Boca Raton, FL (PRWEB) December 24, 2015
MagicPay Merchant Services, an industry leader in payment processing, has announced the release of a new solution specifically designed for those in the drop shipping industry. This service is meant to make it easier for drop shippers to begin accepting credit card payments online, a challenge that many drop shippers currently struggle with.
The Challenge of Payment Processing in the Drop Shipping Business
It's no secret that being in the drop shipping industry makes it difficult to accept and process credit cards online; this is largely due to the fact that the merchant isn't able to directly ship the product themselves. Instead, they rely on a third-party company to handle the shipping. As a result, many traditional banks refuse to approve drop shippers for credit card and payment processing due to the perceived risk involved.
This is where MagicPay Merchant Services has stepped in with its new payment processing service for drop shippers.
MagicPay Drop Shipping Merchant Account Services
MagicPay specializes in offering merchant account services for the drop shipping industry, and with their new solutions, they've made it possible for drop shippers to begin accepting credit card payments online. They're able to process all major credit cards, which provides added convenience to clients.
Their new payment gateway also utilizes a number of security features, including address verification technology and 3D secure technology (which is verified by Visa and MasterCard Secure Code). Using MagicPay's payment gateway (or the payment gateway of one's choice), drop shippers can manage their payments while reducing their chargebacks and retrievals. MOTO transactions are also accepted through MagicPay's Virtual Terminal.
No matter what the drop shipper's monthly volume, MagicPay has a merchant account service to offer; even high ticket, high monthly volume clients can receive the payment processing services they need to run their businesses successfully. MagicPay is also offering the incentive of zero setup fees, annual fees, or cancelation fees to its drop shipping clients.
The Application and Approval Process
One of the greatest hassles in trying to implement a payment processing service as a drop shipping company is applying and getting approved for merchant services, as many traditional banks and financial institutions require a long and drawn-out process. On the other hand, MagicPay offers quick and simple online applications that can be approved in as little as 24 hours. This allows drop shippers to get their accounts set up and begin accepting online credit card payments promptly upon approval.
Those with poor credit who have been hesitant to apply for payment processing services with banks in the past have also been relieved to know that MagicPay is willing to work with drop shippers who may have less-than-perfect credit.
For drop shippers looking for a reliable and easy-to-use payment processing service, MagicPay is a viable option. With solutions specifically designed with the drop shipper in mind, along with a quick and easy approval process, MagicPay is setting the precedent with this revolutionary new payment processing solution.