People are in constant need of auto repairs and diagnostics. With the US auto service market sitting at a value of about $188.13 billion in 2024, it’s safe to say that companies belonging to this industry are constantly seeing customers and in need of the proper payment processing services. Unfortunately, many automotive repair and mechanic shops may lack the right payment processing methods they need for success. Working with a high-risk payment processing like USA Payments may be the right choice for you if you’re a merchant belonging to the automotive repair industry!
Are Automotive Repair and Mechanic Shops Considered High-Risk?
Banks and other payment processing platforms may often reject a business’s merchant account if they are deemed high-risk. A lack of a merchant account may get in the way for businesses who are looking for the most optimal payment processing softwares for their business. This can then interfere with business transactions, customer experiences, and much more. Auto mechanic shops are considered high-risk due to:
High-Ticket Transactions
Auto repairs can be pricey. Because auto repair shops often handle high-ticket transactions, many banks and payment processors see this type of merchant as high-risk. Mechanic shops often charge for auto part replacement, labor, and so on, which can add up when it comes to a singular transaction. Because of these higher-priced transactions, banks and payment processing platforms may choose to steer clear of working with these types of businesses.
Chargeback Frequency
Businesses that see a constant rate of chargebacks are also deemed high-risk. Chargebacks are filed by customers with their banks in order to get their money back. Customer dissatisfaction, fraud, installation errors, and more can result in chargebacks being filed with a mechanic shop. There may also be a miscommunication of the auto services needed, or a customer may not fully understand the extent of repairs needed. And because auto repair shops see a lot of high-priced transactions, combining this with possible high chargeback frequency makes these businesses high-risk.
Dropshipping Auto Parts
In the case of an auto repair, many shops have to drop ship auto parts, which means they don’t have the item in stock at the moment. Auto parts can be quite pricey, and due to a number of reasons, chargebacks for auto part orders or other mishaps can be pretty costly as well. High-ticket transactions paired with high-priced product ordering make most auto repair shops too big of a risk for banks and other payment processing platforms.
How Can My Auto Repair Company Obtain Payment Processing?
Unfortunately, lacking the right payment processing solutions can make a huge difference when it comes to the seamless operations of any auto repair or mechanic shop. And in today’s digital age, you want to have the proper payment gateways to be able to accept credit card, debit card, and mobile payments as well. So how can your auto repair company obtain payment processing when deemed as high-risk by many traditional financial institutions? By working with a high-risk payment processor!
USA Payments is an Experienced High-Risk Payment Processing Company!
A high-risk payment processing company knows the ins and outs of working with high-risk merchants. USA Payments is one of them. Our team of knowledgeable experts has worked with different merchants in a multitude of industries. We believe small and large businesses alike deserve the security of payment processing solutions that help their business thrive–not deter it.
With USA Payments, auto repair and mechanic shop merchants can safely collect, validate, and transmit customer payment information between your business, customers, and their financial institutions. We offer our clients the right payment processing answers they need to fit their individual needs.
Custom Payment Solutions for Mechanic Merchants
Auto repair shops face a multitude of hurdles when it comes to day-to-day operations. Your payment processing shouldn’t be one of them. Our team of auto repair payment specialists will help you through the process of setting up a merchant account and finetuning your business with the right payment solutions. Our application process is straight to the point, and all we ask is that auto repair and mechanic merchants working with us keep their chargeback rate under 3%!
What Payment Processing Solutions Can Auto Repair Shop Owners Get With USA Payments?
Are you an auto repair business owner that is looking for seamless payment processing options? Connect with the experts at USA Payments! We offer a variety of payment processing solutions that can help merchants in the automotive repair industry continue to expand and push their business to new heights. Some of the payment solutions we provide auto repair company owners include:
- Being able to accept multiple payment types: including credit card, debit card, and cash (we also offer a cash discount program to merchants)
- Point of sale solutions
- Virtual terminal solutions
- Mobile transaction process equipment
- E-commerce solutions
USA Payments Helps Auto Repair Businesses and Mechanic Shops Gain Financial Freedom
At USA Payments, we believe all businesses have the right to financial freedom and business expansion. This is why we provide a multitude of payment solutions in order for high-risk businesses such as auto repair shops to continue to navigate through customer transactions with ease. Why are payment processing solutions so necessary? Some of the benefits merchants who work with us see in their business include:
Better Customer Experience
With payment processing solutions, secure customer information is transferred safely with each transaction. This helps build client trust, which can help businesses retain customers and also may help combat any instances of fraud.
Profit and Revenue May Grow
Some high-risk businesses may often suffer through a big loss of money when working with banks and other traditional payment processors. They may be charged high fees to keep their high-risk merchant accounts, and in some instances, their accounts may be locked or deleted by payment processors due to their industries. USA Payments offer wholesale pricing to our merchants, and we are completely transparent about the account process.
Ability to Accept Diverse Payments
In today’s digital age, not many people are carrying cash. Many businesses don’t have the proper software to keep up with clientele who want to use debit cards, credit cards, or even mobile payments. Fortunately, USA Payments provides business owners with the payment processing tools they need to be able to accept multiple forms of payment. This is a win for both customers and businesses!
Contact USA Payments Today!
Auto repair and mechanic shops are part of a bustling industry that caters to a variety of customers and also handles a large amount of costly transactions. As an auto repair shop, your payment processing abilities should reflect this. Unfortunately, being part of a high-risk industry can put a stop to many automotive repair businesses that are trying to cater to customers and also increase their profit. However, there’s a solution!
Working with a high-risk payment processor can enable your business to reach new heights and continue with smooth payment transactions. USA Payments is the high-risk payment processing that many auto repair companies turn to for unmatched payment processing solutions. Our years of experience working with high-risk merchants makes us unafraid to take the risk of working with high-risk businesses. Contact us now to get started on your merchant application!