Auto Warranty Merchant Account
We represent considerable authority in Auto Warranty Merchant Account and merchant accounts for auto warranty businesses. We affirm basically every business type, even in the event that you have been turned down for payment processing.With many years of experience, our group is here to help. Even on the off chance that you have been closed down by your present processor, we have an answer for your specific circumstance.
An Auto Warranty Merchant Account is delegated high hazard for an assortment of reasons, making it hard to locate a dependable payment preparing accomplice – however eSecurepay has some expertise in working with high hazard merchants. We have various obtaining banking accomplices that offer auto warranty merchant accounts, making us the main specialists in getting your auto guarantees merchant account going and set your business up to acknowledge payments sooner.
Finding a merchant account for a business in the extended warranty industry isn’t as easy as talking to the local bank and their credit card processor. Hence, the reason is that extended, or auto warranty merchant account are considered high risk, meaning that these risk merchant service providers (like that offered by your local bank branch) cannot underwrite your business type.
Who Needs A Warranty Merchant Account
According to the Service Contract Industry Council (SCIC), the warranty industry has expected to grow exponentially over the next decade. Also, according to national data, car, truck and motorcycle owners are keeping their vehicles for longer periods of time. A motor vehicle service contract provides an efficient and economical way of maintaining. A vehicle for long-term ownership, particularly after the manufacturer’s limited warranty expires. In addition, the increased complexity of components and analytics in today’s motor vehicles has greater financial implications when failure occurs. In conclusion, payment processing is an imperative piece in the warranty industry.
The warranty and extended warranty industry tends to fall into the high risk category due to the nature of the business processes. Typically, there has a higher frequency of chargebacks associated with the auto warranty industry because the customer has up to six months to be able to dispute the charges.
- Fast Secure Online Application, provides secure online submission.
- Multiple Platforms, including CRM & Ecommerce Solutions.
- Committed account managers with decades of experience to share.
- Diverse Acquirer’s with risk appetite & tolerance for the auto warranty industry.
- Fast decision turn-arounds on application packages.
Documents Needed for Auto Warranty Merchant Account
- Personal KYC: Director’s Passport /Driving Licence/National ID/Voter/TAX ID
- Personal Address Proof: Director’s Bank Statement/Power Bill/Telephone Bill/Water Bill/Insurance if have any/Internet Bill
- COMPANY: Incorporation /MOA/AOA/PAN/TAX Registration/GST/Any licences
- Company Address Proof: Bank Statement /Cancel Check /Sample Invoice/Rental Agreement/Power Bill/Water Bill/Internet Bill
- Business Website: Website URL Needed
- Domain Ownership Copy: Domain Purchase receipt or Dashboard screenshot
- Processing Statement: If you have any current processing statement for 3-6 Months. – Optional
- Business Plan: Project information such as Targets, Growth, Team, Advertisement, Vision, Mission
- Application Form: Contact Us for Application Form
- Director’s Documents: Resume
With our team’s unique experience in the payment space, we bring the vital expertise to get your account approved quickly and painlessly. So, our staff is committed to providing unsurpassed customer service and strive for 100% customer satisfaction. Give us a call today to discuss all of your credit card processing needs.
Why Should Choose eSecurePay?
eSecurepay understands the unique needs of the different auto warranty related businesses and has established 24+ acquiring banking relationships to become experts in getting auto warranty merchant accounts set up quickly and on to accepting online payments.
Get Started Today
At eSecurepay, your business success is our ultimate goal. Our committed staff is holding on to help you in exploring the payment processing space. With decades of experience, our team is committed to providing competent knowledgeable advice and a plan of action to get your merchant account approved quickly. So, call us immediately to get on the fast track for auto warranty merchant account approval. Also our typical turn-around time is 3-5 business days and in certain cases the very same day. So, we look forward to working with you!