Are you planning to start accepting credit or debit cards for your auto shop sales? If yes, you need to apply for a merchant account. Industries like automotive are classified as high-risk by banks and other traditional providers. So, you need to turn to a high-risk processor.
This article will tell you about automotive payment processing and how you can open a reliable automotive merchant account easily.
Payment Processing for Your Auto Shop
It seems to be a straightforward thing to run an auto shop. However, when you start running it, you’ll find many things to be diverse associated with day-to-day operations. Specifically, there’ll be large average ticket sizes for repairs and parts, fund holds or overwhelming chargeback rates.
That’s the reason why traditional banks and many payment processors consider auto shop sales businesses extremely risky. The riskier your business, the more challenging it’ll be to get approved for payment processing. So, what can you do to start processing credit and debit card transactions? You can’t do without a merchant account these days.
No matter you own a car dealership, auto repair service, paint and body shop, tire store, towing service, car wash or aftermarket service, many opportunities and challenges will appear on your way. The important thing is to be able to find the right credit card processor that’s ready to with your type of business and offer the best for your business needs.
It’s also important to mention another problem related to auto shops. This has to do with working capital. If you lack the necessary cash flow, you won’t be able to buy equipment or hire new technicians.
So, it’s too critical for automotive merchants to find a respectable payment processor that specializes in the high risk sector and can help you obtain the necessary working capital. Look for the right processor with extensive experience in credit card payment systems. The true professional in the field will provide effective merchant services and products to help you meet your business needs. This way, you can remain competitive and boost your bottom line.
Automotive Merchant Account from FAM
Are you a small and mid-sized automotive merchant? Are you facing strong competition every day from mega-retailers and chain auto supply stores? You must be on the lookout for a comprehensive variety of payment solutions, mustn’t you?
That’s with good reason. Operating cash-only is no more efficient. It’s no more practical and isn’t safe. So, you’d better turn to an expert payment processor in the automotive industry that knows all the ins and outs of your business.
FirstAmericanMerchant.com, a reputable processor and business funding provider, specializes in working with businesses tabbed as high risk, including automotive businesses. FAM is a respectable alternative online lender that offers exceptional terms and rates for an automotive merchant account. With FAM, you can get merchant services specifically tailored to your business needs.
With First American Merchant, you can enjoy:
- Safe payment processing solutions
- Chargeback protection and prevention programs
- Debit and credit card processing
- Fast and easy application process: it can be completed and submitted in a few minutes
- You’ll hear back in as little as 24 hours – if not sooner
- Years of experience with a strong support team
- Business funding, including its popular cash advance
Why wait weeks or months for cash-flow relief? Choose to secure cash for your business quickly. If you have working capital available as needed, you won’t experience difficult transition periods. Also, it’ll be easier for you to hire capable technicians.
So, an experienced and reliable alternative online lender like First American Merchant can be the best solution for auto shop merchants struggling to find a provider that’s ready to work with them. With FAM, you can get approved for flexible business funding and secure payment processing platforms without challenges.
FAM offers you exceptional opportunities to grow and expand. If you sign up for FAM’s high risk credit card processing services today, you’ll be able to start accepting payments as early as tomorrow. The application takes just a few minutes.