Go Beyond eCommerce Merchant Account Solutions Through T1 Payments


December 1, 2020

Are you thinking about launching an online store for your credit card-using customers who hate to wait? These days, more customers around the world take advantage of the power of online credit card processing, avoiding lengthy lines by going straight to checkout on business owners’ websites. 

But setting up an online store is only half the battle. To actually receive the funds that buyers spend, you need a state-of-the-art ecommerce merchant account solution. T1 Payments is one such solution, providing you with the high-quality merchant services your online business can leverage to create and generate an ongoing revenue stream.  

What is an ecommerce merchant services account?

It isn’t enough to merely accept credit and debit cards as a form of payment from online buyers. You also need a payment processor and a place for funds to go before reaching their final destination: your bank account. An ecommerce merchant services account through T1 Payments gets this done.   

If there is one thing that buyers have come to expect in an age of convenience, it’s options. We think that you deserve the same level of choice in terms of payment processing vendors and what they can do on your behalf. As such, we’re not your typical merchant services provider. In addition to the fact that we specialize in serving high risk industries like yours (i.e. adult entertainment, nutraceuticals, e-cigarettes, CBD, fantasy sports, travel, internet gambling, tobacco products, hospitality, etc.), T1 Payments is an end-to-end processing solution. 

What does that mean exactly? It means that we own virtually the entirety of the payment life cycle. With a highly trained and dedicated support team at the wheel, T1 Payments is equipped to steer your electronic transactions through its various stages, from routing the credit card details to the acquiring bank, to validation and authentication, to processing, and all the stops in between. This not only accelerates speed, but it improves the overall quality of payment services through enhanced accuracy. Since the vast majority of the electronic transaction journey is all handled under the same roof, there is less room for error. T1 Payments offers flat fee pricing rather than charging a certain percentage for each transaction you get at your online store. No business owner thinks that they should be penalized for their success. At T1 Payments, we feel the same way, which is why we prefer a more predictable pricing model

How do I go about getting an ecommerce merchant account for my online business?

So you know T1 Payments goes above and beyond merely processing credit and debit card purchases by giving you an account to hold those funds (something not all payment gateways do, high risk merchant specific or otherwise). We also help you get an ecommerce merchant account set up.

 Unlike other payment processors, whose underwriting processes are extraordinarily complex and confusing — to the point of daunting — T1 Payments’ process is very straightforward and smooth. Upon asking you a few basic questions about your business, how long you’ve been in operation and your typical monthly processing volume, a dedicated manager will contact you regarding your application. No credit check is necessary for this, by the way. 

Our in-house underwriting and integrations team will have you up and running in practically no time at all. We support over 175 shopping cart providers, which spans literally from A to Z. Whether it’s AbanteCart or Zuora (yes, Shopify and WordPress, too), T1 Payments can seamlessly connect your website with your preferred e-commerce platform, doing in minutes what others may take several days to complete. Generally speaking, most merchant accounts can be onboarded in as little as 48 hours. Again, our full-service in-house team will be more than happy to get you up to speed. 

Feel free to browse our list, which we’re adding to on a regular basis. If you don’t see yours, please don’t hesitate to ask us. The list is by no means exhaustive.   

How much does an ecommerce merchant account cost?

As nice as it is to have an ecommerce merchant account, it all comes down to the almighty dollar: How much does it actually cost to actually obtain one? It’s a straightforward question without a simple answer. That’s because most high risk merchant vendors charge a host of fees, many of which you may have never even heard of may seem completely unnecessary From application to set up, per-transaction to cross-border, the assortment of fees can really add up over time. 

At T1 Payments, our mission is to give high risk merchants such as yourself much more than you bargained for — literally. Thus, instead of hitting you with one fee after another, ours are flat and recurring. Through a pre-set monthly fee, which we’ll fill you in on during the onboarding process, you can keep more of each transaction that you receive. Every extra cent helps you grow your business.

What is included with my ecommerce merchant account?

Much like the fees you’re charged, every processing solution is different when it comes to what you can expect from a merchant account. T1 Payments is in the business of not just meeting expectations, but far surpassing them. We provide a comprehensive suite of payment processing and payment gateway services. They include:

  • Responsive and active account monitoring
  • Risk management and chargeback prevention
  • Virtual terminaleCommerce Merchant Account Solutions
  • Data protection and encryption
  • Real-time online reporting 
  • PCI compliance
  • Solid customer support
  • Credit card payment processing
  • High volume processing capacity
  • Dedicated customer support manager
  • Chargeback mitigation tools

We may be based in the United States and United Kingdom, but T1 Payments has a global presence. This means we not only provide more services than you might expect for a payment solutions company, but we can help you take your business global by virtue of accepting more than 160 different currencies and settling in more than two dozen currencies. Our state-of-the-art ecommerce shopping cart solutions allows us to process payments in the preferred currency of your new and existing customers from the many different corners of the globe that they’re logging on. 

Finally, a word on our virtual terminal. While online payments are undoubtedly the way more customers are buying products and services, some still prefer to shop by mail order or over the phone. Choosing T1 Payments enables you to key in payment details from customers who wish to buy by calling or snail mail. 

You can also create unique fields that allow you to add information to receipts, set up different users for seamless account management and produce reports according to when sales occurred or method of transaction.

Bottom line, T1 Payments is committed to customizing the payment process so it’s everything you want it to be and then some. Through innovative technology, industry expertise and unrivaled commitment to credit card processing solutions, T1 Payments is so much more than a merchant account provider. We can prove it to you by choosing us. You truly have nothing to lose and everything to gain. Please contact T1 Payments today to learn more about how we can help you optimize your online store.