I run a home remodeling business we do 20-30k a month in material/labor amounts and have been using square for 5 weeks and I’ve been hit with a few reviews and small holds but not they say that 20% of incoming transactions will be put in a risk fund for 90 days? No.
Thinking of switching to US bank since square, stripe, clover etc can’t handle my “high risk”. Also heard terrible things about quickbooks and customer service is important to me.
Any recommendations for merchant services with low volume high amounts?
The comments thus far are abit off the mark, since you are asking about a merchant account for credit card processing, not a bank account or credit card to be used for your business.
Not many seem to write reviews about them, probaly because it is such a secondary product. But a few review sites talk about them - https://fitsmallbusiness.com/us-bank-merchant-services/
Your business could be considered higher risk, if you are accepting taking down payments for work that is not being done “soon”. Soon being a definition up to interpretation honestly and US Bank does not involve themselves with any kind of high risk merchants, they are really only for the person that needs a terminal to set on the counter at the office.
If you want mobile payments or a button on your website for them to pay, probably not a good option honestly. I also think you are better off if you want with a company that specializes in payments, because they do one thing and can do that one thing well.
IF you want to chat with someone that specializes in payment processing, send me a DM.