Category Archives:High Risk Merchant Account
High Risk & Low Risk Merchat Services

What’s the average rate of acceptance for high risk merchant account applicants put under the TMF?

Question by Phoenix: What’s the average rate of acceptance for high risk merchant account applicants put under the TMF?

Best answer:

Answer by Merchant Helper
I’ll be upfront with you, its not good. < 1%. Processors take TMF's very serously and it is hard to place merchants that have been TMF'd. Its much easier to resolve the TMF, or in some cases reincorporate.

What do you think? Answer below!

Employment Roundup: 61 new jobs created in the Geoscience industry in last year

Employment Roundup: 61 new jobs created in the Geoscience industry in last year
With 75 employees in place already in Dublin, the company is actively hiring across all functions including sales, account management, business development, finance and engineering to support customers in a number of languages throughout the EMEA …
Read more on Insideireland.ie

CNN's GUT CHECK for June 23, 2014
"Don't hold it that I have no savings account."– Kevin Liptak. AND ON … The phenomenon may support claims that the Obama Administration's lax stance on immigration is encouraging thousands of children to put their lives at risk. – Breitbart's Kristen …
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India Energy Profile: Economic Growth Fuels Increased Need For Energy
Risks to economic growth in India include high debt levels, infrastructure deficiencies, delays in structural reforms, and political polarization between the country's two largest political parties, the Indian National Congress and the Bharatiya Janata …
Read more on Eurasia Review

CFTC fines Morgan Stanley Smith Barney for supervision and records failures

CFTC fines Morgan Stanley Smith Barney for supervision and records failures
SureInvestment purported to operate a hedge fund based in part in the British Virgin Islands, deemed a "high risk jurisdiction" under Morgan Stanley's compliance procedures. In light of this circumstance, the opening of … The Order finds that despite …
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Why Are Credit Card Merchant Services Important for a Business?
… for website owners and retailers to accept online or credit card payments and conduct faster and more convenient transactions. They also offer Credit Card Merchant Services, high risk merchant account services and offshore merchant account services.
Read more on DigitalJournal.com

Lastest High Risk Merchant Account News

Highrisk industries can now accept online credit card payments and secure a
UltimateMerchantProviders.com have a newly launched service that aims to help businesses that operate within so called 'high-risk' industries secure merchant accounts more easily in order to enable them to accept debit and credit card payments as well …
Read more on PR Web (press release)

Marijuana Merchants Denied Bank Accounts
Ryan Kunkel is a legal marijuana merchant and owns several dispensaries in the Seattle area. But because banks are worried about the implications of being in professional cahoots with "drug dealers," many—incuding state-chartered ones—are denying …
Read more on Neon Tommy

100BestMerchantAccounts.com Names Top 3 Merchant Account Providers for
A few things to consider when reviewing merchant account services: setup fees, processing rates, and other account service fees. Some merchants specialize in international merchant accounts, high-risk merchants, small business services, or other …
Read more on PR Web (press release)

Buying Your Own House? Fees To Worry About

As the biggest, most important purchase of your life, a house is a huge investment requiring a great deal of planning and sacrifice. Get as informed as you can before you start walking in the shoes of a home owner and you will avoid a great deal of post-buying distress. Here are the main factors that need to be taken into consideration while building your budget. As a thumbs up, you are almost always going to have to dig a lot deeper in your pockets than first expected, due to the large numbers of more or less hidden fees.

 

Mortgage And Other Legal Fees

 

Your mortgage fee is also highly likely to be comprised of a mortgage arrangement fee also. This is an extra fee you will be asked to pay to your lender and in many cases the money is non-refundable. This is the case even for those homes whose purchase is not eventually completed as planned. There are lenders who are willing to cover part of the legal fees on their own; in such cases, they will also be quick to prompt the naming of solicitors you will be obliged to use. Choose to do things on your own and cover your own conveyancing and you will have to add some extra few hundred dollars to the list of extra fees. As for the valuation fee, lenders will charge you for the actual valuation of the home’s existence and ability to secure the respective loan.

 

Survey costs, items removal costs, home repairs, or stamp duty costs are additional expenses you will also need to factor in when buying a house. As you can see, you could use all the extra money you can get our hands on. Joining the Ladbrokes affiliate program is an excellent idea to start with to make some extra money.

 

 

How do high risk merchant account providers assess the cost of setting up an individual merchant account?

Question by Dan: How do high risk merchant account providers assess the cost of setting up an individual merchant account?

Best answer:

Answer by Marie C
Many high risk merchant account providers will assess your costs depending on your business profile, owner’s personal credit, time in business, average ticket charge, monthly processing volume, business solvency, past processing history, and other lesser but important factors.

Know better? Leave your own answer in the comments!

Q&A: Do i need to apply for a high risk merchant account offshore when selling my online games (consoles, titles)?

high risk merchant account
by lisby1

Question by Drew H: Do i need to apply for a high risk merchant account offshore when selling my online games (consoles, titles)?

Best answer:

Answer by Phoenix
You don’t need to if you don’t intend to increase the monthly volume of your sales. Many gaming vendors feel the need to apply for a high risk merchant account because they transact high volume sales as their businesses grow. Also, due to the nature of the business, they find it difficult to get accepted in the local banks’ merchant services. If you find that an offshore provider works to your advantage then you should apply for one.

Know better? Leave your own answer in the comments!

Is it better to use Paypal or get a 3rd party free merchant account if I have a high risk business?

Question by Joaquin M: Is it better to use Paypal or get a 3rd party free merchant account if I have a high risk business?
I have a growing high risk business. Do I keep on using Paypal or get a merchant account as my biz grows? Is it safer to opt for a 3rd party high risk merchant account provider?

Best answer:

Answer by Joe C
Although I have used PayPal, I’ve heard a lot of unfavorable things about them.

Add your own answer in the comments!

Q&A: what merchant account companies accept supplement companies

Question by pdrpoet: what merchant account companies accept supplement companies
can anyone recommend a merchant account company that will allow us to sell supplements online with a Money Back Guarantee?

We have applied and been denied by numerous companies already and need to get this done.

Best answer:

Answer by stymiee73
You need to use an offshore merchant account provider because the risk is too high for typical US based merchant account providers. A name I see repeatedly recommended for high risk products is CCBill.

What do you think? Answer below!

Breach risk a retail reality

Breach risk a retail reality
Cyberattacks are growing in size, too, with tens of millions of consumers potentially facing the prospect of having their identities or credit or debit card account information stolen. One breach of 100 million records or more has been reported in each …
Read more on Tribune-Review

The Struggle to Make the Checkout Lane Safer
We hold instant gratification in high regard, so rather than appreciating a worker's effort to prevent credit card fraud, a customer would probably be irritated if asked to produce their ID during a transaction. Jeffrey Sklar, a financial … “The …
Read more on Credit.com News (blog)

New weapon to fight credit card fraud at the gas station
Criminals who steal credit or debit cards or make counterfeit ones with stolen account numbers need somewhere to use them without getting caught. At self-serve gas … “As soon as we see that high-risk transaction, we also send the issuing bank a …
Read more on Today.com