Questions? Call Us Now!
Start Accepting Credit Cards Today

HighRiskPay.com is one of the leading High Risk Merchant Account providers of credit card processing & payment gateways to businesses with bad credit.

CONTACT INFO

Copyright © 2021. High Risk Pay | Privacy Policy

Sign Up Now!

With No Setup Fees!

High Risk Merchant Account Services

Accept all major credit cards

Regardless of Credit History!

3 Ways to Add Value to Your Subscription Merchant Services

Posted on 17 September, 2020

right merchant account

The modern world is full of subscription merchant services. Magazines and newspapers used to be the only real subscription services a typical family would purchase. Some folks even remember the joy of getting their CD, DVD, or cassette tape in the mail as part of their music subscription.

Today, more companies and industries are finding ways to take advantage of subscription merchant services. The challenge that these businesses run into typically revolves around finding the right subscription merchant account that can handle credit card payment processing while also adding value to the overall business.

From at-home meal prep delivery services to wine of the month clubs to educational video programs, subscription programs and businesses are popping up everywhere.

If your business is exploring adding a subscription element to your business model or is simply looking for a way that your high-risk business to partner with the right continuity credit card processor, it’s crucial that you find the right merchant account.

Why Worry About Value?

Before we explore ways to add value, it works discussing while value even matters in the first place. It’s tempting to only consider the overall price when choosing a high-risk merchant or credit card processing service provider. If your fees are low and the service works, it should be good enough, right? Wrong.

Estimates show that over 15-percent of online shoppers have signed up for at least one subscription service, which results in millions of dollars for the involved companies. They sign up based on recommendations, curiosity, a special promotion, or an easy way to cancel.

Roughly 40% of subscribers cancel, often within the first month. A key reason they cancel: lack of value for the cost.

A profitable subscription service relies on repeat business. When customers are leaving, you could lose all of the money you thought you were saving by going with the cheapest merchant account and payment gateway.

Value Added is a Customer Kept

Balancing the cost of your merchant accounts with the value it offers those who have a membership with your company is one of the best ways to keep members active and those recurring payments coming.

Here are some ways the right merchant account can add value to your high risk subscription-based service:

1. Secure Clients are Happy Clients

The issue of data security is one of the biggest concerns consumers have when they are considering typing in their debit card information. This especially true with it comes to reoccurring billing with credit cards.

Customers want to know that their personal, private, payment information is going to be safe. Business owners want the same thing: secure data.

Secure merchant services give customers peace of mind when shopping online or signing up for a subscription service. That means that data is encrypted at different places along the entire process.

Whether customers are making a one-time credit card payment or want some kind of recurring billing, merchants can rest assured that customers are protected.

Of course, there is an added benefit when your payment gateway supports PCI Level 1, at a minimum: you save money on software upgrades and security programs because your payment gateway already does all the heavy lifting.

2. Convenience Means More Sales

If shoppers find any difficulty in the check-out process, merchants lose sales. A merchant account that doesn’t support credit card processing, for example, deters those who don’t carry cash from shopping.

When you move to an online business, you want a processor that can take payments digitally without forcing the consumer to call the company. When your company takes orders online, it means people can shop at all hours of the day, even when you’re not officially open.

Another element of convenience that works towards your advantage is allowing shoppers to save their payment information. When someone has to enter their credit card information every time they want to purchase something, you create a roadblock that could lower sales.

When they can simply log in, click a “buy button” and check out, they are more likely to make more and large purchases. Your subscription-based program relies on being able to store customer data, or the entire thing falls apart.

Finally, merchant accounts that can accept multiple forms of payment are more accessible to the consumer and customer.

It’s fairly common for stores to accept credit or debit cards and offer credit card processing, but have you considered taking other forms of payment? These transactions could come from a third-party site like Paypal, Venmo, etc. or could even be an alternative form of payment altogether, like Bitcoin.

If your magazine, flavor of the month, or streaming products are offered internationally, your shoppers will appreciate being able to purchase goods in their own currency.

You’ll appreciate not having to worry about exchange rates and international transaction issues. Instead, you and your clients will appreciate the value of a flexible merchant account.

3. Clear Expectations Reduces Chargebacks

While most shoppers wouldn’t argue that clear terms and conditions is a crucial part of their shopping decisions, there is a great deal of hidden value in setting expectations.

When your business offers recurring billing and payments, you want a comprehensive, yet concise, contract or operating agreement. These signed contracts outline how the process works; what will be delivered, pricing, how many, and when; help understand how to cancel; and more.

When expectations are clear, your company is better protected in the case of chargebacks, complaints, or even lawsuits. A merchant account provider that doesn’t help with creating, displaying, and using a proper contract puts your subscription program at risk.

When Value and Low Prices Meet

Whether you’re looking to start a subscription program or just need to trim the fat on your current subscription merchant account, there has never been a better time to contact us at HighRiskPay.com.

