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HIGH RISK MERCHANT SERVICES AND CREDIT CARD PROCESSING EXPLAINED

Merchant account and high risk credit card processing companies consider some business types to be “High Risk” merchants. Any company offering High Risk Merchant Services needs to know what they’re doing and who they’re exactly dealing with.

Spokane, WASHINGTON – June 29, 2015 – What most high risk merchants don’t know is that they’re not considered high risk because of them personally. It’s normally because their business type has had a higher level than normal level of complaints.

Many national consumer protection agencies, the BBB, FTC or States Attorney General’s track consumer complaints on products sold. The card brands such as Visa and MasterCard also keep track of complaints and refund rates for every business type which payment processors keep track of.

In the past, high risk merchant services obtained a high risk merchant account offshore or used third party credit card processors but this isn’t necessary anymore.

With proper diligence and underwriting most of the high risk merchant accounts below can now be approved by some high risk merchant service processors:

Even with proper diligence and underwriting most of the high risk merchant accounts above can be approved but there is a big difference between retail swipe merchants and merchants who sell online or over the phone or through the mail. The credit card processing company will do their underwriting based on what you sell, how you sell, and how much you sell, so be prepared to answer all these questions upfront.

Finally, the FTC and States Attorney General’s have been going after some of the high risk merchant account and web credit card processing types above (with good reason) so be prepared to answer questions about your suppliers, refund policies and your past credit card processing history. If you’re completely honest and above board your chances of obtaining a high risk merchant account will be much higher!

If you would like more information about high risk credit card processing topics please contact us at 1-800-459-0625

Logo: http://www.abnewswire.com/pressreleases/wp-content/uploads/2015/06/1435599759.jpeg

“If you operate a high-volume or high-risk business, and cannot find the right merchant service for your needs we can offer the perfect solution. Since we specialize in high-risk accounts, we are able to offer the same high quality service to all of our customers without regard to their business.”

Media Contact
Company Name: High Risk Merchant Services
Contact Person: Jim Duncan
Email: signup@highriskcreditcardprocessing.com
Phone: 800-459-0625
Country: United States
Website: http://highriskcreditcardprocessing.com

Source: ABNewswire

ReleaseID: 31550

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