Take positive control of your tech funding and manage payment processing faster by placing your trust in a merchant account firm.
Payroll isn’t easy, and in a time where ransomware attacks, printer issues Point of Sale (PoS) and other tech issues are daily demands, why waste time pushing payments yourself?
To keep your tech skills in use and to get more time to manage your business-or to make the business run itself easier-consider a few areas where a great tech support merchant account would come in handy.
Manage Remote Support Customer Transactions
Remote support makes it easier to reach customers across the country or across the world. There is no shortage of people who need tech help, just a shortage of local problems to solve.
One problem that plagues growing businesses-or independent contractors who pick up a lot of clients, depending on how you identify-is succeeding so much that you can’t keep up.
You need faster tools, policies for handling different types of people, and sometimes more employees. Almost every aspect of growth involves spending money to make money-or worse, spending money to avoid sabotaging yourself when your new customers get angry at your lack of services.
Some states and most countries charge specific taxes for interstate and international transactions. The costs are noticeable at high volumes, but it can be hard to track where and why you’re losing money when all you’re doing is
taking more customers.
Using a tech support merchant account will give you a financial command center that shows where your purchases come from. Payment processing in an organized, centralized location makes it easier to look for additional taxes, duties, and other fees that could be sinking into your profits or scaring your nonlocal customers away.
Chargeback Defenses Made Easier with Customization
Chargebacks are common in the tech support world. It doesn’t even have to be about satisfaction; if someone infects their systems by doing the same risky activities, they may blame you anyway.
Since digital repairs are hard to prove, customers using major credit cards may start a chargeback or refund claim just to see if they can get away with it. The customer is always right-especially in VIP credit services-and many merchant account services make it hard for tech support to open a merchant account without a lot of proven performance.
If you’re just getting started or need consistent funds to fight back against unfair chargebacks, merchant account providers can give a chance to high-risk concepts like tech support
What if you’re not high risk? What if you have a lot of honest, satisfied customers? A merchant account is still better than trusting a standard bank account or holding
cash on hand.
Payments for digital services are easily tracked, and you need to protect yourself from tax penalties. Even if you’re not worried about taxes, knowing how much money is coming in, from where, and having a separate account to keep your personal purchases tracked separately can help you measure growth and other changes.
Atech support merchant account can consolidate a lot of the stress points that come from remote support growth. If you want to track sales and payments for remote support, you can use the merchant account to manage those transactions while protecting yourself against chargebacks.
The hardware can be tracked down by the device ID, confirmed with a delivery package, and protected with a limited warranty. If the customer has no complaints early on, it’s hard to claim that hardware doesn’t work or wasn’t received with software, it’s hard to prove what you’ve done to people who aren’t tech savvy. You can provide logs, screenshots, and videos all day, but if payment professionals know nothing about your industry, they may as well be reading a foreign language.
Tech support businesses don’t have time to wait for legal intervention. By that time, a lot of wasted money and reputation damage can slow down progress.
Tech professionals have a lot of ways to prove their services, but do you have something that speaks financial language? How do you track your receipts? Do you have invoices for your services, and are they easy to read for financial professionals?
To defend yourself in chargebacks or to keep your financial evidence in good order, a tech support merchant account needs to be in place. Merchant accounts for FinTech businesses use customizable subscriptions that can explain exact services, broad categories, or otherwise label your transactions.
A balance of specifics and broad strokes is crucial. You may want to avoid extremely specific terms, as using the wrong term could give a rogue customer all they need to
argue false advertisement. Using categories that link customers to your services, the amount, the date, and the time can do a much better job.
Do you disagree with that assessment? Do you have services that work differently or strict policies that can support specific levels? Since modern merchant account managers deliver custom sales options, you can implement your idea and try a few other ideas as you grow.