Doing research and shopping around for a high risk merchant account provider can be frustrating. Extensive research is required to compare and contrast rates and make sure you are dealing with a legitimate merchant account provider and not with a scam merchant account provider. After a merchant has thoroughly researched his or her options and decided on a high risk merchant account provider, there is still the application process to complete.
In fact, the whole process of researching and applying for a merchant account may have some merchants wondering “Can’t I just use a payment intermediary service (such as PayPal) to handle credit card transactions?”
Technically, you probably could. However, being unable to process credit card transactions without a payment intermediary service will not give you the appearance of being a reputable merchant. In addition, payment intermediary services do not always offer the same degree of seller protection provided by an actual merchant account. PayPal, for example, has a list of exclusions under its seller protection terms that could potentially includes “intangible goods” which includes a variety of services that you may offer as a merchant.
To best protect yourself and your business, you are better off working with a merchant account provider that is willing to work with high risk or high volume merchants. While you may pay transaction and processing fees, you are also paying for a degree of customer service and seller protection that can’t be guaranteed by a payment intermediary service.
High Risk Credit Card Processor represents 20+ different processing sources (US/Domestic banks, Offshore banks, 3rd Party Processors, ACH/Check Processors, etc.). Whether you are looking for one merchant account or multiple merchant accounts, we are certain that we can accommodate all of your processing needs. Regardless of business type or volume, we'll get your account approved quickly and keep it running smoothly without any volume caps. Let our staff of processing industry veterans find the solution that's right for you.
Sunday, March 8, 2009
Saturday, February 21, 2009
The Number-One Way to Stay Off the TMF
High risk merchants sometimes end up on the Terminated Merchant File (TMF) through no direct fault of their own. Landing on the TMF can cause your high risk or high volume business to be red-flagged by banks, merchant account providers, credit card companies, and more.
The number-one preventative measure is to work with reputable credit card processors and merchant account providers. By working with a legitimate high risk credit card processor or merchant account provider and having a thorough understanding of the terms of your merchant account, you will avoid things like sneaky unpaid fees, missed payments, and bad relationships.
Research your merchant account provider before signing on – make sure their terms and fees are clearly outlined and they provide a wealth of information to you (such as an informative website, blogs, articles, and easily contactable customer service).
By working with a legitimate merchant account provider and clearly outlining and understanding the terms of your relationship, you greatly reduce your chances of that relationship ending badly, which in turn reduces your chance of landing on the TMF.
High Risk Credit Card Processor is glad to work with high risk merchants to identify and meet their credit card processing needs. Contact us at 702-898-5568 or at info@highriskcreditcardprocessor.com for more information on how we can work with you.
The number-one preventative measure is to work with reputable credit card processors and merchant account providers. By working with a legitimate high risk credit card processor or merchant account provider and having a thorough understanding of the terms of your merchant account, you will avoid things like sneaky unpaid fees, missed payments, and bad relationships.
Research your merchant account provider before signing on – make sure their terms and fees are clearly outlined and they provide a wealth of information to you (such as an informative website, blogs, articles, and easily contactable customer service).
By working with a legitimate merchant account provider and clearly outlining and understanding the terms of your relationship, you greatly reduce your chances of that relationship ending badly, which in turn reduces your chance of landing on the TMF.
High Risk Credit Card Processor is glad to work with high risk merchants to identify and meet their credit card processing needs. Contact us at 702-898-5568 or at info@highriskcreditcardprocessor.com for more information on how we can work with you.
Sunday, February 8, 2009
The Solution for High Risk Merchants? Offshore Merchant Accounts
The rise of internet technology has made it possible for merchant account providers to become very competitive with the type of businesses they are willing to offer accounts to. Because many of these merchant accounts have low fees and low commissions, most domestic providers will not accept the application of a high risk merchant. Fortunately, there is a very viable option for these merchants who may otherwise be turned down for the merchant account they need in order to successfully run their business—an offshore merchant account.
Generally, it is easier for a high risk merchant to qualify for an offshore merchant account, because these providers have more flexible guidelines for applicants than those in the United States; furthermore, many of these account providers are located in countries that are recognized for having more relaxed banking systems than those in the U.S. But, are these offshore accounts the same quality as a U.S. merchant account? Do they offer the same services to their high risk merchant clients? Yes!
