Merchant Accounts and Credit Card Processing for Account and Tax Preparation Businesses

Tax-preparation firms and accounting businesses are often in the line of fire before tax season arrives. These businesses operate remotely and need a secure payment gateway to cover their peak season traffic and help customers pay for their services.

We at Xccept work to end the suffering of all businesses needing payment processing for a higher-risk business model. We also cover tax preparation and accounting firms and give them the secure payment gateway they need.

 

Account and Tax Preparation – Merchant Accounts

What do Tax Preparation Firms Do?

Tax preparation firms are here to manage tax affairs for the common man and businesses. Sometimes ordinary tax affairs can become complicated, particularly if the taxpayer has a company or gets income from one source.

More complexity is added thanks to the new tax laws introduced every year. Taxes become even more complicated for small businesses in which the owners have to handle the withholding of income tax and reporting of his/her employees, and the owners also have to report regarding the employees’ healthcare.

Sometimes tax software can help, but experienced tax professionals can assist small businesses and individuals. These professionals have seen everything and can keep up with the new, ever-changing tax laws.

 

Payment Gateway

Why Should You Establish a Payment Gateway?

Cash is no longer king in today’s world as cards have taken over. The online feasibility of credit card processing makes it easier for customers to shop for discounts online and enhance their output. With credit card processing options, businesses can act on the requirements of their users to accept all forms of payment online. Ensure the tool or service you use comes with encryption to safeguard user’s personal information, including their credit card info.

We at Xccept offer credit card processing and merchant accounts to accounting firms. Our services help small businesses and high-risk vendors introduce an online payment gateway.

 

Benefits of Merchant Accounts

The correct tax preparation and accounting industry merchant account can assist accounting firms in improving services and providing a more reliable brand of benefits to consumers. The ability to offer multiple payment avenues is one thing that most vendors currently lack and one that can prove to be a great differentiator in the future.

Our merchant account allows you to accept payments from debit cards, credit cards, ACH e-checks, HAS cards, and much more. Payments would also be recorded through phone, text, mobile apps, and much more. The wide variety of payment options can add value for your consumers and gives them a reason to come back to you.

Another significant benefit of a merchant account is the ability to transact through recurring payments. Recurring bills allow consumers to split their bills into separate payments and make them over the coming months rather than at one specific point in time.

Our merchant accounts help you take and record payments in a seamless manner without any confusion. The benefits include:

 

Benefits of Merchant Accounts

1. Low Rates and Easy Setup

A merchant account offers meager rates along with fast approvals. We provide discounted rates for payment processing and also offer zero fees for credit card processing.

 

2. Integrated Payments

Integrated payments allow vendors to take payments anywhere they want from all kinds of devices. You may be able to accept payments from cell phones and a lot of other devices if you have a merchant account.

 

3. Multiple payment methods

The flexibility of merchant accounts allows vendors to secure payments from multiple avenues. You will be able to accept debit and credit cards, add ACH/checks for more sales from US buyers, and also secure international payments through a reliable gateway.

Companies with a global customer base realize the growth potential in targeting global markets across the world. Offshore credit card processing accounts help you expand your services to markets over the world with more potential. International payment support also comes with multi-currency processing as a standard feature.

4. Automated Scam Rejection

Our merchant account comes with automated fraud-fighting tools. These tools help you identify and approve good transactions while rejecting the bad ones. Additionally, the availability of more than one merchant account enables you to maintain consistency in operations without depending on a single option.

 

5. Easy Application

Applying for a merchant account is absolutely free without an obligation. Your dedicated account manager will take you through the process and approve your application as soon as they can. Many merchants operate with multiple accounts, which simplifies the management process.

 

Why are Accounting and Tax Preparation Businesses Considered in the High-Risk Payment Processing Category?

High-risk payments are allocated for sectors that face a higher number of fraudulent activities. This includes financial investment services, electronics, legal services, gambling services, and pharmaceuticals. Tax preparation services are also gradually becoming a permanent part of this niche as there are multiple factors that can cause payment issues.

A high-risk status is given to a company where monthly processing amounts change at a drastic rate. Tax preparation and accounting services are hard to predict, producing some slow and some busy months, especially before IRIS deadlines. With more likelihood for transactional disputes to happen, this can create risks for card processors, banks, and even the service provider.

Location is another significant payment risk. Tax preparation firms deal with clients remotely, with payments coming from different postal zones and gateways. This increases the risk of fraud and related crimes.

Xccept works to end the suffering of all businesses in need of payment processing for a higher-risk business model. We serve a large community of diverse industries around the world. You can contact us today to get a payment merchant account for your business, along with easy credit card processing.

 

Accounting and Tax Preparation - High-Risk Payment Processing
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Xccept is a registered ISO of PNC Bank, N.A., Pittsburgh, PA -Member FDIC; Woodforest National Bank, The Woodlands Texas; Citizens Bank, N.A., Providence, RI; Wells Fargo Bank, N.A., Concord, CA.

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