Furniture Merchant Account

A Furniture Merchant Account is a bank account that lets furniture businesses accept credit and debit card payments. It’s a specialised account that can be used by many types of furniture businesses, including retailers, wholesalers and online stores.

Benefits:

Secure payment processing: Protects against fraud and disputes.
Low transaction fees: Helps to optimize costs.
Robust payment gateway: Helps to facilitate online transactions.
Manages high-ticket items: Can help to mitigate chargebacks.

Requirements:

To open a Furniture Merchant Account, you will need to have a registered business.
Some banks may require that you also have a business checking account with that bank.
You will need to submit supporting documentation to the provider.

Features:

Rolling reserve: A percentage of transactions may be withheld for up to 180 days to protect against chargebacks.
Accepts major credit cards: Includes ATM debit cards, Mastercard and Visa.

Challenges:

Furniture businesses may face challenges like chargebacks, issues with the bulky nature of the items and the complexities of online transactions. At PayDaddy we have all of that covered through our trusted partner payment providers for the furniture industry.

PayDaddy