Document Preparation Merchant Accounts

Leverage a payment solution designed for your business type.

We provide credit card processing services for a wide range of document preparation businesses, including those specializing in:

• Tax
• Real estate
• Lease
• Passports
• Visas
• Divorce
• Loan modification
• Limited Liability agreements
• Partnership agreements
• Legal transcripts and summaries
• Student loan consolidation
• Debt negotiation and resettlement
• Bankruptcy petitions
• Deeds
• Mortgages
• Employee manuals
• Wills
• Estate planning

B2B and B2G Solutions

Certain types of prepared documents, such as legal transcripts and summaries, are paid for by businesses using corporate cards or p-cards. Purchases made with these commercial credit cards are unique in that they include level II or III enhanced data—in other words, they include extra details that are passed through to all the parties involved in the transaction.

Because of the specificity, they’re at a lower risk for fraud and chargebacks than traditional consumer card payments, and as a result, come with a lower interchange rate. So if you’re preparing documents for other businesses, you need a payment solution that can automatically classify these enhanced data transactions and qualify them for the lower rate. If a corporate card is used but the payment system is unable to accommodate the extra details, they are considered level I (the level for consumer card payments) and lose the discounted rate.

In addition to traditional consumer card processing, BankCard USA provides B2B credit card processing services for level II and III payments for retail, online and MOTO businesses.

High Risk, High Rate? Not Necessarily

The merchant services industry is flooded over the brim with account providers trying to win your business. How do you sift through the thousands of fast-talking providers? Your negotiating power is a significant factor. While the bulk of processing rates is charged by Visa, MasterCard, Discover and American Express, and merely passed through to you by a merchant account provider, there is a negotiable mark-up the provider charges on top of that. To determine it, they gauge risk factors specific to your business type, performance, ticket sizes, volumes and much more. Doc prep businesses are typically considered high risk because of:

• High average ticket sizes
• Inconsistent revenue (more relevant to tax prep companies with seasonal peaks and dips in cash flow)
• Customer chargebacks stemming from buyer’s remorse (typical if the expected or hopeful outcome of the prepared document doesn’t come to fruition), friendly fraud (when customers dispute a payment that was actually valid), legitimate fraud, service not occurring as described, service never delivered, and more
• Transactions typically occur online or over the phone
• There’s not necessarily a brick-and-mortar location associated with an ecommerce business, which banks see as a risk (for example, if they go out of business, they might be hard to track down)

It’s important to ask questions about a merchant service providers rates, fees (recurring and one-time, such as an early termination fee). The more you do, the more likely they are to be flexible with rates.

Instead of charging overly high rates, we take measures to mitigate risks and, consequently, minimize your rates. Our in-house Risk, Chargeback and PCI Compliance Teams are devoted to fortifying your business against any potential financial loss. We value forming long-lasting partnerships with our merchants rather than cutting a quick profit. In fact, our low rate guarantee means that we will beat the rate of any provider. But that doesn’t mean you’re shorted on quality. Next-day funding ensures that you get paid as quickly as possible, whether for single payments or automated recurring billing. Our integration support helps you seamlessly connect your payment system to other software such as shopping carts, accounting applications and CRM solutions so that your business runs as smoothly as possible.

From one-person home businesses to large doc prep websites, we can customize a payment solution designed to meet your operation’s unique needs. With a document preparation merchant account from BankCard USA, you don’t have to settle for high transaction rates, hidden fees and slow funding. In a free consultation, we’ll show you exactly what you can save with a side-by-side comparison of your current processing statements and our proposal. Just starting up? No problem. Accept credit, debit, gift cards and ACH transfers with a simple yet powerful payment solution.