MLM Credit Card Processing Isn’t Straightforward
Multi-level marketing (MLM) companies are commonly classified as “high-risk” within the credit card industry due to several issues that we cover later in this article. However, this doesn’t mean that your MLM business can’t accept credit cards. You simply need to find a high-risk merchant account provider that specializes in serving network marketing organizations. High-risk processors tend to charge higher per-transaction fees and can occasionally impose processing limits on their merchants, but the best providers will compensate for these drawbacks by providing products tailored to their merchants coupled with excellent customer support.
To help you find a high-risk processor that is a good fit for you, we’ve put together the following list of the best merchant accounts for multi-level marketing. The companies on this list offer online shopping cart integration, mobile phone processing, internet marketing tools, and other useful services for accepting credit cards at your MLM company. They are also known to provide low-commitment contracts with transparent pricing and quality customer service. To find the right provider for your network marketing business, be sure to research each processor’s products and features and compare pricing and terms.
How to Select the Best MLM Credit Card Processor
When selecting the best credit card processor for an MLM (multi-level marketing) business in the USA, there are several factors to consider that are specific to the industry. Here are some important things to look for:
Acceptance of High-Risk Merchants
MLM businesses are often classified as high-risk merchants by credit card processors due to the potential for chargebacks, disputes, legal issues, government regulation, and unpredictable growth patterns. As such, it’s important to look for a credit card processor that specializes in working with high-risk merchants, particularly those in the MLM industry.
Compliance with MLM Regulation
MLM businesses are subject to various regulations and laws, including the Federal Trade Commission’s (FTC) guidelines for MLMs. It’s important to select a credit card processor that is familiar with these regulations and can help ensure that your payment processing practices are compliant.
Flexibility in Payment Processing
MLM businesses often have unique payment processing needs, such as the ability to accept recurring payments or payments for different levels of membership. As such, it’s important to select a credit card processor that offers flexible payment processing options that can accommodate these needs.
Fraud Detection and Prevention
MLM businesses are often targeted by fraudulent transactions and chargebacks, which can be costly and damaging to the business. It’s important to select a credit card processor that offers advanced fraud detection and prevention tools, such as chargeback mitigation and real-time fraud monitoring.
Multi-Currency Support
If your MLM business operates internationally, it’s important to select a credit card processor that offers multi-currency support. This can help ensure that your customers are able to make payments in their local currency, which can improve customer satisfaction and reduce payment processing fees.
Reliable Customer Support
Look for a credit card processor that offers excellent customer support, particularly for high-risk merchants. This can be especially important if issues arise with funding holds, payment processing, chargebacks, or other payment-related issues. Search this website for any processors that you are considering so see how we rate its customer support. You may also want to call its support line to see how quickly you can get to a person. All of the credit card processors below have excellent support.
Top Picks For MLM Merchant Services
PaymentCloud
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high-risk business types, like MLMs. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud is a good option for multi-level marketing merchants and business opportunity vendors.
PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history. The BBB does not maintain a profile for PaymentCloud at this time, but CPO gives the company an “A.”
For more information, visit the PaymentCloud website or call (888) 506-7859.
For more information, see PaymentCloud or call (888) 506-7859
eMerchantBroker.com
eMerchantBroker.com is a Los Angeles, California-based company that offers high-risk e-commerce processing solutions including MLM merchant accounts. The company’s products include ACH processing, an online payment gateway, merchant cash advance, and a chargeback management system to help merchants dispute and resolve chargeback claims. eMerchantBroker.com places an emphasis on providing credit card processing for multi-level marketing businesses.
eMerchantBroker.com offers custom pricing for each merchant and maintains a low complaint rate relative to its size and merchant portfolio. Our review of eMerchantBroker gives the company an “A” rating overall and the BBB assigns the company a rating of “A+.”
For more information, see the eMerchantBroker website or call (877) 301-3442.
For more information, see EMB Merchant Services or call (877) 630-8710
Host Merchant Services
Host Merchant Services is a Newark, Delaware-based merchant account provider that is able to provide merchant accounts for MLM ventures. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to interested merchants. Host is a good fit for multi-level marketing companies that conduct a large portion of their sales online.
Host Merchant Services has received only positive feedback on public forums, with most reviewers singling out the company’s customer service for praise. Host offers custom pricing to all of its merchants, but most merchants will enjoy transparent pricing and the ability to cancel service without penalty. The Better Business Bureau gives Host an “A+” rating, and CPO also gives the company an “A+.”
For more information, visit the Host Merchant Services website or call (888) 591-9026.
For more information, see Host Merchant Services or call (888) 727-4538
National Processing
National Processing provides both traditional credit card processing and offshore payment processing for MLMs. The company, which was founded in 2007 and is based in Lindon, Utah, provides credit and debit payments, payment gateways, e-commerce solutions, and eCheck processing services to card-present and card-not-present merchants. National Processing can provide credit card processing solutions for physical locations and can also process online payments from your MLM clients.
National Processing consistently receives positive reviews regarding its sales and support staff and is currently showing zero recent complaints on the usual consumer protection websites. Our review of National Processing awards the company an “A+” rating at this time and the BBB is currently granting National Processing an “A+” grade.
For more information, see the National Processing website or call (385) 777-1235.
