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Shaw Merchant Group
Payment Processing for Auto Repair, Diagnostic Shops, Car Dealerships, Paint Shops, Tire Shops and More..
Wednesday, April 12 2023

Payanywhere helps automotive businesses and car dealers seamlessly accept payments of all types. All while giving you access to the analytics you need to make smarter, data-driven decisions and increase your profits.

Turbocharged payment processing for automotive shops. 

Payanywhere is more than just a trusted provider of merchant services for the automotive industry. Payanywhere is a proven partner — one who is committed to helping you grow your automotive business. Get ready to securely and affordably accept all the ways to pay!

  • Credit cards — both traditional magstripe cards and EMV chip cards.
  • Debit cards.
  • Contactless payments like Apple Pay and Samsung Pay.
  • Online payments through our secure Virtual Terminal.
  • Mobile payments, and more. 

How Payanywhere can benefit your dealership or repair shop.

When it comes to providing merchant services for automotive businesses, we’ll help you securely accept credit card payments throughout your business and even, if necessary, across multiple locations. All from a single login! That said, we do so much more than simply provide you with a powerful payment terminal. Whether you’re looking for credit card processing for dealerships, you need credit card processing for auto shops, or you operate another type of auto business, we’ll help put you on the road to success. 

  • Fast, frictionless, and secure acceptance for all payment types.
  • The analytics tools you need to make data-driven decisions — both in our proprietary payments app and secure online merchant portal (Payments Hub).
  • Simplified customer, employee, and inventory management.
  • Access to a Virtual Terminal that allows you to process orders and accept payments over the phone right in your web browser.
  • An unrivaled commitment to payments security, including the safeguarding of sensitive cardholder data through simplified PCI compliance that protects you from liability.
  • The latest payment technology, highlighted by our full suite of Payanywhere Smart Solutions, including options for mobile payment acceptance.

Flexible payment solutions for automotive businesses.

Choose from two unique themes.

Use Terminal theme to mirror a traditional credit card terminal. For item libraries, stock tracking, and open tabs, use Retail theme.

Email, text, or print receipts.

Provide customers with digital or printed receipts while maintaining a customer directory.

Accept Offline Transactions.

Accept payments even when you have a weak/limited or no internet connection.

Pick the pricing that suits your auto business.

We’ll do more than just give you a great low rate. We can customize a pricing plan for your specific automotive business that allows you to make more money on every transaction.

Manage your customers, employees, and inventory.

Simplify your back-office tasks both in the Payanywhere app and Payments Hub, our secure, online merchant portal.

Manage your inventory.

  • Track/sync quantities across devices.
  • Check category performance by volume and quantity sold.
  • Set custom low-stock alerts, and more. 

Manage your employees.

  • Add and manage employees with unique roles and customizable levels of access.
  • Generate performance reports on individuals or groups of employees.
  • Additional employee management features are available through our partnership with Homebase.

Manage your customers.

  • See who spends the most.
  • Determine who your most frequent visitors are.
  • Identify first-time visitors.

You can even encourage customer feedback by asking your patrons to rate their experiences on your email and text receipts. 

The all-in-one payments platform powering automotive businesses.

We’re committed to helping all types of automotive businesses expand their payment options, streamline their operations, and increase their profits.

  • Auto repair shops.
  • Diagnostic shops.
  • Car dealerships.
  • Paint shops.
  • Tire shops.
  • Towing services, and more.

We even have our own, in-house payment processor. That means we can oversee the entire payments process while providing industry-best uptimes and one point of contact for you. Not to mention, industry-leading customer care and technical support.

Give your automotive business a competitive edge.

Take advantage of Flat Rate Pricing and Cash Discount with our innovative dual-price Edge Program! It allows you to secure one low rate on every transaction while also allowing you to add a Cash Discount for non-card users.

Applying for a Merchant Account for Small Businesses

If you are a merchant, then you will undoubtedly need a merchant account. Merchant accounts are accounts that your business holds with a payment processor or merchant services provider that give you access to the critical tools that your business needs to succeed and accept payments. Without a merchant account, your business will be unable to complete the most important part of any transaction--the receipt of the funds for the goods or services that were rendered. If you want to get a merchant account for your business, then the first thing you need to know is how to apply for a merchant account and what is involved in the process of the application. This insight will give you the knowledge and information that you need to be successful in the merchant account application process and provide you with a competitive edge when applying for your merchant account.

Information needed for applying for a merchant account

If you’re hoping to have success in the merchant account application process, then one of the first things that you will need to know is about the requirements for applying and gaining approval for a merchant account. There are several pieces of information and documentation that you will need if you’re going to have success in your application. Providing these pieces of documentation and information will greatly increase your chances of being successful, but that’s not all that matters. You will also need to display several traits and factors that prove yourself to be a reliable and trustworthy merchant.
 
