Document Preparation
Leverage a payment solution manufactured for your business in the document preparation industry.
We offer credit card processing services for a range of document preparation companies, such as those devoted to:
- Income tax
- Real estate
- Lease contracts
- Passports
- Visas
- Divorce
- Personal loan modifications
- Limited Liability contracts
- Partnership contracts
- Legal transcripts and summaries
- Student loan debt consolidation
- Debt negotiation and resettlement
- Bankruptcy petitions
- Deeds
- Mortgage loans
- Employee manuals
- Wills
- Estate planning
- B2B and B2G Alternatives
Some types of prepared documents, such as legal transcripts and summaries, are paid for by businesses using corporate cards or p-cards. Purchases made with these commercial cards are unique in that they include Level II or III enhanced data—in other words, they incorporate additional details that are passed through to all the parties involved in the transaction.
Due to the specificity, they're at a lower risk for fraud and chargebacks than traditional consumer card payments and, therefore, come with a reduced interchange rate. Thus, if you're preparing documents for other businesses, you require a payment solution that can automatically categorize these enhanced data purchases and qualify them for the reduced rate. If a business card is used but the transaction system cannot accommodate the additional details, they may be treated as Level I (the level for consumer credit card payments) and lose the discounted rate.
In addition to traditional consumer card processing, Website Payment Pro offers B2B credit card processing services for Level II and III payments for retail, online, and MOTO businesses.
High Risk, High Rate? Not Always
The merchant services industry is filled to the brim with account providers vying for your business. How do you sift through the numerous fast-talking vendors? Your negotiating power is a significant factor. While the bulk of processing fees is charged by Visa, Mastercard, Discover, and American Express, and merely passed through to you by a processing account provider, there is a flexible markup from the provider added to that. To determine it, they assess risk factors specific to your business type, performance, ticket sizes, volumes, and more. Document preparation companies are typically regarded as high-risk due to:
Substantial average ticket sizes
Inconsistent revenue (more relevant to tax prep firms with seasonal peaks and dips in cash flow)
Client chargebacks arising from buyer's remorse (common when the anticipated or desired outcome of the prepared document doesn't come to fruition), friendly fraud (when buyers dispute a payment that was actually legitimate), outright fraud, services not rendering as described, service never delivered, and more
Purchases typically take place online or over the telephone
There's not a brick-and-mortar location associated with an ecommerce business, which banks view as a risk (for example, if they go out of business, they may be difficult to track down)
It's important to inquire about a provider's rates, fees (recurring and one-time, including an early termination fee). The more you do, the more likely they will be flexible with pricing.
Rather than charging excessively high rates, we take measures to mitigate risks and, therefore, reduce your costs. Our in-house Risk, Chargeback, and PCI Compliance Teams are focused on fortifying your business against any potential financial loss. We strive for building long-lasting partnerships with our merchants rather than seeking a quick profit. In fact, our low rate guarantee ensures that we will beat the rate of your current provider. But that doesn't mean you're shorted on quality. Next-day funding ensures that you get paid as quickly as possible, whether for one-time payments or automated recurring billing. Our integration assistance helps you seamlessly connect your transaction system to other software such as shopping carts, accounting programs, and CRM solutions so your business operates as smoothly as possible.
From one-person home offices to large-scale document preparation sites, we can customize a payment solution tailored to meet your operation's unique needs. With a document preparation merchant account from Website Payment Pro, you don't have to settle for high transaction rates, hidden fees, and slow funding. In a free consultation, we'll show you exactly what you could save with a side-by-side comparison of your current processing statements and our proposal. Just starting out? No worries. Accept credit, debit, gift cards, and ACH payments with a simple yet powerful payment solution.
Streamline your document preparation business with Website Payment Pro's tailored payment solutions. Contact us today at 1-800-304-0555 to learn more about our high-risk merchant accounts and payment processing services for the legal and document services industry.
