Wholesale credit card processing

Process wholesale transactions without limits while reducing chargebacks, increasing approval rates, and increasing your overall revenue.

Wholesale businesses often have difficulties due to the spikes that occur from large wholesale transactions.

This can lead to account closure or held funds.

Thankfully, Easy Pay Direct has a solution through specialized Underwriting and personal relationships with over 30 back-end banks that work with your vertical. 

Merchant Accounts

Get A Merchant Account

RAVING FANS

mobile payments

You need a TRULY reliable Wholesale merchant account…

Last year, PayFacs, including Stripe, closed down millions of merchant accounts.

Why?
Because it’s how their business model works…

They do not offer underwriting, which means they know nothing about your business when they set you up.

Why is this important?
Stripe and others restrict and prohibit MANY types of businesses, some of which you would not expect.

For example, anyone processing over $50,000 per month is considered a higher risk.

Or a business that offers subscriptions makes bold claims, or any other one of Stripe, PayPal, Squares, etc.… arbitrary and non-descript rules.

Since these PayFacs don’t do underwriting, they don’t learn about these things until AFTER you are set up.

So you might be able to process for a day, a week, or a month, but eventually, they will take a look at your account.

And there is a high probability that they will impose restrictions, hold funds, or close the account.

Even worse, if one of your competitors does anything to trigger a flag in their system, they look at the entire industry.

And through no fault of your own, a competitor’s misstep could mean a closed account for you.

So, how does Easy Pay Direct differ, and how do we keep our clients’ wholesale merchant accounts stable?

The KEY component is thorough underwriting.

Our specialists underwrite your account so that we understand your business and marketing model.

This allows us to match you with a back-end bank that works with your vertical.

Which GREATLY lowers the chance of you ever having an issue.

Plus, you’ll get:
• The Best Rates In The Industry
• A Single Dedicated Point Of Contact
• Recurring Billing
• And more (see below)

We’ll also work with you to optimize your payments for the lifetime of your account.

Lowering your decline rates so that you can increase revenue, monitoring your chargeback ratios, and helping to mitigate them, plus much more.

clients

EPD understands the challenges of businesses like ours, it’s 100% worth working with them. They will tell you how to save and make more money plus prevent shutdowns so everything runs smoothly.

Hal Elrod

Hal Elrod

Before Easy Pay Direct we had a $750k launch and $156k of that money was held. EPD has been super helpful in a bunch of different areas that none of our other processors provided. Highly recommend them.

Roland Frasier

Roland Frasier

I am a very happy client of Easy Pay Direct, working with them was very professional. Everybody was in touch with my team every step of the way and I am very happy to recommend them to everyone.

Frank Kern

Frank Kern

What Other Features Does Easy Pay Direct Offer?

Transaction Routing learn more

We’ll automatically route your transactions across multiple accounts. That way if anything ever happens to one, your others are still up and running.

Decline Recovery learn more

We’ll help you improve your approval ratios and reduce decline rates. That way, you put more cash back in your pocket and process more payments.

Hosted Checkout learn more

Quickly create checkout links and landing pages with a few clicks. Email them, DM them, or text them to your clients for payments on the fly.

Mobile Payments learn more

Process payments on the go with our easy-to-use mobile payment solution.

Nearly Every Vertical learn more

We offer merchant accounts for almost every vertical, including high-risk merchants and much more. Get approved today.

White Glove Service learn more

You’ll have a dedicated point of contact that you can reach any time you need them.

Chargeback Mitigation learn more

Stop chargebacks before they begin with our chargeback alert system. Greatly lower account issues and improve customer satisfaction.

Recurring Billing learn more

Built-in recurring billing for subscription purchases with multiple payment options available.

250+ Integrations learn more

Integration to nearly every shopping cart, plus we integrate to most apps and software. If you need something specific, our in-house development team will make it happen.

Unlimited High Ticket learn more

Worry-free processing of high ticket transactions and high volume.

WHOLESALE CREDIT CARD PROCESSING INFORMATION

If someone says they can get it for you wholesale, that generally means you’ll pay the price retailers get when buying merchandise in bulk for their stores. Wholesale credit card processing refers to the wholesale rate for credit card processing.

The wholesale credit card processing rate is fixed by the credit card networks and the issuing banks. This rate consists of the interchange fee, controlled by the networks and banks.

Unlike fees charged by the payment gateway or credit card processor, the wholesale rate is non-negotiable.

Interchange fees make up the largest portion of credit card payment processing. Such fees vary depending on the credit card network, with American Express charging higher interchange fees than Visa or MasterCard.

The card type plays a role. Standard credit cards have lower wholesale credit card processing fees than rewards cards or business cards.

How the transaction was conducted factors into the interchange fee. A swiped credit card is the  least expensive transaction, while card-not-present transactions – such as online purchases – cost more.

Then there’s the Merchant Category Code.

The MCC classifies businesses by the types of goods sold or services provided. Those businesses considered high risk – which range from gaming to CBD sales to bankruptcy lawyers and a host of others – will pay more for credit card processing services.

While the nature of those businesses considered high risk varies, what they have in common is a greater risk of fraud and chargebacks.

On average, the interchange fee for a credit card transaction is 1.81%, although it can run as high as 3.5% for premium cards.

The interchange fee for debit card transactions is much lower, at about 0.5%. Credit card networks usually update interchange fees semi-annually, in April and November.

EASY PAY DIRECT STATS

30000+

BUSINESS

$12B+

PROCESSSED

20+

YEARS OF EXPERIENCE

Wholesale Credit Card Processing FAQ

What is wholesale credit card processing?
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Wholesale credit card processing refers to the ability for wholesale businesses to accept credit card payments from their customers for the purchase of goods in bulk.

Why would a wholesale business need a specific credit card processor?
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Wholesale businesses may have a high volume of transactions, or they may need to accept payments from customers who are not able to pay with cash or check. Specialized wholesale credit card processors can provide services to meet the specific needs of these businesses.

Are there any restrictions on what types of goods can be sold using a wholesale credit card processor?
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There may be some restrictions on what types of goods can be sold using a wholesale credit card processor. These restrictions may vary depending on the merchant services provider and the laws and regulations of the jurisdiction in which the business operates. It’s important to check with the merchant account provider on their specific policies and restrictions.

Are there any additional fees associated with wholesale credit card processing?
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There may be additional fees associated with wholesale credit card processing, such as higher processing fees or a higher monthly account fee. These fees may vary depending on the merchant services provider and the volume of transactions. It’s important to carefully review the terms and fees of any merchant account before signing up to ensure that you fully understand the costs involved.

Can a wholesale business use a regular merchant account for credit card processing?
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Yes, a wholesale business can use a regular merchant account for credit card processing. However, many traditional merchant account providers may not have the capability to handle high volume transactions or may have a higher risk tolerance. A specialized provider might be a better fit for wholesale businesses.

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