The multi-level marketing business can be a rewarding experience. Many MLM companies have established a solid reputation for high-quality products and services, while providing flexible business opportunities for those who represent them.
If you are in the multi-level marketing business, you are probably well aware of the potential for success your business offers. The freedom of entrepreneurship is another benefit that is beyond monetary value.
However, you probably are aware of the challenges of this business as well, especially when it comes to opening an MLM merchant account.
Challenges of Opening an MLM Merchant Account
Although many multi-level marketing businesses have reputable operations, there have unfortunately been many instances of Multi Level Marketing fraud. Because of this, banks are not often eager to work with Multi Level Marketing businesses to establish a merchant account.
If you have tried to apply for merchant services, you may already be familiar with the high fees that are offered by the few banks that are willing to approve your account.
This can be discouraging, but CDKPay can help. We know your business well, and we can assist you in opening an MLM merchant account with reasonable rates.
Credit Card Processing for Multi-level Marketing 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 MLM 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 MLM 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 MLM 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 adult merchant account.
MLM Merchant Account Application Process
- We will contact you to discuss your needs in detail and make sure that we understand your unique Multi Level Marketing 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 adult 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.