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.
Moving Companies
Steps to Apply for a Moving Company Merchant Account
If you’re looking to apply for moving company merchant services, you need to understand the requirements to improve the odds of approval. Here are some important steps to keep in mind:
1. Provide All Required Documentation
To get started, you need to submit the following information to our underwriter:
- Your Social Security Number (SSN) or Employee Identification Number (EIN) – A valid government ID (such as a driver’s license)
- Your most recent bank statements from the last three months – Your most recent processing statements (if applicable)
- A pre-printed voided check or official letter from your bank
- While providing this information doesn’t guarantee approval, it’s an essential part of the application process that may lead to approval of online payment processing for moving and transportation companies through Moneybox.
2. Ensure the Safety and Security of Your Customers
As a responsible merchant, you need to ensure that your business won’t pose a threat to the credit card information you receive. Our underwriters will closely examine your moving company merchant services application and website to assess the risk mitigation procedures you need to implement. They will also review your financial records, such as credit scores, bank statements, and credit card processing history (if applicable). While these pieces of information are not deal-breakers, they will be considered as a whole. To improve your chances of approval, it’s important to pay off outstanding bills and debts, set aside some money in your bank accounts, and clean up your credit history.
3. Protect Against Chargebacks and Fraud
The moving and transportation industry is prone to chargebacks and fraud when processing credit card transactions. This is often due to user error, fraud, and improper website setup and management.
To protect your business against credit card chargebacks, you should consider integrated protection solutions hooked up to your transportation services virtual terminal. You should also aim to keep the fraud ratio below 2% to avoid account closure.
By following these steps, you can increase your chances of getting approved for moving company merchant services and start accepting online payments for your business.
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.