Another business type that Merchant Processing Advisors can help is timeshare companies. While the common image of a timeshare business harkens back to the 1950s and 1960s, the timeshare is alive and well today. In 2011 alone, there were a total of 1,548 timeshare resorts in the United States alone, and these resorts represented a grand total of 194,200 units. Sales in timeshares reached $6.5 billion within the USA for 2011. While the average timeshare owner are upper-middle income (roughly $80,000), but the fact remains that banks consider timeshare businesses to be high risk merchants. This puts such businesses in a bind as they need to find a merchant account provider that can provide services for their specialized needs. Even if the find one, they still usually pay a higher rate for processing transactions due to being a high risk merchant. The solution to this dilemma is Merchant Processing Advisors because we specialize in high risk merchants. We have partnerships with financial institutions around the world, allowing us to provide the ideal processing for any timeshare business.
Timeshare businesses face some unique challenges. They need to find a merchant account provider that will help facilitate a recurring billing program, have payment gateways to ensure safe and reliable transactions, offer virtual terminals, and have the capacity to handle multiple currencies in case the business’ clients come from different parts of the world. Most banks do not want to handle any such issues, especially in the light of the possibility of increased chargebacks due to multiple owners for a single condominium or dwelling. Merchant Processing Advisors offers solutions when banks offer nothing but empty promises. We can provide you with merchant account providers, domestic and offshore, willing to compete for your business and offer competitive rates. When you’re tired of being ignored or given the runaround by your local bank, contact Merchant Processing Advisors for a free consultation. You can also fill out our high risk merchant account application and receive rate quotes within 24 to 48 hours. Our services are provided at no additional cost to you.
Our services are provided at no additional cost to you.