Real Estate Business

Partner up with a real estate merchant account provider that can wheel 'n deal, even in the most volatile, high-risk industries like the real estate housing market. Payment Cloud features:

  • Specialized, 24/7 Support

  • Streamlined Integrations

  • Quick, Easy Set-Up

  • Security & Fraud Protection

  • Competitive, Affordable Pricing

  • Customized Services Plans

What Is a Real Estate Merchant Account?

To accept customer payments for your business requires both a merchant account as well as access to a payment gateway. In real estate, a merchant account is a special business bank account that charges fees to accept different kinds of customer payments. This applies to realtors, title companies, investment companies, property management services, agents, and brokers.

In the past, all large transactions in real estate were conducted via bank transfer, check, or cash. Today, however, all manner of payment options—online, over the phone, and in-person—are now the norm. This can include mobile apps, NFC contactless payments, online shopping carts, and virtual terminals.

LG Payments can supply all these payment options and more—or, we'll build you a custom plan. Open a merchant account today, and start processing customer payments as soon as tomorrow!

Types of Real Estate Businesses We Support

  • Title companies

  • Appraisers

  • Realtors & Agents

  • Brokers & Managers

  • Commercial Property Rental Companies

  • Condo Sales/Rentals

  • Co-working Space

  • Residential Property Rentals

  • Rental & Management Services

  • Apartment/Housing Rental Companies

  • HOA Association Fees/Dues

  • Why Is the Real Estate Industry Considered High Risk?

  • Property Management & Real Estate Merchant Account Types

  • What Is Required for a Real Estate Merchant Account?

  • Benefits of Credit Card Processing for Realtors

  • Why Choose LG Payments?

  • Real Estate Business Software Integrations

Why Is the Real Estate Industry Considered High Risk?

Real estate businesses are considered high-risk by financial institutions, payment processors, and regulatory bodies due to all of the potential legal disputes that can arise during business. Unfortunately, it's also an industry that attracts fraud and identity theft.

Other rampant liabilities in real estate include licensing and tax issues, audits, and penalties. For those reasons, securing a merchant account in the real estate and property management industry can be difficult. Your account could get shut down, even after you've paid for and endured the entire application process, or even after being in operation for months. Additionally, providers will tack on higher-than-average processing fees to compensate for their added risk, trapping you into costs that cut into your bottom line.

This treatment from the financial sector is pervasive and can even bleed into other services, such as loans and insurance coverage. That’s why it’s important to work alongside a qualified merchant service provider with the right guidance to keep you in the clear!

Property Management & Real Estate Merchant Account Types

LG Payments will help your real estate business take in customer payments over the web, on the phone, or in person.

Online

For real estate eCommerce merchants, LG Payments's payment gateway solutions make accepting card-not-present payments easier than ever. We equip you with everything you need to start inputting customer details and accepting payments online safely from a virtual terminal, phone, or email with a simple-to-use interface that's easy to learn.

In Person

We have a full suite of real estate POS devices to easily accept payments for all kinds of customer transactions, including brick-and-mortar storefronts, pop-ups, and field offices. Our easy-to-use stationary and mobile card readers can adapt to any market.

Over the Phone

Offer your customers what they want: the convenience to call in payments, order through email, or a virtual terminal you set up for card-no-present transactions. You can input customer payment details manually through our fast and easy virtual terminal through a MOTO merchant account.

What Is Required for a Real Estate Merchant Account?

Suppose you have a decent credit record, a good financial base, and the necessary documentation. In that case, you should have no trouble opening a merchant account for your real estate company. The required documentation includes:

Proof of Identity: government-issued photo ID, etc.

Three-to-six months of bank processing statements

A signed merchant application

Corporate documents

A voided check or bank letter

Address verification; such as utility bill

Sales tax certificates

Other potential financial documents

A list of suppliers

Along with the above documents you should also be ready with a real estate business website that is secured with an SSL certificate, uses HTTPS, and includes the following:

  • Displays your company's legal name and logo

  • Contact details (phone number or email)

  • Privacy Policy page

  • Terms & Conditions Page

  • Footer with the company name

  • Return and refund policy page.

Real estate covers a lot of different kinds of business across an entire industry of services. Get in touch today to see how LG Payments can build a solution that fits your specific business offerings, as well as the payment needs of your customers.

Benefits of Credit Card Processing for Realtors

Increased Sales:

Credit card processing enables online transactions, encourages higher spending, fosters impulse buying, and expands your customer base.

Convenience:

A real estate merchant account allows remote customers to instantly transfer funds to your business account.

Security:

With fraud detection and encryption tools, you can ensure your transactions are protected.

Why Choose LG Payments?

The systems and software LG Payments provides can speed up your entire sales process so you can take in commissions, track sales, and complete your to-do list more efficiently.

  • An all-in-one payment solution for different kinds of real estate businesses

  • Integrations to connect you to hundreds of apps in your workflow

  • Industry specialists in real estate property management, rentals, commissions, etc.

  • Thousands of positive reviews and happy customers

Real Estate Business Software Integrations

In real estate, there are countless applications to help you run your business better and LG Payments can help you work with them all. Our integrations link seamlessly with the tools and systems you already use. Look for an array of industry-leading payment gateways, the most popular eCommerce platforms, website platform integrations, and guaranteed compatibility with your accounting software. If you don't see your preferred integration, just ask!

Ready to Get Started?

Get a merchant account and start processing card payments instantly!