VaultPay specializes in providing tailored merchant account services for businesses in the continuity industry, which face difficulties due to their high-risk classification stemming from frequent chargebacks and returns. These businesses struggle to secure reliable payment processors, as many initially accept them but later withdraw services, leaving merchants unable to bill their customers and forcing them to repeatedly register them. This scarcity of suitable processors underscores the importance for continuity businesses to establish and maintain stable relationships with processors.
High Risk Merchant Account & Payment Processing Solutions
Continuity merchants operate on a business model where customers are billed at regular intervals without prior notice until they cancel their accounts, often leading to high refund and chargeback rates due to lack of reminders. These merchants cover a range of industries, from media and telecom services to subscription boxes and non-profits, facing challenges in securing payment processors due to their high-risk classification by financial institutions, making it crucial to find specialized processors like VaultPay that cater to their unique needs.
To mitigate chargebacks, continuity merchants can implement robust Terms and Conditions statements and credit card descriptors, while finding a reliable payment processor involves thorough research, including checking for complaints, ensuring higher chargeback thresholds, and seeking references from other continuity merchants. VaultPay specializes in serving continuity businesses, offering tailored merchant account services and a secure payment gateway to ensure efficient payment processing and long-term partnerships.