As a business, offering your customers payment flexibility through a moving company merchant account is key to boosting your profits. By doing this you are providing your clients with the freedom to pay from any location and with any type of card not present payment they want to use. Here at National Processors, we understand the importance of providing this privilege to your clients, which is why we offer secure and confidential transportation services virtual terminals designed just for your needs.
Moving Companies
Types of Moving Companies
As a moving company, you may travel locally or nationally, which is why we offer a secure online payment gateway for transportation services. There are various types of moving and transportation companies, including:
- Furniture Movers
- Commercial and Office Movers
- Residential Movers (Local and National)
- Local and Long-Distance Truckers
- International Moving Companies
- Couriers
- Motor Freight Carriers
- Self-Service Rentals
- Vehicle Rentals
Steps to Apply for a Moving Company Merchant Account
Before applying for moving company merchant services, it’s important to understand the requisites to increase your odds of approval.
1. Provide all Required Documentation
While undergoing the application process, the following information must be submitted to our underwriter as part of the process. This includes:
- Your Social Security Number (SSN) or Employee Identification Number (EIN)
- A valid government ID, such as a driver’s license
- Your most recent bank statements from the last three months
- If applicable, your most recent processing statements
- A pre-printed voided check or official letter from your bank
While providing this information doesn’t guarantee approval, it’s an essential and required part of the application process that may lead to approval of online payment processing for moving and transportation companies through National Processors. We’re committed to providing a fast and simple application process to help you get started today!
2. Ensure the Safety and Security of Your Customers
One of the many responsibilities of our underwriters is to process your application thoroughly and efficiently. Because security is one of our leading priorities, we take a close look at your moving company merchant services application to ensure that your business will not pose a threat to the credit card information you receive. This, in addition to your website will give them a better understanding of what risk mitigation procedures, if any, you will need to implement.
Underwriters also look into financial records, such as credit scores, bank statements, and credit card processing history, if applicable. None of these pieces of information are deal breakers for the application, but will be looked at as a whole. Regardless, you will want to put your best foot forward to give yourself the best possible chance at obtaining credit card processing for moving and transportation services.
3. Protect Against Chargebacks and Fraud
The moving and transportation industry has a proven track record with chargebacks and fraud when processing credit card transactions. This is partially due to user error, fraud, and improper website setup and managing. Luckily, there are ways to protect your business against credit card chargebacks proactively, but it is also worth a look into integrated protection solutions hooked up to your transportation services virtual terminal.
It is essential to keep the fraud ratio to a maximum of 2% otherwise account closure is a possibility. So, if your moving and transportation business is at risk, take the steps to protect yourself now before it is too late.
