Automotive Merchant Accounts

Both automobile ownership and average lifespan have increased in recent years, fueling this industry and its aftermarket. Keep your transaction rates low and profits high with a customized merchant account.

The automotive industry encompasses a variety of businesses including car dealerships, auto repair shops, towing services, parts manufacturers, parts retailers and related merchants. With their high ticket averages, automotive merchants usually face long holds on funds from merchant service providers and can be targets for stolen credit card carriers and other fraud attempts.

We provide specialized automotive merchant accounts to offset these inconveniences. We can help you integrate a payment solution that is versatile, profit-supporting and secure given the specific complexities of the industry.

With an automotive merchant account from BankCard USA, you don’t have to settle exorbitant processing costs, outdated equipment and hidden fees so commonly exploited by other account providers. Our low rate guarantee means that we will beat the rate of any verified provider, while providing a comprehensive set of end-to-end financial services:

• Ability to accept credit, debit, electronic check, mobile payments, gift cards and fleet cards
• B2B enhanced data processing
• Online, MOTO and in-shop processing equipment and software
• Wireless and mobile processing options to accept payments throughout the showroom, lot or at customers’ homes for delivery or repair services
• Automated recurring billing that complements customer financing plans
• Fraud and chargeback prevention tools
• High-ticket transaction rate caps to save you money in processing fees on big sales
• Extended warranty features to accompany specific sales
• Integration support to ensure your payment system completely syncs with your other applications, ranging from accounting software and shopping carts to loyalty programs and CRM solutions
• Next-day funding
• Instant Account Verification (IAV) services to ensure customer accounts are real before accepting checks and echecks
• PCI compliance support

Industry Trends

As the lifespan of vehicles has consistently increased, so has the demand for repair and maintenance services, spurring the economic growth of the automotive aftermarket. Advanced driver assistance programs and other technology-based equipment, coupled with a dramatic rise in online sales of parts and accessories, also contribute to the industry’s growth. And with a record high amount of cars on the road today, the U.S. is home to one of the world’s largest automobile markets.

Booming industries are highly competitive. Our priority when partnering with automotive businesses, therefore, is their long-term viability and success. In addition to our innovative products and services, we offer competitive transaction rates, an experienced in-house customer service team and transparency to not only earn, but keep, your business.

If your business involves parking lot management, check out our self-service kiosk merchant accounts. We also offer specialized extended warranty merchant accounts.