You need to implement payment processing for your business, but you don’t know how to proceed. Your business never processed transactions and needs a merchant account, but your application gets rejected for no obvious reason.
If you are a newcomer in the payment processing industry, you should know that the most common problems faced by businesses in your situation are:
- endless negotiations involving more and more representatives from different departments of banks and processors that are trying to come up with the solution that you search for (especially if it is not something trivial they are familiar with);
- rejection of merchant applications. Often you cannot understand why your application gets rejected. Sometimes the bank might be avoiding to give you the answer: you are not getting a “no”, but you are not getting a “yes” either.
In order to move forward, you need to deal with someone who is familiar with the procedure of setting up processing for a new company and establishing the necessary partnerships. Beside that, preferably, you need to have a payment platform that is going to include functionality necessary to organize all the necessary processes for you.
United Thinkers’ flagship product, UniPay Gateway, is a robust payment platform that allows its multiple users to move forward with their payment projects. We have rich experience of helping our clients to successfully establish processor, acquirer, and gateway relationships.
Request a free consultation with our payment experts and discuss your specific situation today.