Accept Credit Cards with A Merchant Account
Running and operating a business requires a large amount of focus and planning to become successful. In no other industry is this proven truer than for companies looking to offer beer, wine and liquor sales. This is due to the difficult to juggle tasks of satisfying customer needs while still maintaining full compliance of industry laws and regulations. Alcohol merchants often rely on credit cards from customers as payment to make revenue and continue to grow. Especially with the huge growth in online sales of alcohol, liquor merchants need a partner for online credit card processing on their websites to ensure timely payments and that customers get the products they need without delay. These custom-tailored alcohol and liquor merchant accounts are available from Leap Payments.
Getting Approved in a High-Risk Industry
The very nature of the liquor industry makes operating a business inside the space challenging for their owners. In addition to The Alcohol and Tobacco Tax and Trade Bureau (TTB) and age regulations put on various products, there are also rules for merchant account providers that they must follow before working with any companies. The future of the online alcohol and liquor sales is still unclear legally, which can potentially lead to higher rates of chargebacks than normally intended or allowed. Because of these many challenges, finding a processor that will agree to giving a merchant account to a liquor company is extremely difficult.
Banks and lenders often label companies with alcohol sales as high risk for a variety of reasons. Often, financial institutions might not fully grasp how the liquor industry works and this results in a lot of denials just because they do not want to take a chance. Leap Payments is here to help if you’ve had trouble acquiring online credit card processing or if you’ve been told your business is too high risk. We understand the alcohol and liquor industry, online and in-store, and we’ll develop a customized solution that meets your unique business needs.
Leap Payments Can Get You a Liquor Merchant Account
As a seller of alcohol and liquor, having a card processing partner that keeps your best interests in mind lets you get back to focusing on what is most important – your business. Leap Payments makes it easy to set up a merchant account and our pricing plans are designed to give you the flexibility to run your company all while paying the lowest possible rates with fast funding. Easy to integrate online processing into your pre-existing system on nearly every website shopping cart so your customers can continue to conveniently place orders. All transactions are completed safe and secured so you will have a lower risk of fraudulent incidences that end up costing you more. Contact Leap Payments today and speak to a liquor merchant account specialist for more information.