and ensuring low transaction fees. Audited financials help in providing secure credit card processing and efficient furniture store payment solutions. We specialise in merchant accounts for high-risk furniture businesses, offering seamless, reliable services.

Proof of card processing history is crucial for reducing your business's high-risk status. Demonstrating successful furniture payment processing and secure credit card transactions can make your business more appealing to underwriters. This history shows your ability to manage a furniture merchant account effectively, increasing your chances of approval for reliable and low transaction fee payment solutions.

Ensure you have sufficient savings for business-related emergencies. This demonstrates to underwriters that you are prepared for potential crises, reducing the likelihood of business failure. Adequate emergency funds make your business appear less high risk, aiding in securing a furniture merchant account, reliable credit card processing, and low transaction fees for your furniture business.

Having no chargeback history boosts your chances of getting approved for a furniture merchant account. Underwriters understand that this can be challenging for furniture businesses. While it's not mandatory, a clean or minimal chargeback history significantly enhances your furniture payment processing application. Secure a reliable furniture merchant account with low transaction fees and efficient credit card processing.

Maintain a good credit history to demonstrate timely payments. This lowers perceived risk, making your furniture business more appealing to underwriters and increasing approval chances for your furniture merchant account. Secure payment processing, low transaction fees, and POS (card machines) systems are more accessible with a strong credit profile, benefiting your furniture payment processing and credit card processing needs.

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Has your furniture sales merchant account been terminated?

If your online furniture business has been terminated (or will be terminated) by your card processor, then you’ll be happy to know that we can help.

How can we help then?

At We Tranxact, we specialise in getting high-risk business owners, including those in the furniture sales industry, approved for their own merchant bank accounts and payment gateways.

With years of experience, we have successfully placed businesses that have faced account terminations or blacklisting.

Our expertise and dedication ensure you’re in safe hands. Our stellar reviews attest to our success.

If you need approval for a furniture sales merchant account and a secure payment gateway, contact us today. Trust We Tranxact to provide the best solutions for your high-risk furniture business.

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