"High Risk Accounts"
All of the businesses listed above can be
classified as a High Risk business. When you choose the
category your business is, we will
help show you why your business is a high risk business
and some amazing options for your credit card processing needs.
We will provide you with an insight of the basic understanding
of what is involved in high risk credit card processing, the low
costs you can expect to incur, what you will need for
setup and how to select the merchant accounts provider for
your particular business. Here are some tips below to get you
started and to know what category to research a little
further.
HIGH VOLUME MERCHANTS -
High
Volume Merchants - can have a hard time finding a
merchant account just because they will process hundreds of thousands of dollars or more a month in credit card sales. The reason for this is because the banks do not want to take the risk with that kind of volume for credit card processing and may lead to a lot of chargebacks. You may think that there is not a risk to your business such as clothing store, liquor store, bar and grill, night club, convenience store, furniture store, entertainment and etc. Click on the high volume graphic above and we will help with the basic understanding of why it is difficult to receive a merchant account for a high volume merchant and what solutions you have for this problem.
HIGH RISK MERCHANTS -
High
Risk Businesses - have had a hard time in the past
finding a US bank or Independent Service Provider that offers
a high risk, merchant credit card processing account.
Usually, a high risk merchant has to find a bank outside the
US to accept their type of business. A merchant can fall into
a high risk category because of monthly dollar volume, the
type of products that are sold, selling on the internet,
business is located outside the US, the owner of the business
has a tax lien or bankruptcy or the business and/or owner of
the business has been placed on the Terminated Merchant File
list at Visa and Mastercard. Click on the high risk graphic above and we will help with the basic understanding of why it
is difficult to receive a merchant account for a high volume
merchant and what solutions you have for this
problem.
INTERNATIONAL MERCHANTS -
International Businesses - have had a hard time
in the past finding a US bank or Independent Service Provider
that offers a high risk, merchant credit card processing
account. Usually, a high risk merchant has to find a bank
outside the US to accept their type of business. A merchant
can fall into a high risk category because of monthly dollar
volume, the type of products that are sold, selling on the
internet, business is located outside the US, the owner of the
business has a tax lien or bankruptcy or the business and/or
owner of the business has been placed on the Terminated
Merchant File list at Visa and Mastercard. Click on the International Merchant graphic above and we will help with the basic
understanding of why it is difficult to receive a merchant
account for a high volume merchant and what solutions you have
for this problem.
OFFSHORE MERCHANTS -
Offshore
Businesses - usually have to pay higher fees just
because of many reasons. A merchant can be
forced to process credit cards offshore from the
US because of monthly dollar volume, the type of products
that are sold, selling on the internet, business is located
outside the US, the owner of the business has a tax lien or
bankruptcy or the business and/or owner of the business has
been placed on the Terminated Merchant File list at Visa and
Mastercard. Click on the offshore graphic above and we will help
with the basic understanding of why it is difficult to receive
a merchant account for an offshore merchant and what fantastic
solutions you have for this problem.
VISA/MC TERMINATED MERCHANTS -
Merchants Terminated by Visa/Mastercard will not be able to process credit cards
in the US for at least 7 years in the US. A merchant will
be forced to process credit cards offshore in another country
and usually pay astronomical fees. Click on the TMF graphic above and we will help
with the basic understanding of why it is difficult to receive
a merchant account for an Visa/MC
terminated merchant and what fantastic solutions you have
for this
problem.
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