At 2Accept, we understand that navigating payment processing can raise many questions. Below are answers to some of the most frequently asked questions by our customers.
2Accept specializes in providing payment processing solutions for a wide range of industries, including those considered high-risk. We support businesses in sectors such as CBD products, firearms and ammunition, adult entertainment, subscription services, and more. Our goal is to offer tailored solutions that meet the unique needs of each industry.
If your previous payment processor has terminated your account, 2Accept is here to help. We understand the challenges faced by high-risk businesses and are experienced in providing reliable payment solutions to keep your operations running smoothly. Our team will work with you to assess your situation and set up a new merchant account promptly.
Our streamlined application process is designed to get you up and running quickly. Once we receive all the necessary documentation, approvals can often be completed within 48 hours. We strive to minimize downtime and ensure a seamless transition for your business.
Currently, 2Accept focuses on serving businesses operating within the United States. We require that business owners have a valid Social Security Number and U.S. issued identification. For international businesses, we recommend seeking processors that specialize in global merchant services.
Yes, having a low credit score does not automatically disqualify you from obtaining a merchant account with 2Accept. We assess each application individually and work with banks that specialize in high-risk industries. While a lower credit score may influence certain terms, it does not prevent approval.
The classification of your business depends on various factors, including industry type, transaction volumes, and chargeback ratios. High-risk industries often include those with higher instances of chargebacks or regulatory scrutiny, such as adult entertainment, firearms, or CBD products. Our team can help determine your business classification during the application process.
To expedite the approval process, please provide the following documents:
Providing complete and accurate documentation helps ensure a swift approval process.
High-risk processing fees are often higher due to the increased risk associated with certain industries. Factors such as higher chargeback ratios, fraud potential, and regulatory requirements contribute to these elevated fees. At 2Accept, we strive to offer competitive and transparent pricing tailored to your business needs.
A rolling reserve is a percentage of your daily credit card sales withheld by the processor to cover potential chargebacks or fraud. This reserve is typically held for a predetermined period before being released. While not always mandatory, rolling reserves are common in high-risk merchant accounts to mitigate financial risk.
Yes, if you anticipate higher sales volumes, you can request an increase in your processing limits. We recommend establishing a consistent processing history before requesting an increase. Our team will review your account and business needs to accommodate growth.
If you have any other questions or need further assistance, please don't hesitate to contact 2Accept. Our dedicated support team is here to help you navigate the complexities of payment processing and ensure your business's success.