Startup Payment Processing Solutions

There are many aspects to take care of when opening a new business venture. One of the most important ones nowadays is definitely a startup merchant account for credit card, debit card, and ACH payment acceptance.
We provide startup payment processing solutions that will allow you to process payments from your customers quickly and easily. Contact Payment Savvy to get the best merchant account for your new business!

Why Choose Us?

• Collection Agencies
• Debt Buyers
• Consumer Finance
• Credit Unions
• e-Commerce
• CBD and Hemp
• Utilities
• Auto Finance
• Education

As the industry-leading startup payment processing solution specialists, we can offer your establishment reliable and fully integrated merchant solutions suitable for a startup budget.

Our acquiring bank relationships are far-reaching and well-nurtured. No matter the type of business you are looking to open, even high-risk ventures, we have a reliable payment solution for you, and we can adjust it to your individual needs.

Startup Businesses are High-Risk

Electronic payment processing of card and ACH payments is often taken for granted. Acquiring a credit card processing account for a newly-formed business is surprisingly hard to come across. Why? Simply put – risk. Startup businesses are considered riskier than their established counterparts due to:

• Product or service offered is often unproven
• Rapidly changing technology means ideas are outdated quickly
• Financial capital is non-existent
• Business owner has poor personal credit or bankruptcy
• Lack of operating history
• Prone to high chargeback ratios

Although startup businesses are high-risk, you do not need to expect a sub-par merchant service account.

The Benefits Of A Modern Startup Merchant Account

Here are some of the main benefits you can expect from our payment processing for startups:

Improving Sales

Nowadays, more and more customers prefer to pay with credit cards instead of cash. For this reason, having an excellent payment processing solution can help you encourage more customers to buy your products or services and improve your sales.

Avoiding Bounced Check Issues

Thanks to startup merchant account services and accepting electronic payments, your company can avoid all the annoying issues associated with bounced checkers. 

What’s more, when you combine it with a complete payment system, your merchant account can enable you to accept recurring payments for subscriptions and other services provided on a regular basis (cleaning, consultations, classes, etc.).

Enhanced Cash Flow

With startup payment processing solutions, you don’t have to wait for banks to deal with the transfer or the checks to clear – you will have faster access to your funds, as they are deposited directly into your startup’s bank account. In this way, you can improve cash flow and manage your finances more efficiently.

Easy Customization

You deserve an advanced and custom merchant experience for both your business and your customer base. Want to accept pay by text? No problem. Do you need a dependable and automatic recurring payment solution? We’ve perfected it. Looking for clients to pay automatically by phone? Our IVR platform is unbeatable. In short, Payment Savvy is the startup payment processing solution for any industry.

How To Establish a Startup Merchant Account

Our experienced and friendly team will listen to your current business goals and future needs to create the perfect payment solution for you. We know you have a lot on your plate; it’s our job to make the underwriting and approval process straightforward for new businesses We know you have a lot on your plate; it’s our job to make the underwriting and approval process straightforward for new businesses.

How Fast Can You Set Up Payment Processing For Startups?

In most cases, our startup merchants are up and processing within 48 hours. The key to fast approval is making sure you are organized and upfront with your merchant servicer.

How To Prepare For Opening Your Startup Merchant Account?

We make the whole process as simple as possible, so we need just a few items for you to prepare when applying for a startup payment processing account, such as:

• Copies of standard business documentation
• Your average single transaction, maximum single transaction, and monthly volume totals
• A resume showing experience in the field you will be operating in
• Card brand compliant site (if operating an ecommerce business)
• Compatible shopping cart platform or CRM software (if applicable)
• Review key merchant terms, so you understand your processor’s capability

Get Professional Help With Payment Proscessing

If establishing a startup merchant account sounds intimidating, we promise it isn’t! Partnering with an established provider, such as Payment Savvy, means you receive a dedicated account manager to walk you through best practices and underwriting scenarios from the get-go.

We have proven experience getting startups approved quickly and on the first try. Our banking relationships are so far-reaching that we can even set up a secondary merchant account for redundancy purposes.