The real estate industry is often considered high risk due to the potential for legal disputes, fraud, and identity theft. Additionally, the sector faces challenges with licensing, tax issues, audits, and penalties, making it difficult for businesses to secure merchant accounts. Financial institutions may impose higher processing fees to compensate for the increased risk, negatively impacting the bottom line of real estate companies. This treatment can also affect access to loans and insurance coverage, highlighting the importance of working with a knowledgeable merchant service provider.
By collaborating with a qualified and experienced provider, real estate businesses can navigate these challenges and ensure their operations remain compliant and financially stable.
Real Estate
Moneybox offers comprehensive payment solutions tailored to the needs of real estate businesses. With our services, you can seamlessly accept customer payments through various channels: online, in-person, and over the phone.
Online: For real estate eCommerce merchants, Moneybox provides secure and user-friendly payment gateway solutions. Our virtual terminal allows you to input customer details and accept card-not-present payments with ease. The simple interface makes it easy to learn and use, ensuring a smooth payment process for both you and your customers.
In Person: We offer a wide range of real estate POS devices to accommodate various customer transactions, such as brick-and-mortar storefronts, pop-ups, and field offices. Our stationary and mobile card readers are adaptable to any market, providing a seamless payment experience for your customers.
Over the Phone: Cater to your customers’ preferences by offering the convenience of calling in payments, ordering through email, or utilizing our virtual terminal. Our MOTO merchant account enables you to input customer payment details manually, ensuring a fast and easy payment process for card-not-present transactions.
Benefits of accepting credit card processing
Enhanced Sales: Credit card processing facilitates online transactions, promotes higher spending, encourages impulse buying, and broadens your customer base.
Security: By employing fraud detection and encryption tools, you can safeguard your transactions and maintain a secure payment environment.
Convenience: A real estate merchant account enables remote customers to swiftly transfer funds to your business account.
What do you need to setup a Merchant Account?
In order to setup a real estate merchant account the following is required:
- Corporate documents
- At least 3 months of banking statements and/or credit card statements
- Voided check or bank letter
- Proof of identity
- Address verification
- Sales tax certificate
In addition to the necessary documents, it’s crucial to have a well-prepared real estate business website that is secured with an SSL certificate and utilizes HTTPS.