High risk merchant account quick tips

by Jason Simms Opening a High Risk Merchant Account High risk merchant account is required by certain type of businesses as they carry a higher risk percentage of fraud and chargebacks.

There is no issue with low risk merchants to obtain merchant accounts, but given the risky nature of their business itself, high risk merchant find it difficult to obtain a merchant account, especially through the domestic acquiring banks and financial companies.


Potentials of a business to be termed high risk merchant


A business is termed high risk business when:

 · It has excessive chargebacks and reports a lot of returns High risk merchant account,High risk merchant,High risk merchant account provider,High risk merchant service provider,Offshore merchant account,High risk processor,Merchant Account high risk

 · It has a bad credit history

 · I It has very high sales volumes and too many transaction make is susceptible to fraud

Some of high risk businesses types include:

  Adult
  Travel
  Gambling and betting
  Dating
  Web hosting
  Software download 

Things to consider when applying for high risk merchant account with a merchant account provider:

 · Research well, both on and offline, for the best merchant account providers

 · Shortlist a few on merit and recommendations and compare the feature, fee charges and rates of each of them

 · Choose the one with lower fees and better, around the clock customer service

 ·  Look for discounted bundles, merchant account which is provided with a set of features on discounted rates

 · Look and read through the contract and terms and conditions before signing for an account.
Choose a provider who makes accepting payments in all currencies possible. This is especially mandatory if you are dealing with customers globally.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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