With a bit of research, a high risk merchant will be able to find an offshore merchant account that offers secure transaction processing, in virtual real-time. Many of these providers also feature regular, accurate feedback statistics for their clients and the ability to accept transactions 24 hours a day, 7 days a week. The application process and setup are usually very fast, as well. Finally—and this is perhaps the most advantageous aspect of setting up an offshore merchant account—the tax rate is much lower than with domestic high risk merchant accounts. With all of these benefits, it is no wonder that many merchants are now turning to offshore banks and account providers for their services.
For additional information about both domestic and offshore merchant accounts for high risk merchants, contact the staff at High Risk Credit Card Processor. We are ready to connect you with high risk merchants from over 20 different processing companies, including U.S. Banks and Merchant Accounts, International Banks and Offshore Merchant Accounts, Third Party Payment and ACH Processors, Check and Debit Card Processors, as well as other types of high risk transaction processors. Regardless of whether you are looking for just one merchant account or need many different types, High Risk Credit Card Processor is ready to exceed your high risk business’ payment processing expectations.
Generally, it is easier for a high risk merchant to qualify for an offshore merchant account, because these providers have more flexible guidelines for applicants than those in the United States; furthermore, many of these account providers are located in countries that are recognized for having more relaxed banking systems than those in the U.S. But, are these offshore accounts the same quality as a U.S. merchant account? Do they offer the same services to their high risk merchant clients? Yes!
With a bit of research, a high risk merchant will be able to find an offshore merchant account that offers secure transaction processing, in virtual real-time. Many of these providers also feature regular, accurate feedback statistics for their clients and the ability to accept transactions 24 hours a day, 7 days a week. The application process and setup are usually very fast, as well. Finally—and this is perhaps the most advantageous aspect of setting up an offshore merchant account—the tax rate is much lower than with domestic high risk merchant accounts. With all of these benefits, it is no wonder that many merchants are now turning to offshore banks and account providers for their services.
For additional information about both domestic and offshore merchant accounts for high risk merchants, contact the staff at High Risk Credit Card Processor. We are ready to connect you with high risk merchants from over 20 different processing companies, including U.S. Banks and Merchant Accounts, International Banks and Offshore Merchant Accounts, Third Party Payment and ACH Processors, Check and Debit Card Processors, as well as other types of high risk transaction processors. Regardless of whether you are looking for just one merchant account or need many different types, High Risk Credit Card Processor is ready to exceed your high risk business’ payment processing expectations.
Saturday, January 31, 2009
Examining Internet Credit Card Processing
New high risk merchants may believe that online transaction processing is a very complex service that is too difficult to ever completely understand. This belief is completely unfounded, because payment processing is actually simple to understand if it is broken down into its individual concepts.
• Transaction Processing is Fast. Today’s technology makes it possible for high risk merchants to process their credit card transactions in the same amount of time it takes to send an email. The days of waiting several minutes for a transaction approval or denial are over, since the speed of Internet communication makes approval or denial happen in virtual real-time.
• Process is Customer-Friendly. Most merchants have a shopping cart as part of their website, and this cart makes credit card processing a breeze. As long as your customers’ completely finish the checkout process, including entering the necessary information and pressing the order confirmation button, the payment should be able to go through without a hitch.
• Payments are Processed by Gateways. All information with the credit card processing transactions are handled by a payment processing gateway, which will then pass the information on to a bank where the transfer of funds takes place. There is never a need to service the payment processing systems, and these gateways are stable and function 24/7.
• Credit Card Processing is Affordable. The growth of the transaction processing industry means that credit card processing is very affordable. Industries from online pharmacies to online casinos use this payment processing to grow their profits, and all high risk merchants should implement this service to their online options.
For additional information about high risk merchant accounts and payment processing, contact the professionals at High Risk Credit Card Processor. We are ready to connect you with merchants from more than twenty different processing sources, including U.S. Banks and Merchant Accounts, Offshore Banks and Merchant Accounts, Third Party Payment and ACH Payment Processing, Check and Debit Card Processors, as well as many other types of accounts. Whether your high risk business needs a single merchant account or other kinds of merchant accounts, High Risk Credit Card Processor is available to meet your payment processing and merchant account needs.
• Transaction Processing is Fast. Today’s technology makes it possible for high risk merchants to process their credit card transactions in the same amount of time it takes to send an email. The days of waiting several minutes for a transaction approval or denial are over, since the speed of Internet communication makes approval or denial happen in virtual real-time.
• Process is Customer-Friendly. Most merchants have a shopping cart as part of their website, and this cart makes credit card processing a breeze. As long as your customers’ completely finish the checkout process, including entering the necessary information and pressing the order confirmation button, the payment should be able to go through without a hitch.
