When choosing among third party merchant account providers, there is one simple quality merchants need to keep in mind: Experience.
We’ve built a legacy at Instabill. And it is our network of merchants and partners who benefit from that legacy. Being a third party merchant services provider of high risk industries since 2001, we know the high risk landscape like no other payment processor. We encourage merchants to let us handle the banking side while they can focus on running their business.
4 Reasons to Use Third Party Merchant Account Providers
Perhaps the most underrated or overlooked quality of third party merchant account providers is resourcefulness, the breadth of what we can do for an e-commerce merchant, thereby enabling them to concentrate on other facets of their business.
1. We’ll do all the work
Merchants need to get the proper know-your-customer (KYC) documents to us and their merchant account manager will do the rest. Because Instabill has been in the high risk space for more than 15 years, we know which of our acquiring banking partners work best with certain industries. Hence, we’ll find you the best payment processing solutions available.
2. Fast Timetable – with a little cooperation
After a quick conversation and a few questions about your business, our merchant account managers will likely have an acquiring bank in mind for your business based on a few key points:
- Your industry
- Your payment processing history
- Projected volume
Thereafter, we encourage prospective merchants to send us their application and appropriate documents as soon as they’re able, which directly affects the timetable it takes to get your business processing credit card transactions.
3. We’ll Find the Best Rates
Again, here’s how experience weighs in: Not only do we know to which acquiring banks to turn to for certain industries, we know which banks will give an approval with fair and affordable rates. Fees and rates are unique to each business but, echoing the above, our merchant account managers will match your business with the best banking option.
4. Always Live Support
Instabill remains on hand as consultants for the life of your merchant account with us. We do not employ call centers or automated messaging. By calling 1-800-530-2444, merchants can reach their dedicated account manager directly for any issues (Monday-Friday, 8 a.m. to 6 p.m. US eastern time).