SaaS Payment Processing

Managing a SaaS subscription billing company is considered high risk by standard payment processors due to the significant volume of transactions processed simultaneously.

With a SaaS payment gateway, gain peace of mind knowing you can run your subscription-based business smoothly. A payment gateway and merchant account provider specializing in SaaS businesses understand the industry’s risks. As your business grows and accumulates more paid subscribers, the risk of chargebacks and fraudulent claims increases.

In cases of chargebacks, standard payment processors are unlikely to rule in favor of the merchant or business owner, which is unfavorable for those in high-risk industries. Choosing a payment processor that welcomes SaaS businesses helps you avoid mishaps such as account warnings, flags, and terminations.

Using a SaaS credit card processing service is essential when providing users with rented software or a subscription service. With a SaaS payment processing solution, continue generating sales and acquiring new customers without fear of losing your account or ability to conduct business. Some benefits of using a SaaS billing solutions service for your merchant account include:

Increased Security: Process and accept payments securely using a reputable high-risk payment processor. Protect the information and data you receive and transmit on your website with a trusted payment processor.
No Account Terminations: Avoid account termination with a high-risk SaaS merchant account provider. The merchant account provider is already aware of the risks of providing merchant accounts to SaaS business owners.
More Freedom and Flexibility: Enjoy additional freedom and flexibility with your SaaS business with a high-risk merchant account.

Once you decide to seek out a payment processor that welcomes SaaS, gather and prepare the necessary information. When submitting your application for a high-risk merchant account for your SaaS business, you will need to provide the following:

Basic Details: Your full legal name, address, telephone number, and the address of your physical business (if applicable). You may also need to provide your SSN (Social Security Number) or company’s Employer Identification Number (EIN) or Tax ID.

Financial Information: Sensitive financial details such as your bank name, account and routing numbers, and statements may be requested. You may need to provide at least 3 months of personal and business bank statements for approval.

Established Business: Depending on the market and industry, proof of your company’s online presence may be required. Providing proof of an official website and social media presence online can facilitate the approval process for your merchant account. Once your preferred payment processor reviews the submitted information, you will receive an approval or denial notice.

Using SaaS billing solutions and merchant account providers allows you to scale your SaaS business without hindrance. With the right SaaS payment gateway, broaden your business horizons, expand your clientele, and promote your software or subscription packages confidently.

Mega Payments is fully equipped for subscription businesses like those in the SaaS industry. With recurring billing options, CRM integrations, and fraud prevention best practices, we ensure you accept card payments securely and seamlessly.

Each of our dedicated account managers understands your business needs and works with the bank to get you the best rates. Get to know us, and we’ll have your company up and running with SaaS credit card processing solutions that protect and scale your business for years to come.