Merchant Processing for Moving Companies

Moneybox can help secure a moving company merchant account for your business when many other processors are unwilling to cooperate.

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As a business owner, you understand the importance of providing your clients with payment flexibility. By offering a moving company merchant account, you can increase your profits while giving your customers the freedom to pay from any location and with any type of card not present payment they want to use. At Moneybox, we recognize the significance of this privilege for your clients, which is why we offer secure and confidential virtual terminals designed specifically for transportation services. Don’t miss out on this opportunity to boost your profits and provide excellent service to your clients. Choose Moneybox today!

Accepting credit card payments in addition to cash and checks offers many benefits to your moving or transportation company. It allows you to receive payments from customers anywhere, and you can accept payments from anywhere, which means you’re not limited to your physical location. As a moving or transportation company, you may offer various types of services, including furniture moving, commercial and office moving, local and national residential moving, local and long-distance trucking, international moving, courier services, motor freight carrying, self-service rentals, and vehicle rentals. To ensure secure and hassle-free online payments, we provide a secure online payment gateway for all these transportation services.

Steps to Apply for a Moving Company Merchant Account

To successfully apply for merchant services tailored for moving companies, you should follow these steps to enhance your approval chances:

1. Gather and Submit Required Documentation

Begin by preparing and submitting the following documents to our underwriter:

  • Identification: Your Social Security Number (SSN) or Employer Identification Number (EIN) along with a valid government ID like a driver’s license.
  • Financial Records: The most recent three months of bank statements, and if you’ve processed payments before, your most recent processing statements.
  • Bank Verification: A pre-printed voided check or an official bank letter.

While providing this information does not ensure approval, it is vital for the application process that might result in securing online payment processing services for your moving and transportation business through Moneybox.

2. Ensure Customer Data Security

As a business owner, safeguarding the credit card information you handle is crucial. Our underwriting team will scrutinize your application and website for compliance with risk management protocols. They’ll also review your financial stability through credit scores, bank statements, and past processing history where relevant. To better your approval chances, consider:

  • Clearing outstanding debts
  • Maintaining healthy bank balances
  • Improving your credit history

3. Mitigate Chargebacks and Fraud Risks

The moving industry faces significant risks of chargebacks and fraud due to various reasons like user errors, fraudulent activities, and inadequate website management. To combat this:

  • Implement integrated solutions for chargeback protection within your virtual terminal for transportation services.
  • Keep your fraud rate under 2% to safeguard against account termination.

By adhering to these steps, you can significantly boost your likelihood of obtaining merchant services for your moving company, enabling you to accept online payments securely.

Partner with a Merchant you can Trust.

By partnering with us, you can be confident that we will provide security and reliability for your customers, along with advanced and up-to-date solutions for your business. Our API integrations guarantee a secure online payment gateway for transportation services, ensuring that your clients’ information is always protected.

Frequently Asked Questions

The approval of each merchant account is tailored to the unique requirements of your business. However, as a best practice, it’s advisable to charge a customer’s credit or debit card as near to the actual moving date as feasible. This practice helps avoid unwarranted chargebacks that might occur if a customer decides to cancel or change plans at the last minute.

Credit card processors often view the moving and transportation sectors as high risk due to several factors:

  1. Payment Method Risks: The common practice of accepting credit card payments through virtual terminals or over the phone increases the risk of fraud since these transactions lack the security of face-to-face interactions, making them more susceptible to outright fraudulent activities by customers.
  2. High-Value, Custom Transactions: These industries frequently deal with bespoke, one-time transactions that can be in the thousands or even tens of thousands of dollars for services like office moves or small boat transport. Such transactions are particularly vulnerable to “friendly fraud,” where customers might use the service and then attempt to retract the payment through a chargeback.
  3. Inherent Risks of Moving and Transport: The nature of moving or transporting goods means there’s a risk of damage or issues with delivery. These incidents can lead to disputes and subsequently, chargebacks, as customers might challenge the transaction if the service doesn’t meet their expectations.
  4. Business Structure: Many moving companies, even those associated with large national chains, operate under a franchise or local business model. This means they might be small or medium-sized enterprises with substantial exposure to chargeback liabilities. These businesses might not have the financial resilience to handle significant claims or refunds in case of mishaps or disasters.

Moneybox Merchant Services supports the following payment gateways Authorize.net, NMI , TSYS, and Firstpay.

What industries does Moneybox Merchant Services accept as clients? Moneybox specializes in mid-risk as well as specific high-risk industries (the terms “mid-risk” and “high risk” are used here from the perspective of the merchant services industry). We are proud to serve the following industries:

