Merchant Processing for SAAS Companies

Moneybox can help your SAAS company obtain a merchant account.

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The Software as a Service (SaaS) Industry is Experiencing Exponential Growth, Fueled by the Widespread Adoption of Social Media and Smartphone Technology.

One way to attract a larger customer base is to offer microtransactions, which can be facilitated through SaaS payment processing. While launching a successful SaaS startup can be challenging, identifying and targeting the right audience can lead to substantial success and profitability.

To maximize your SaaS subscription billing service or software rental offerings, it’s essential to accept multiple forms of payment, including credit and debit cards. Failing to provide these payment options can result in missed sales opportunities and hinder the growth of your SaaS business. To mitigate risks and foster expansion, obtaining a merchant account is crucial in managing your SaaS company effectively.

Navigating High-Risk Challenges

Managing a SaaS subscription billing company is often considered high risk by standard payment processors due to the high volume of simultaneous transactions. However, there’s a solution that can provide peace of mind and enable your subscription-based business to thrive: a specialized SaaS payment gateway.

By partnering with a payment gateway and merchant account provider that understands the unique risks of the SaaS industry, you can confidently grow your business and amass more paid subscribers. As your subscription base expands, the risk of chargebacks and fraudulent claims increases, making it essential to have a payment processor that is well-versed in the nuances of high-risk industries.

In the event of chargebacks, a standard payment processor may not always rule in favor of the merchant or business owner, which can be detrimental to high-risk industries. Opting for a payment processor that welcomes SaaS businesses is a strategic decision that can help you avoid account warnings, flags, and terminations. This lets you focus on scaling your business and delivering exceptional customer value.

Advantages of Utilizing SaaS Payment Processing Services Incorporating a SaaS Credit Card Processing Service is Essential When Offering Software Rentals or Subscription-Based Services.

By employing a SaaS payment processing solution, you can continue to drive sales and attract new customers without the fear of losing your account or the ability to conduct business. Some key benefits of utilizing a SaaS billing solutions service for your merchant account include:

Enhanced Security: Process and accept payments with increased security by partnering with a reputable high-risk payment processor. Safeguard the information and data you receive and transmit on your website with a trusted payment processing solution. No Account

Terminations: Prevent account terminations by working with a high-risk SaaS merchant account provider. These providers are already aware of the risks associated with offering merchant accounts to SaaS business owners.

Greater Freedom and Flexibility: Enjoy increased freedom and flexibility for your SaaS business with a high-risk merchant account tailored to your unique needs.

Implementing SaaS billing solutions and merchant account providers is an effective strategy for expanding your SaaS business without feeling restricted. With the appropriate SaaS payment gateway, you can broaden your business horizons, attract more clients, and confidently promote your software or subscription services.

Frequently Asked Questions

Moneybox delivers merchant processing solutions tailored for a diverse range of businesses that provide software as a service (SaaS). With numerous high-quality SaaS options available today, there’s something for every industry and individual. Whether your SaaS company focuses on HR management, accounting, inventory control, gym software, scheduling applications, or any other valuable services, we’re here to help you secure a merchant account!

Moneybox Merchant Services partners with all major payment gateways, including Authorize.net, USAePay, FirstPay and NMI, ensuring that our merchant accounts for SaaS companies seamlessly integrate with popular software suites. We are committed to making the integration process as straightforward as our application process!

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.

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
  • Airlines
  • Alcohol
  • Antiques & Collectibles
  • Apparel & Clothing
  • Automotive
  • B2B
  • Bad Credit
  • Bail Bonds
  • Bar & Restaurant
  • Cigars & Tobacco
  • Cleaning Service
  • Clothing & Apparel
  • Collectibles
  • Continuity / Subscription Products
  • Continuity-Subscription
  • Credit Monitoring
  • Debt Consolidation
  • Dental
  • Digital Downloads
  • Digital Streaming
  • Document Preparation
  • Drop Shipping
  • Ecommerce
  • Educational Seminars
  • Electronics
  • Events
  • Furniture & Home Furnishings
  • Guns & Firearms
  • Gyms, Fitness & Yoga
  • Hair & Beauty Salon
  • Health & Fitness
  • Healthcare
  • High Volume
  • Hotel & Hospitality
  • Hunting & Outdoor Equipment
  • Insurance
  • Insurance / Warranty
  • 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
  • Telemedicine
  • Ticket Agencies
  • Tobacco & Cigar
  • Transportation & Moving
  • 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.

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.

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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Discover hidden savings in your merchant account

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What you’ll get:

No Cost

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Upload a recent merchant statement

We will identify where the WASTED SPEND hides within your EXISTING merchant account.

We will present an overview of account and fee health and discuss whether significant savings can be achieved.

You are not obligated to purchase anything.

You do not pay us ANYTHING unless you elect to have Verisave implement cost reductions on your behalf.