People have been trading stocks since the 12th Century in France. Today, stock brokerage firms have advanced so much that you can accept credit card payments online as well as over the telephone. However, acquiring banks consider stock brokers high risk since they often handle large ticket transactions and there is no tangible product. Whether you are already a successful stockbroker or you need a way to expand your firm, one thing is certain: You need a secure, reliable, and affordable stock brokerage merchant account—and Instabill can help.
Instabill provides stockbroker firms with high risk credit card processing services that are sure to boost your business’s profit. Since we work with several acquiring banks that provide stock brokerage merchant accounts to firms worldwide, you can open multiple merchant accounts and manage them all through one user-friendly payment gateway. Our merchant account application is quick and simple, and your account manager will help you every step of the way. Once you submit your application and supporting documents, we can have you up and processing in as little as one week. Let’s get started today!
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Instabill’s in-house team of technicians develops and maintains our PCI compliant payment gateway. The user interface is easy to navigate and allows you to manage your transactions without hassle or confusion. For qualifying merchants, you will receive access to our virtual terminal so you can accept credit cards over the phone at no extra cost.
We understand that you serve many clients, which is why we strive to fulfill your business’s needs. Our credit card processing solutions have no volume caps and can support large ticket transactions. You can also process credit cards in real time with an immediate notice of transaction approval or decline.
As an additional solution for our high risk merchants, we can provide offshore merchant accounts in tax havens to stockbroker firms. Our offshore banking partners have fewer trading restrictions and are willing to accept the risk for your business. If you are interested in an offshore merchant account, please tell your Instabill account manager.
Once we match you with an acquiring bank, your bank will determine your merchant account fees based on your industry, credit card processing history, chargeback risk, and the overall strength of your application.
Instabill distributes payouts on time, every time. Based on your merchant account payout schedule, you will receive a settlement for your approved funds day (three days in arrears) or weekly (one or two weeks in arrears). Your acquiring bank will determine your payout schedule using the same factors as determining your merchant account fees.