Here are the pieces of information that you will need when applying for a merchant account:

  • At least 3 months of bank statements
  • At least 3 months of processing statements, if applicable
  • Valid identification
  • EIN or SSN for the account
  • A functioning website that has information about your business

Before you apply for a merchant account, you should be sure to have each of these pieces of information available and ready to send with your application. The absence of any of these pieces of information could prevent you from getting a merchant account or getting good rates if you are granted a merchant account. This could delay the process and make getting a merchant account take that much longer.

Getting approval for a merchant account: factors explained

When you are applying for a merchant account, one of the most important concepts that you should understand beforehand is that there are a variety of factors that go into your approval or rejection as a merchant for a merchant account. Being familiar with these factors can increase your chances of success when applying for a merchant account because it will enable you to optimize your application and make it much more attractive to the merchant services that you hope to work with. Here are some of the most important factors in getting approved for a merchant services account and why they are considered to be important.

Bank history

The bank history is one of the required pieces of information for your business if you hope to get a merchant services account. The merchant services provider that you apply with will ask for at least documentation of 3 months of bank history. The reason that merchant services providers ask for this information is pretty obvious--they want to ensure that your business is reputable and is in good standing with your bank. Without this verification, they might not be able to establish confidence that you are a trustworthy financial partner to work with. Merchant services companies want to verify that you are a legitimate business with a verifiably good relationship with your banking provider. By verifying this, they can guess that you will be a good partner to them, as well. Always provide the most comprehensive statement information that you can and be sure to not just provide the bare minimum, if possible. Applications will ask for at least 3 months, but if you are comfortable you should supply up to 6 months of statements.

Processing history

Another thing that will factor heavily into the decision that is made regarding your merchant services account status is the processing history documentation that you are able to provide. When you apply for a merchant processing account, the company that you apply with will very likely want to see at least 3 months of processing history. Again, the more information that you can provide, the better. Those that are able to provide up to 6 months of documentation will likely have more success. The reason that merchant services companies request this information is also clear--because they want to know that you will be a good partner to them in your merchant services and credit card processing relationship. Being involved with a company to provide credit card transactions is no small matter, and the companies that you work with want to protect themselves just as much as you do. When you provide this information, they will look into your past success, chargeback ratios, and any concerns that have arisen in your past relationships with processing companies.
 
It is possible that you are not able to provide this information, in the event that you are a new business. Still, you should answer as many questions as they have and provide them with answers to the questions that you are able to such as what your expected volume will be. Going the extra mile to provide this information could certainly be the difference between denial and acceptance for your merchant services account.

Credit score

When evaluating your application for a merchant services account, your merchant services partner will very likely want to see your credit score. This is a piece of information that you will likely not have to provide yourself, as many merchant services companies have a way to check this. Your business credit score will tell the underwriter, the person who approves and denies processing accounts, about your financial history and whether there are any red flags. If there are blips on your credit score, that doesn’t mean that you will not be eligible to get a merchant services account. However, it might mean that there are more hoops to jump through or that you don’t get as good of a processing rate that you were hoping for. The best way to handle a poor credit score as a business is to apply to a merchant services program that approves businesses that are in a similar situation and works with businesses to overcome challenges that they might have struggled with in the past.

Industry

Even though you might not have given much thought to it in the past, one of the most relevant factors in your approval or rejection for a merchant services account is the industry that your business is in. It is very important to consider the industry that your business is in because some businesses are at higher risk than others for chargebacks and fraud. If you are in a very normal and ordinary industry, then you probably don’t need to worry that much about the specifics. However, if you are in a high-risk industry that is known for chargebacks and fraud, then you likely want to start looking at ways to bolster your application and show that you can stand out above the rest as a merchant that will not cost the services provider money in the long run.

How long does it take to get approval for a merchant account?

One of the most common questions that is asked when applying for a merchant services account is how long the process takes. The answer is not so straightforward, as there are dozens of factors that go into the decision-making process of either approving or rejecting a merchant for a merchant account. If nothing goes wrong in the process and the underwriters don’t need any more information, then it’s possible that you receive an answer within 24-48 hours, when working with the right merchant account provider. However, this is not always the case. Oftentimes, your merchant account provider will require additional information including clarification on the business plan, more documentation, or just general questions about your business. You can help to reduce the amount of time that it takes to get approved by being upfront with all of the information that you will need for the application and having it on-hand for clarification if needed.

Be selective in who you choose for a provider

One thing that you should know if you want to get the most out of your merchant account is that merchant processing is a serious business. There is a lot of money at stake, and that is why merchant account providers are so selective in who they approve for a merchant services account. You should be equally as selective when choosing a provider. Make sure that you know what you are looking for in a merchant services provider because they are going to have a large impact on your business and what you are able to achieve with your merchant solutions.

    Shaw Merchant Group is a registered DBA of EPX, a registered ISO of BMO Harris Bank N.A., Chicago, IL, Fresno First Bank, Fresno, CA, and Citizens Bank N.A., Providence, RI.

    © Shaw Merchant Group, LLC.