Antiques & Collectibles Merchant Accounts
We can help your business maximize profit margins and promote customer satisfaction with a fully-integrated payment solution.
This merchant account category includes businesses that sell antiques and collectibles such as books, coins, memorabilia, artwork, furniture, jewelry, clothing and various other vintage wares. The industry is labeled high risk for several reasons:
- Frequency of misleading sales tactics and counterfeit products
- Products appearing different in person than advertised online
- Ebb and flow of market demand as consumer tastes evolve
- Buyer remorse and absence of return policies in many cases
- High average ticket sales
As a result, antiques and collectibles merchants tend to incur higher-than-average chargeback ratios. PayPal, Square and many merchant service providers won’t partner with these types of businesses. We conduct case-by-case risk assessments and regularly underwrite accounts for merchants other banks turn down.
Our payment solutions are equipped with features to keep your operations running as successfully and smoothly as possible:
- PCI compliance support
- Payment gateways with chargeback prevention and management tools, such as automatic responses to retrieval requests
- Ability to accept all forms of electronic payments including debit, credit, eCheck, mobile wallets and gift cards
- Virtual terminals for MO/TO payments
- Wireless terminals
- Mobile applications and smartphone card readers to accept payments on the go
- Feature-rich countertop POS systems
- Rewards program integration to foster customer loyalty
- 24/7 U.S.-based customer support
- Next-day funding
- Insightful online reports to identify sales trends
- Automated invoices
- Ability to accept one-time payments and set up recurring billing schedules to match customer financing plans
The industry’s size and profitability increases and decreases in direct proportion to consumers’ disposable income and buying habits over the years. Demand is capricious; antique enthusiasts have become fewer as modern and casual styles gain popularity with younger generations. However, despite the younger generation’s different tastes, they’re also known to be more socially conscious. Buying an existing piece of furniture, for example, is more appealing to some than supporting questionably-produced new products (such as "Made in China" items), and the antiques and collectibles market’s timeless charm continues to survive changing tastes and buyer habits. As online shopping becomes more and more popular, ecommerce also cultivates more interested buyers.
Whether you operate out of a thrift store, ecommerce auction site or highbrow antique shop, we can accommodate your business with a specialized high-risk account with competitive rates.