Custom Clothing & Goods

With people trying to make ends meet in a weak economy, the market for modified clothes is skyrocketing even faster than the market for pricey, big name brands is declining. But issues that can get in the way of companies selling custom clothing and goods online include being unable to establish a merchant account, being saddled with a merchant account with high fees and limited services, and lacking good alternatives to credit card payments.

Performance Card Service (PCS) specializes in payment processing services for high risk businesses, including modified clothes companies. With more than 20 years of experience working in the high risk industry, we have the experience, creativity and financial institution relationships necessary to help you keep your business moving forward.

Financial institutions categorize modified clothing retailers as high risk for several reasons. Companies in this business usually have a much higher rate of chargebacks, due to customers being dissatisfied with the product. In addition, these businesses experience a higher than average rate of credit card fraud. Combine all this with the overall nature of the custom clothing business and securing a merchant account for credit card processing is tremendously difficult.

PCS has found that an excellent option for U.S.- and Canada-based modified clothing companies is to establish an offshore merchant account. The application process is reasonably simple and straightforward, and once your offshore account has been properly set up, you’ll be able to accept credit card payments with few restrictions. However, an offshore account does have some downsides, including a higher rate of declined transactions and slower than usual transaction settlement. PCS has developed close relationships with several established and reputable offshore financial institutions and will help you every step of the way.

Another popular payment alternative in the modified clothing industry is eCheck. Electronic checks are familiar to most customers and have a lower incidence of fraud than credit card transactions. In addition, settlement time for eCheck purchases is likely to be substantially faster than credit card payment through an offshore merchant account.