• Payments are Processed by Gateways. All information with the credit card processing transactions are handled by a payment processing gateway, which will then pass the information on to a bank where the transfer of funds takes place. There is never a need to service the payment processing systems, and these gateways are stable and function 24/7.
• Credit Card Processing is Affordable. The growth of the transaction processing industry means that credit card processing is very affordable. Industries from online pharmacies to online casinos use this payment processing to grow their profits, and all high risk merchants should implement this service to their online options.
For additional information about high risk merchant accounts and payment processing, contact the professionals at High Risk Credit Card Processor. We are ready to connect you with merchants from more than twenty different processing sources, including U.S. Banks and Merchant Accounts, Offshore Banks and Merchant Accounts, Third Party Payment and ACH Payment Processing, Check and Debit Card Processors, as well as many other types of accounts. Whether your high risk business needs a single merchant account or other kinds of merchant accounts, High Risk Credit Card Processor is available to meet your payment processing and merchant account needs.
Friday, January 16, 2009
The Number-One Way to Stay Off the TMF
High risk merchants sometimes end up on the Terminated Merchant File (TMF) through no direct fault of their own. Landing on the TMF can cause your high risk or high volume business to be red-flagged by banks, merchant account providers, credit card companies, and more.
The number-one preventative measure is to work with reputable credit card processors and merchant account providers. By working with a legitimate high risk credit card processor or merchant account provider and having a thorough understanding of the terms of your merchant account, you will avoid things like sneaky unpaid fees, missed payments, and bad relationships.
Research your merchant account provider before signing on – make sure their terms and fees are clearly outlined and they provide a wealth of information to you (such as an informative website, blogs, articles, and easily contactable customer service).
By working with a legitimate merchant account provider and clearly outlining and understanding the terms of your relationship, you greatly reduce your chances of that relationship ending badly, which in turn reduces your chance of landing on the TMF.
High Risk Credit Card Processor represents multiple processing sources including US-Based Banks, Domestic Merchant Accounts, Offshore Banks, Offshore Merchant Accounts, 3rd Party Processors, ACH Processors, Check Processors, and more. High Risk Credit Card Processor is glad to work with high risk merchants to identify and meet their credit card processing needs. Contact us at 702-898-5568 or at info@highriskcreditcardprocessor.com for more information on how we can work with you.
The number-one preventative measure is to work with reputable credit card processors and merchant account providers. By working with a legitimate high risk credit card processor or merchant account provider and having a thorough understanding of the terms of your merchant account, you will avoid things like sneaky unpaid fees, missed payments, and bad relationships.
Research your merchant account provider before signing on – make sure their terms and fees are clearly outlined and they provide a wealth of information to you (such as an informative website, blogs, articles, and easily contactable customer service).
By working with a legitimate merchant account provider and clearly outlining and understanding the terms of your relationship, you greatly reduce your chances of that relationship ending badly, which in turn reduces your chance of landing on the TMF.
High Risk Credit Card Processor represents multiple processing sources including US-Based Banks, Domestic Merchant Accounts, Offshore Banks, Offshore Merchant Accounts, 3rd Party Processors, ACH Processors, Check Processors, and more. High Risk Credit Card Processor is glad to work with high risk merchants to identify and meet their credit card processing needs. Contact us at 702-898-5568 or at info@highriskcreditcardprocessor.com for more information on how we can work with you.
Saturday, October 25, 2008
Basics of a High Volume Merchant Account
A high volume merchant usually conducts business on the internet and accepts payments primarily through credit cards. Sometimes, a merchant in a high volume industry will find it difficult to obtain a merchant account, which means he or she often turns to offshore account providers.
While there may be many reasons why a high volume merchant may find it difficult to obtain an account, the most prominent one is that the business practices of these merchants make it easier for them to fall victim to credit card fraud. The lack of protection against fraud makes high volume merchants too risky for most domestic account providers to offer them accounts. Offshore account providers will often offer these high volume businesses excellent customer services and attractive offers, even though their rates may be a bit higher than domestic providers.
Unlike most domestic merchant account providers, offshore entities recognize that high volume businesses are a lucrative investment, even though they do come with some additional risk. With a sound business credit history and sound business practices, high volume merchants should discover little or no hesitation on the part of offshore providers when it comes to accounts. To find the best fit for your high volume business, consider setup time periods and rates, billing systems, options for payment processing and fraud prevention strategies. After choosing the right provider, the merchant should enjoy increased sales and profits, as well as overall savings on business expenses.