As one of the most flexible, cost-effective, and subscription merchant accounts providers in the industry, our mission is to bring value to your high-risk merchant services. From helping make sure your recurring payment programs are safe and secure to ensure sure your business can get the best rate in town.

Contact us today to discuss your needs. Give us a call or shoot us a message on our website to get started with your free consultation and quote. We’ll help you keep more of your subscription-based clients and your business by adding more value for less. Reach out to HighRiskPay.com today.

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

35 Comments

  1. I do love the way you have framed this matter plus it really does offer me personally a lot of fodder for consideration. However, because of what precisely I have personally seen, I just simply trust as other responses pile on that men and women keep on point and in no way start on a tirade of some other news of the day. Yet, thank you for this superb piece and although I can not necessarily concur with it in totality, I regard the viewpoint.

  2. I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it is rare to see a great blog like this one nowadays..

  3. With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My site has a lot of exclusive content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the web without my agreement. Do you know any methods to help stop content from being stolen? I’d truly appreciate it.

  4. Hi my friend! I want to say that this post is amazing, nice written and include almost all vital infos. I would like to see more posts like this.

  5. Excellent weblog right here! Additionally your web site rather a lot up very fast! What web host are you the usage of? Can I am getting your associate link in your host? I want my website loaded up as quickly as yours lol

  6. Looking forward to reading more. Great blog article. Much thanks again. Great. Dasie Roddie Elliot

  7. You are a very intelligent person!

  8. Youre so cool! I dont suppose Ive read something like this before. So good to seek out somebody with some authentic ideas on this subject. realy thanks for starting this up. this web site is something that’s needed on the internet, somebody with a little originality. helpful job for bringing one thing new to the internet!

  9. Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun. Jaquith Arvie Zebe

  10. Hiya! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My site looks weird when browsing from my iphone4. I’m trying to find a theme or plugin that might be able to correct this issue. If you have any suggestions, please share. Appreciate it!

  11. You ought to be a part of a contest for one of the most useful sites on the internet. Janith Rodrique Hercule

  12. Thiss piece of wriying will assist the internet visitors for setting up new websitee or even a weblog from start to end. Renie Payton Yuri

  13. Pretty! This has been a really wonderful article. Many thanks for supplying this info. Luci Darcy Bloom

  14. What’s Happening i am new to this, I stumbled upon this I’ve discovered It absolutely helpful and it has aided me out loads. I am hoping to give a contribution & assist other customers like its aided me. Great job.

  15. Hi, constantly i used to check blog posts here in the early hours in the daylight, for the reason that i like to learn more and more. Traci Nilson Missie

  16. Excellent post. I am dealing with many of these issues as well.. Marje Hamnet Brodsky

  17. Helpful info. Lucky me I found your website accidentally, and I’m shocked why this twist of fate didn’t came about earlier! I bookmarked it.

  18. I’ve read several good stuff here. Definitely worth bookmarking for revisiting. I wonder how a lot attempt you put to make this type of excellent informative web site.

  19. If you desire to get a good deal from this post then you have to apply these strategies to your won weblog. Margaret Derrik Clementine

  20. Someone essentially help to make seriously posts I would state. This is the very first time I frequented your website page and thus far? I amazed with the research you made to create this particular publish incredible. Magnificent job!

  21. You made some decent points there. I looked on the net to learn more about the issue and found most people will go along with your views on this site. Ansley Callean Bolanger

  22. If some one wants expert view regarding blogging after that i advise him/her to visit this webpage, Keep up the fastidious work. Anna-Maria Rowland Winnifred

  23. Hello, I think your website might be having browser compatibility issues. When I look at your website in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, awesome blog!

  24. Well I definitely liked reading it. This post offered by you is very useful for correct planning. Leda Cristiano Kwapong

  25. Hi! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the fantastic work!

  26. My brother suggested I might like this blog. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this info! Thanks!

  27. Thanks , I’ve recently been looking for info about this subject for ages and yours is the best I’ve discovered so far. But, what about the conclusion? Are you sure about the source?

  28. There is perceptibly a bunch to know about this. I believe you made some nice points in features also.

  29. Excellent post. I was checking constantly this blog and I’m impressed! Very helpful info specially the last part 🙂 I care for such information much. I was looking for this certain info for a long time. Thank you and good luck.

  30. Keep functioning ,impressive job!

  31. Hi there, I found your website by way of Google at the same time as looking for a comparable matter, your web site got here up, it appears good. I have bookmarked it in my google bookmarks.

  32. Pretty great post. I just stumbled upon your blog and wished to say that I’ve truly enjoyed surfing around your blog posts. After all I will be subscribing on your rss feed and I hope you write once more soon!

  33. Hello my family member! I want to say that this post is amazing, nice written and include approximately all significant infos. I would like to see extra posts like this .

  34. what erectile dysfunction
    erectile tissue histology

  35. erectile strength diet
    best erectile dysfunction pumps

High Risk Merchant Account Services

Accept all major credit cards

Regardless of Credit History!