We can help you get started right away. Warranties are hard enough to sell these days without having to worry about taking credit cards.
We know that selling warranties can be hard, although protecting people’s investments is important to them, the competition is so heavy that it makes it more problematic. You have enough things to worry about like sales, terms and conditions, leads, marketing and so forth. We can take care of the merchant processing solutions so you can focus on what you do best which is selling service contracts.
Challenges to Opening a Warranty / Service Contract Merchant Account
The biggest challenges will be regulatory scrutiny, chargebacks and high chargeback ratios! The best ways to counteract these challenges are numerous. First and foremost, the terms and conditions must support what the sales staff is telling the customer. A good sales staff that is honest and reputable will help a lot here. The terms and conditions need to be discussed and the website and paperwork has to be top notch. With all these things in place you will succeed!! Let us help you with support to make sure your company can prosper financially while knowing the best strategies and solutions for merchant processing are in place.
Auto Warranties Credit Card Processing with CDKPay
Choosing the right bank is one of the most important steps in this process. If you start with the right financial institution, you won’t experience the hassle of going from bank to bank to find approval.
CDKPay is experienced with auto warranties merchant accounts, and we work with a wide network of banks.
Our expertise will eliminate trial and error, as we will match your company with a bank that understands your business model.
Low Rates that Help You Stay Profitable
Getting approved for an auto warranties merchant account will not help if you have to pay ridiculously high rates. CDKPay has established relationships with the right banks to bring you affordable rates. Most of our clients are able to attain low rates for credit card processing, some even as low as 2.95%.
Establish Long-Term Credibility
There is more to being a successful auto warranty merchant than getting approved with good rates on the front end. Chargebacks and instances of fraud can damage your credibility and cause a rate increase. Persistent problems can even cause you to lose your merchant account. At CDKPay, we help you prevent chargebacks by monitoring and preventing fraud from happening, helping you to successfully process payments through your auto warranties merchant account.
Auto Warranty Merchant Account Application Process
- We will contact you to discuss your needs in detail and make sure that we understand your unique auto warranty business model.
- The experience and expertise of CDKPay is used to find the right merchant account provider, and we help you begin the application process.
- Once the application is approved and an agreement is signed, you are ready to take your auto warranties merchant account live to begin payment processing!
- CDKPay is available to you for ongoing support. We offer responsive customer service so that you can run your business with ease.
CDKPay can help you with payment processing solutions that are reliable and affordable for your business.