Does your Water Filtration System Need a High Risk Merchant Account?

The good thing about a water filtration system business is that compared to other high risk merchant accounts, the discount rates are quite lower. The tricky part is selling them online. Merchants who intend to sell or lease water filtration equipment must inevitably have a website set up as well as a merchant account in order to process credit cards online. The cost of set up and merchant account must be industry standard. For example, the average discount rate may be 3% to 6%, but may be lower because of the less risky nature of this business.

China: Slowly killing its people?

What's the price of progress? Ask the Chinese. Whether they are aware or not, China's rapidly growing economy has resulted in a depressingly polluted country that will soon cause hundreds of millions of premature deaths from contaminated air and water in a few years. This is according to a 18-month study done by the Organisation for Economic Co-operation and Development. Although China has structured plans to curtail the catastrophic effects of their economic growth, we have yet to see the good results. In the study, it has been declared that not only has pollution in China affected human health, but the ecosystem as well. Especially the aquatic system. China has given its share of toxins in the sea as well as greenhouse gases mostly emitted from highly industrialized countries.

This report, among others, has been one of the main reasons why elsewhere in the world more and more people are adopting water filtration systems in their homes. As a still growing industry, water filtration is considered as a high risk business. Unlike other modern household equipment, water filtration systems haven't caught up with the reputation of being stable business. Not only because they are expensive, but because if not handled by professionals, water filtration systems are complicated to set up.

Is the water filtration business as risky as it seems?

Water filtration products may be used for home and commercial purposes. Purification systems are mostly used in bottled water stores while filtration appliances may be installed in homes. Some filtration systems may be used to remove iron, sulfur, manganese, chlorine, and other minerals and chemicals from your tap water. Most commercial filtration systems make use of water softener and reverse osmosis processes. Pre- and post-treatment of chlorine and filters are also used.

The good thing about a water filtration system business is that compared to other high risk merchant accounts, the discount rates are quite lower. The tricky part is selling them online. Merchants who intend to sell or lease water filtration equipment must inevitably have a website set up as well as a merchant account in order to process credit cards online. The cost of set up and merchant account must be industry standard. For example, the average discount rate may be 3% to 6%, but may definitely be lower because of the less risky nature of this business.

How can a high risk merchant account provider help?

A good high risk merchant account provider may be able to set up your website, shopping cart, payment gateway, and all other e-commerce elements in more or less two weeks. As soon as you are able to start accepting payment, your customers' orders will be transacted via the merchant account provider which deposits your sales profit in your account. The MAP will perform the necessary credit card validation and processe the payments. You will receive statement account reporting daily, weekly, or monthly depending on your MAP's protocol.

Water filtration system merchants may have the option to stock up on product inventory if they have a brick and click store. As soon as customers agree to buy or lease the product, they may want to visit your "brick" store and have the equipment tested. Before enrolling in a high risk merchant account provider's services, make sure they provide fast and efficient customer service for obvious reasons: If the technicalities of the business stump you, you have someone to come to your rescue.

Now, isn't it about time the Chinese try to get in the business of water filtration?