CHECK PROCESSING SERVICES FOR HIGH-RISK MERCHANTS

Getting paid timely and securely is a priority for any high-risk business. But for this to happen consistently, keeping the customers satisfied is essential. Besides the superiority of the products or services sold, customer’s payment preferences must also be considered.

Most merchants know about the different payment methods available today. However, check still seems to be a widely chosen form of payment. Shocking? Some folks indeed decide to work the traditional way and deal with checks. Therefore, as a merchant, it is in your greatest interest to determine if taking checks is vital for your business.

eCheck is, however, one of the most competent payment modes available to merchants receiving checks. It is a no-risk payment processing solution, no matter where you are in the world. With VISA and Master Card clamping down really hard and dreading chargebacks, most providers keep away from setting up high-risk merchant accounts for such businesses. eCheck comes to the rescue in such cases. 

Paper checks are converted to electronic checks for transferring the amount to the merchant’s high-risk business account. Money can be withdrawn and/or deposited electronically without filling the check and sending it over manually.

No doubt, checks are accompanied by a fair share of challenges, including the risk of bounced or returned checks that may result in higher chargebacks. With a reliable check processing services provider, check payment gets more efficient, manageable, and secure. eChecks have made facilitating checks more convenient, straightforward, quick, and safe for high-risk businesses.

Merchants go through a lot of hurdles for securing an appropriate payment processor that fits their business needs. Due to the nature of their business, high-risk eCheck processing services have proven best in saving merchants from the hassles of acquiring an economical and reliable payment processor.

It sure offers benefits when you consider integrating check processing services. Quick approval, low costs, worldwide processing, same day funding, no chargebacks, and all business category support are a few aids you get.

Industries, including airlines, adult entertainment, casinos, lotteries, multi-currency sales, pawnshops, etc. are considered high-risk businesses. With an eCheck integration, you can expect a more accessible account set up procedure, cost-effective processing, high volume transactional capabilities, and limitless expansion opportunities. Moreover, it allows faster credit card processing, offers a secure payment gateway, multi-currency support, and best in class customer services.

As a high-risk business, you simply need to submit a few documents, and your eCheck merchant account would be fully functional. Usually, the service provider asks you to fill the application form and produce a government-approved ID, incumbency certificate, void check, incorporation article, bank statement, processing statement, TIN/SIN, and business details.

Owning an eCheck account allows you to sell products and services all across the globe without worrying about any frauds or restrictions. High-risk merchant services providers enable you to perform a risky transaction with absolute ease. Also, the processing fee of eCheck accounts is relatively cheaper than most high-risk credit card accounts. So eCheck services are an outstanding option for high-risk merchants who want to skip the tiresome process of introducing a new payment method.

So wait no more, get started with eChecks, and expand your high-risk business effortlessly and ensure safety.

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Created on Nov 17th 2020 07:55. Viewed 314 times.

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