Even with online retail being one of the best ways to sell apparel and clothing, some financial institutions are reluctant to support this kind of business model. So when the banks turn you down for being labeled as “high risk”, reach out to an online clothing payment processor that will be able to successfully back your online business.
The idea of starting an clothing operation online just makes more sense for you as a retailer in this technological age. You are able to experience much lower overhead costs, while gaining far better access to more customers, and you also are able to source your merchandise on the web from the best wholesale suppliers that are available .
Sadly, many financial institutions will choose to support brick and mortar stores before their online counterparts. That’s because of a higher risk of chargebacks and fraud. It’s all a part of doing business online, but this will impede your ability to secure a merchant account for your apparel store in some instances.