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!

Justice Department probes banks for fraud

Justice Department probes banks for fraud
Critics say the heightened scrutiny and threat of prosecution will lead banks and payment processors to stop doing business with any merchant considered to be high-risk. And without those financial services, law-abiding companies, not just a few bad …
Read more on Washington Post

Ten Things Never To Do When Designing A Fraud Solution
3-D Secure, a protocol designed to help online merchants reduce the incidences of fraud online was designed to do just that. But 3-D Secure has often been criticized for … 6. Score + Rules = Winning Strategy. A sophisticated scoring system along with …
Read more on PYMNTS.com

Mobile-Enabled Commerce Will Yield The Next 0B Startup
Companies in the Mobile Payments and Retail Enablement categories like Square and RetailMeNot capitalized early on the transition to mobile by building new businesses or reinventing old businesses to take advantage of growing merchant and consumer …
Read more on TechCrunch

What is the best alternative for a high risk merchant account’s personal guarantee?

Question by Jake G: What is the best alternative for a high risk merchant account’s personal guarantee?

Best answer:

Answer by Marie C
There are several alternatives but confidence from your high risk merchant account provider usually comes from your ability to be able to pay them once you owe them money. The letter of credit acts as guarantee that you will be able to pay your provider in the form of loan from your own bank. The letter of credit will only be used only under the conditions written in it.

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Can a phone replace your wallet? I went shopping to find out.

Can a phone replace your wallet? I went shopping to find out.
Google Wallet, PayPal, and Apple Pay are all mobile payment leaders with substantial clout, but even they struggle to get merchants to invest in the tech that enables tap-to-pay transactions. There's also SoftCard, a mobile payments solution from AT&T …
Read more on CNET

NRG Energy's (NRG) CEO David Crane on Q3 2014 Results – Earnings Call
We urge everyone to review the Safe Harbor statement provided in today's presentation as well as the risk factors contained in our SEC filings. We undertake no obligation to update these …. This again highlights the value of our balanced portfolio …
Read more on Seeking Alpha (registration)

Visa Debuts Chip Card Campaign

Visa Debuts Chip Card Campaign
“The adoption of chip technology has the potential to virtually eliminate counterfeit fraud when widely adopted, and will help consumers feel more confident about using their payment cards,” Ellen Richey, chief enterprise risk officer at Visa, said …
Read more on Credit Union Times

Medicine Prices At Risk Under Pacific Trade Draft: Critics
The 77-page draft chapter, dated May 16, showed a push to extend protection for drugs and other medicines which would keep prices high for longer and delay the introduction of cheaper generic alternatives, according to legal experts and groups …
Read more on Business Insider

Apple Pay hits US stores Monday — assuming buyers can find anywhere to use it
A person's account information, including the 16-digit card number, is not stored on the phone or with the merchant, according to the credit card companies and Apple. Instead, token technology allows a unique digital Device Account Number to be …
Read more on Computerworld

Woodside's Buyback Deal With Shell at Risk of Being Blocked

Woodside's Buyback Deal With Shell at Risk of Being Blocked
Some of the Shell executives involved, including for example, Tim Hannagan, still hold high positions inside Shell – in his case, Global Brand and Visual Identity Manager. If Shell does not accept that this is a true, provable account of what happened …
Read more on Royal Dutch Shell plc .com

Fixed income and event driven Americas winners announced
The firm was founded in 2005 by Wartell and Jeffrey Bersh. The pair met in 1993 when they were both junior high yield analysts with adjacent desks at Merrill Lynch. Wartell moved on to the proprietary trading desk at Merrill and in 1999 joined Deutsche …
Read more on Risk.net

topcreditcardprocessors.com Publishes September 2014 Rankings of Thirty Best

topcreditcardprocessors.com Publishes September 2014 Rankings of Thirty Best
NAPLES, FL–(Marketwired – September 09, 2014) – topcreditcardprocessors.com has named the 30 top high risk processing firms providing solutions in the payment processing industry for the month of September 2014. Businesses looking for … The …
Read more on Marketwired (press release)

Collections Credit Card Processing Company Payment Savvy LLC Now Offers
For example, one of the company's many services focuses on high risk merchant account solutions. This is a great option that will help clients who are having challenges finding a workable solution to processing credit cards. As an article on the …
Read more on InsideARM

New Possibilities for HighRisk Merchants Provided by RegularPay
According to the volume of chargebacks, merchants are divided into three groups: low-, medium- and high-risk merchants. The main criteria for such division is a monthly level of chargebacks. Chargeback is a return of funds to a customer, forcibly …
Read more on PR Newswire (press release)

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)

Lastest High Risk Merchant Account News

Has Operation Choke Point Ended?
Has your bank account been canceled for no good reason? If you're … Until recently, that guidance contained a list of about 30 “high risk” industries, including ammunition, drug paraphernalia, pornography, home-based charities, and many others …
Read more on TheBlaze.com

Europe's Sign2Pay Launches To Simplify Mobile Debit Payments And Oil The
You don't have to enter your PayPal account, you don't have to install a PayPal app, you don't have to put in your credit card details because it's a merchant that might not have your credit card on file,” he adds. … To ensure the business can manage …
Read more on TechCrunch (blog)

Guest Blog by Frank Stornello

Guest Blog by Frank Stornello
Since online fraud threatens the profitability of merchants, especially those that depend on card-not-present (CNP) revenues, it's essential to use all your cross-channel data insights and intelligence wherever possible to deter it. It's not just the …
Read more on Retail Merchandiser (blog)

108 Tools to Grow your CTA Business
We combine our technology, expertise and global infrastructure to deliver a customized package of services to our clients, including: Fund Administration, Investor Services, Portfolio & Managed Account Services, Shadow Accounting, Fund Formation, and …
Read more on ValueWalk

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