While there may be many reasons why a high volume merchant may find it difficult to obtain an account, the most prominent one is that the business practices of these merchants make it easier for them to fall victim to credit card fraud. The lack of protection against fraud makes high volume merchants too risky for most domestic account providers to offer them accounts. Offshore account providers will often offer these high volume businesses excellent customer services and attractive offers, even though their rates may be a bit higher than domestic providers.
Unlike most domestic merchant account providers, offshore entities recognize that high volume businesses are a lucrative investment, even though they do come with some additional risk. With a sound business credit history and sound business practices, high volume merchants should discover little or no hesitation on the part of offshore providers when it comes to accounts. To find the best fit for your high volume business, consider setup time periods and rates, billing systems, options for payment processing and fraud prevention strategies. After choosing the right provider, the merchant should enjoy increased sales and profits, as well as overall savings on business expenses.
Thursday, October 16, 2008
Limits to Businesses Accepted for High Risk Merchant Accounts
If you are a relatively new high risk merchant, you may be surprised at how difficult it is to obtain a merchant account if you work within certain industries. Businesses such as adult entertainment, online gaming and casinos, multilevel marketing and high volume sales retailers are considered somewhat risky, and therefore merchants who run these organizations have some difficulty opening up a stable merchant account. However, there are many processors and high risk merchant account providers who actually specialize in accounts for merchants within high risk businesses—these institutions may be located both domestically and offshore.
So, are there any types of business that will find it difficult to obtain a merchant account, even when applying at an institution that specializes in high risk merchants? Yes:
Irregular Extreme High Volume Sales: Due to the fact that sporadic, high volume sales is a red flag for money laundering, businesses that have a sudden dramatic increase in sales volume will generally find it difficult to obtain a merchant account.
Poor Business Credit History: Most high risk merchants have some degree of imperfect credit in their history, which can be overlooked in favor of a current clean record. However, merchants whose track record does not indicate an increasing willingness to improve their credit will run into trouble opening up new accounts.
Insufficient Chargeback Reduction: Chargebacks are an inevitable part of doing business using sight-unseen credit card transactions, but they can be reduced. It takes a commitment to increased security measures, including using the AVS and CVS systems, along with specialized steps such as strict shipping procedures, to sufficiently reduce the number of chargebacks your businesses experiences.
By taking the time and care to address the previous three characteristics, high risk merchants can improve their chances of obtaining a merchant account. For even more information on how merchant accounts can grow your business, contact High Risk Credit Card Processor. Our professionals can connect you with high risk merchants from over 20 different processing sources, including U.S. Banks and domestic Merchant Accounts, International Banks and Offshore Merchant Accounts, 3rd Party Payment and ACH Payment Processors, Check and Debit Card Processors and a range of other types of accounts. Whether you need one merchant account or many, High Risk Credit Card Processor is ready to meet your high risk business’ processing needs.
So, are there any types of business that will find it difficult to obtain a merchant account, even when applying at an institution that specializes in high risk merchants? Yes:
Irregular Extreme High Volume Sales: Due to the fact that sporadic, high volume sales is a red flag for money laundering, businesses that have a sudden dramatic increase in sales volume will generally find it difficult to obtain a merchant account.
Poor Business Credit History: Most high risk merchants have some degree of imperfect credit in their history, which can be overlooked in favor of a current clean record. However, merchants whose track record does not indicate an increasing willingness to improve their credit will run into trouble opening up new accounts.
Insufficient Chargeback Reduction: Chargebacks are an inevitable part of doing business using sight-unseen credit card transactions, but they can be reduced. It takes a commitment to increased security measures, including using the AVS and CVS systems, along with specialized steps such as strict shipping procedures, to sufficiently reduce the number of chargebacks your businesses experiences.
By taking the time and care to address the previous three characteristics, high risk merchants can improve their chances of obtaining a merchant account. For even more information on how merchant accounts can grow your business, contact High Risk Credit Card Processor. Our professionals can connect you with high risk merchants from over 20 different processing sources, including U.S. Banks and domestic Merchant Accounts, International Banks and Offshore Merchant Accounts, 3rd Party Payment and ACH Payment Processors, Check and Debit Card Processors and a range of other types of accounts. Whether you need one merchant account or many, High Risk Credit Card Processor is ready to meet your high risk business’ processing needs.
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