Hustle and bustle is nothing new to the owners of taxi and limousine companies. Their cars run hither and yon all day long, fetching passengers and shuttling them to their destinations in the most expedient manner possible. In addition to transporting the human cargo, limo and taxi drivers are also expected to collect fares upon arriving at the desired addresses. Of course, it is in the car services’ best interests to process their customers’ payments with some speed, too, so they can pay their employees, obtain the proper permits to run their automotive shuttles, and repair damaged vehicles. The quickest way for customers to pay is with plastic, but many taxi and limousine companies face tough roadblocks when it comes to accepting credit cards via a taxi credit card machine.
In order for a company to accept credit card payments – whether in-office or online – it has to have a merchant account to process those remittances through. Merchant accounts are managed and allotted to clients by credit card processors who do not grant them easily. The processors often deem many businesses that have large amounts of credit card information to process as being high-risk. Once it has assessed that a client is high-risk, a processor will either deny the company the merchant account it is looking for, or force that business to share the processor’s own account. If the business uses the processor’s merchant account as a third party, it will be subject to hefty fees and lengthy holds on the funds in the account. This kind of treatment from the credit card processing companies can make businesses decide it is not worth it to take plastic – which can deter the regular customers who use car services, because many of them are travelling and not carrying cash.
Fortunately for the automobile shuttling industry, Charge.com is one processor offering a smooth ride. The application for one of their merchant accounts is completely free, easy, and fast. Notifications of approval are often received by client within a few days – not a few weeks. 24-48 hours after obtaining an online merchant account with Charge.com, businesses can begin processing all kinds of remittances in real-time and at some of the most affordable rates. Clients can pay as low as 0.25% for payment processing, and only $0.15 per transaction. Best of all, a merchant account with Charge.com is a private one, so there are no onerous third-party holds placed on clients’ funds – they can access their money at their convenience. Other terrific advantages to using Charge.com include:
- Easily available high-risk (and low-risk) merchant accounts
- FDIC Insured accounts
- No hidden fees
- Free technology complete with set up – includes mobile credit card readers, in-store credit card swipe machines, and Virtual Terminals that take orders, process payments, send invoices, and keep the books all from a Web-based system
- Free 24/7/365 expert technical support
- More market exposure for small and independent companies
- Domestic and International accounts available
Taxi and limousine services are all about keeping people moving. In order to do their jobs, they need to keep their money moving, as well. Charge.com is ready and willing to get all of the obstacles to good credit card processing out of their way.