The pandemic was a boon for the telecommunications and VoIP industry. COVID lockdowns and remote working increased the demand for telecommunication services. Businesses and consumers have grown to love the efficiency and affordability of modern telecom technologies. From $30 billion in 2020, the VoIP market is expected to grow to $95 billion in 2027.
Due to its huge potential, it’s easy to assume that financial institutions would embrace this industry with open arms. On the contrary, banks and payment processors shun this market and refuse to offer telecommunications and VoIP payment processing services because they regard these merchants as high-risk businesses.
Specializing in high-risk payments, SeamlessChex offers telecommunications and VoIP merchant accounts and payment processing solutions to help you take advantage of this growing industry. Browse our range of high-risk payment products to find the best solution for your business needs:
With more than 15 years of experience serving high-risk industries, SeamlessChex is an expert in providing telecommunications and VoIP payment processing solutions. Leveraging our close relationship with more than 25 acquiring banks, we can approve your business for a telecommunications and VoIP merchant account and give you access to the online payment system in record time.
Establishing a merchant account is only the beginning. Maintaining a merchant account in a high-risk industry will be a constant struggle. SeamlessChex provides the most advanced fraud-fighting and chargeback reduction technologies to reduce the risk of merchant account termination and help you run a profitable business.
SeamlessChex telecommunications and VoIP payment processing services:
Telecom/VoIP businesses facilitate global communications at a lower cost. The industry provides important services in a globalized economy, so why are they labeled “high-risk” and rejected by banks? While experiencing record growth, the industry has many problems that make banks reluctant to provide telecommunications and VoIP payment processing services.
Some of the problems in this industry include:
Are you having difficulty finding a telecom merchant account provider? Do you want to replace your current processor because they have unfavorable terms and rates? If you need low-cost telecommunications and VoIP payment processing services with a quick onboarding process, SeamlessChex can help. Contact us now to speak with our payment experts and learn how you can set up a high-risk merchant account today.
Start accepting and sending customer payments today.