There are around 9000 document preparation service companies serving a wide range of industries from healthcare to legal to the financial sector and generate approximately $5-6 billion in annual revenue. One of the most common services by such companies is documentation for understudy credit and merchant account.
- Understudy is where billions of dollars are loaned every year and there are a lot of scammers who try to get your cash by offering services for their own reasons. Therefore, it gets really important for you to study them well so as to avoid scams. The Customer Finance Protection Bureau (CFPB) had always cautioned understudies to look out for such scammers when you require understudy credit or any kind of assistance with respect to it.
- The merchant account is same as a bank account required by a business to carry out the transactions coming from multiple ways. But before signing an agreement you must go through the contract very carefully. If you are in doubt, talk to the service provider about it and clarify your doubts.
How to Get the Document Ready for a Merchant Account?
The first step is to apply for a high-risk merchant account with a high-risk merchant service provider. Reason being, document preparation merchant service is a high-risk industry. This categorization is the reason why you need to find a high-risk merchant service provider, guidelines of which allows accepting documentation preparation companies like Merchant Stronghold. Copy of the following information must be included in your application when applying for the merchant account:
- Owner’s ID
- Social security number of the owner
- Voided business check
- Last three months credit card processing statements (if applicable)
When you apply for a merchant account (which can be done online), a team of credit card processors underwriting will review your application and if approved. Hence, you will be able to accept debit and credit card payments.
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How to Find a Good Document Preparation Merchant Service Provider?
The best advice is to communicate with the people in the same industry as you are and gather the knowledge about the credit card processor. Make a list of it or check the services provided by them. Also, see the reviews of them or give them a call and talk to them about your queries. And, it is always better to invest your time at the initial stage and choose the right service provider rather than regretting your decision later.
Merchant Stronghold is one of the trusted names as document preparation merchant service provider and offers high-risk merchant account documentation service for businesses dealing in:
- Student Loan Consolidation
- Debt Counseling
- Finance Industry
- Medical Industry
- Legal Industry
Services offered by Merchant Stronghold are:
- MoTo (Mail order/Telephone order)
- Recurring billing
- E-commerce account
Simply complete our online application form. In addition, our well-qualified team will help you with the document preparation and board you within 48 hours. At Merchant Stronghold. We make sure to provide the best services at a very reasonable price. A happy customer is our main goal. Our team works 24*7, 365 days to satisfy our customers.
Feel Free to call us at +1 (888) 622-6875 or email us at firstname.lastname@example.org for queries.