  • Accounting & Tax Prep
  • Adult
  • Alcohol
  • Antiques & Collectibles
  • Apparel & Clothing
  • Automotive
  • B2B
  • Bad Credit
  • Bail Bonds
  • Bar & Restaurant
  • Cigars & Tobacco
  • Cleaning Service
  • Clothing & Apparel
  • Collectibles
  • Continuity / Subscription Products
  • Dental
  • Digital Downloads
  • Digital Streaming
  • Document Preparation
  • Drop Shipping
  • Ecommerce
  • Educational Seminars
  • Electronics
  • Events
  • Furniture & Home Furnishings
  • Guns & Firearms
  • Hair & Beauty Salon
  • Health & Fitness
  • Healthcare
  • High Volume
  • Hotel & Hospitality
  • Hotels & Lodging
  • Hunting & Outdoor Equipment
  • Insurance
  • Jet Charter
  • Law Firms
  • Legal Services
  • Magazine Subscriptions
  • Medical Billing & Coding
  • Medical Supplies
  • Membership & Recurring Billing
  • MLM Companies
  • Moving Companies
  • Nonprofit
  • Nutraceuticals & Supplements
  • Online Dating
  • Pawnbrokers & Pawn Shops
  • Pet Products
  • Precious Metals
  • Property Management
  • Real Estate
  • SaaS Companies
  • Self Defense, Tasers & Stun Guns
  • Seminars & Coaching
  • SEO & SEM Services
  • Smoking Accessories
  • Survivalist & Tactical Gear
  • Taxes and Accounting
  • Tech Support
  • Ticket Agencies
  • Tobacco & Cigar
  • Travel & Timeshare
  • Travel Agency*
  • Utility
  • Vape / e-Cig / eJuice*
  • Veterinarians
  • Web Design Services

Please note, this is NOT a complete list; Moneybox Merchant Services Inc. serves hundreds of additional mid and low risk industries, too. We do not have a full list of industries we can work with, instead we keep a list of business that we currently can not support. See our FAQ page for more info. If the opportunity is right we will of course try to be considerate.

Sorry, we are unable to provide merchant services for foreign or offshore businesses, or any company that is headquartered, or operates, outside of the USA. We are also unable to provide merchant services for any business whose owner does not have a valid SSN and US issued identification (driver’s license, US passport, etc). That said we are working to fix this issue and should have a solution early 2025.

Yes, your startup or new business can be approved by Moneybox Merchant Services for a merchant account. We love startups! While newer businesses without processing history sometimes encounter hurdles when it comes to approval, Moneybox has helped many brand new businesses get their start in payment processing.

A high-risk merchant account is designed for businesses deemed as “high-risk.” These types of businesses have a greater likelihood of chargebacks, fraud, or other financial risk factors. High-risk businesses require such accounts to be able to accept credit and debit card payments.

Various industries are considered high-risk because of their inherent attributes. Some examples include CBD (Cannabidiol) products, e-cigarettes, vape products, stun guns, credit repair services, multi-level marketing, adult products/services, pawnshops, dietary supplements, SEO services, and tech support.

No central authority determines a business’s high-risk categorization. Every payment processor or bank sets its own standards, often based on internal risk management criteria. Providers assess businesses based on several detailed information bits to ascertain risk levels.

Factors contributing to a high-risk business include being a new business, having poor credit records or low credit scores, operating in controversial or highly regulated industries, relying heavily on international sales, and previous placements on the MATCH list by payment processors.

High-risk merchant accounts differ from regular accounts in several ways such as having a longer application process, higher payment processing fees, cash reserve requirements, volume caps in credit card processing, higher chargeback fees, and additional requirements based on the business type.

A high-risk business should ensure it maintains healthy cash levels, tries to reduce chargebacks, discloses all relevant information during the application process, keeps its financial documents ready, and adheres to the guidelines set by its payment processor.

A high-risk business can find a suitable merchant services provider by researching and listing down payment processors that cater to their industry. Businesses should consider factors like the processors’ experience in their industry, processing fees, equipment provided, customer support, experience with businesses in the same industry, and support for diverse payment methods.

Moneybox Merchant Services Inc. may not cater to all high-risk businesses (e.g. CBD merchants). It offers an upfront underwriting process that identifies risk factors early, saving the merchant time and potential costs. However, if Moneybox cannot service a particular business, they may recommend a processor better suited to your needs.

Best Processing & Support

“We conducted thorough research and compared different pricing options before settling on a new provider. After careful consideration, we chose Moneybox. We have been happy with the results for years since using their services. We interact with the product daily through their website, and most of the payments are automatically processed using Authorize.Net. We find Moneybox to be a reliable and efficient company.”
– Tom
Tom Bostic
Happy Customer

Fast Service, Unmatched Customer Service

“We changed our website and needed to get a new processor fast. Their prompt service and secure system are unmatched. We have been using their services for a while now and have never had any issues. In fact, they even require us to call them once a year to ensure our system is up to date. As our business continues to grow, we are excited to explore the many options that Moneybox has to offer, including a point-of-sale. They have been our go-to solution for everything, from terminal issues to website processing security. We couldn’t be happier with their exceptional service.”
Valmore Forgett
Happy Customer

Simply Amazing Technical Support

We were starting a new business and needed a reliable company to process our credit card payments. After some research, we found Host Merchant Services and began working with them in January 2021. The staff has been very helpful, and we’ve had positive experiences with both the Compliance team and technicians. We process payments in person using a terminal, and the service and machine have been excellent with no issues.
Tony and Sherry
Happy Customers

Consistent Communication

I had a wonderful experience with this company regarding high risk merchant services. Their consistent communication and daily updates regarding my application status during the approval process were greatly appreciated.
Christian
Happy Customer

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