Tag Archives:Account
High Risk & Low Risk Merchat Services

Lastest High Risk Merchant Account News

American Express Company (NYSE:AXP): Profits Grow, Revenues Slow
With its own credit-extending bank and a proprietary card network, American Express gets to profit from both merchant services as well as from cardholders paying interest. With its premium fee-paying customers, American Express is better placed than …
Read more on BasicsMedia

^$ ! New oregon payday loan laws. 2 Minute App No Credit Check! Love. Winning.
While there are numerous lenders who specialize in this type of funding, professional property investors that rely on investment as their sole source of income are also new oregon payday loan laws high risk as new oregon payday loan laws become …
Read more on The Grandstand Gazette (blog)

:{[ Cash advance nowra. No Fax, Quick decision! Strong. Clear-cut.
Legitimate and licensed loan companies are not allowed to levy higher fees on unemployment high risk loans for California than regulated, you may cancel your order in accordance with your rights under the Distance Selling Regulations (see the Returns …
Read more on The Grandstand Gazette (blog)

what is merchant account?

Question by Rahul: what is merchant account?
hi guys….
I m working in call centr frm last 4 years and now i m looking forwd to start my own call centr.
i m having enough money to invest….. bt i need info abt merchant account cz its necessary for me, and i dont know anything abt this acc.
I dont know its importance, its requirements and how can i open it and all.
So plz help me out plz….

Best answer:

Answer by Rock
I think its just a simple business license, so that your business income can be taxed.

What do you think? Answer below!

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!

What is the difference between Merchant Account and Payment Gateway?

Question by M Shadows: What is the difference between Merchant Account and Payment Gateway?
Online Shopping

Best answer:

Answer by imisidro
Merchant account is a bank authorized account which allows you to accept major credit cards, electronic checks, etc. Note though that rates banks will charge you are higher if you are operating an online store because the “card is not present”

Payment Gateway is a software which actually processes customer order information, address, credit card number, etc. The data is sent to a credit card authorization network which verifies that the credit card is valid and verifies that the shipping address matches the billing address. Example of payment gateway is Authorize.net http://www.authorize.net

If you have only a few items, you can operate without a payment gateway and only with a merchant account — as long as you can manually assess the order and identify signs of fraud. All you need is a merchant account and a terminal where you can manually key in the credit card information

With a payment gateway, the order and credit card information is directly sent to your merchant account. So if the customer pressed the BUY NOW button twice, their card can be charged twice, as against when you manually key in the number, you can ignore the duplicate order

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!

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!

What is a high risk merchant account?

high risk merchant account
by lisby1

Question by : What is a high risk merchant account?

Best answer:

Answer by stymiee
Some businesses by their very nature have higher then normal chargeback rates. Sometimes this is due to the product or service offered by the merchant being in high demand but also being high priced (e.g. high end electronic, jewelry, etc.). Sometimes it is because the service causes customers to be misled whether intentionally or not (e.g. multi-level marketing schemes). Regardless of the root cause these businesses will usually find it difficult, if not impossible, to establish a merchant account.

The businesses considered to be high risk will vary from merchant account provider to provider. However, there are some businesses and industries that are consistently considered high risk. This list includes:

* Adult Book Stores
* Adult Entertainment
* Adult Novelties
* Adult Video Stores
* Advanced Sales
* Check Cashing Services
* Child Pornography
* Collection Agencies
* Credit Repair Services
* Dating/Escort
* Diet Marketers/Programs
* Exotic Dancing Establishments
* Multi-level Marketing
* Pharmacies (Card Not Present/Internet)
* Pornography
* Sexual Encounter Firms
* Telemarketing
* Time Share
* Travel Clubs/Tours/Guides
* Vacation Packages

For these businesses to accept credit cards they typically have to turn to high risk merchant account providers. These companies are typically off shore and always charge higher rates then traditional merchant account providers. Rates can go as high as 20% of sales and some may charge set up fees of $ 1,000 or higher. The reason why these rates and fees are so high is the high risk merchant account provider needs to make sure they make enough money to cover the costs of the high number of chargebacks they will receive.

Add your own answer in the comments!

What is Merchant Account?

Question by jeo_onn: What is Merchant Account?

Best answer:

Answer by Monsta’
A Merchant Account is simply a relationship between a retailer, a merchant bank and payment processor for the settlement of credit card transactions. Any retailer who wants to take credit card orders must establish a merchant account.

What do you think? Answer below!

Looking for a high risk payment processor (merchant account)?

Question by wicked_redhead3: Looking for a high risk payment processor (merchant account)?
Iā€™m going to try and ask this question one last time. I am looking for a payment processor for a adult dating site. I have searched for weeks for one in the US and so far none that accept this type of business so I am now looking for payment processing companies in other countries. Please do not respond is you are doing a quick search and post a few names that show up. I have already done that. I am wanting to hear from people that use a company and can suggest a company that they use or have used with having no problems with them.

Best answer:

Answer by Robert
The only one that I know of is charge.com I have been recently looking for a high risk merchant payment gateway as well (though not for adult related industry) and aside from some offshore places, they were the only one that would take me on. I ended up forming another company that has absolutly nothing to do with my business and getting a merchant account for that company. Since my original company owns 51% of the new company, it is legal for me to use it to pull my payments.

Hope this helps.

What do you think? Answer below!

Does Bellagio use the services of a high risk merchant account provider like online casinos?

high risk merchant account
by lisby1

Question by Phoenix: Does Bellagio use the services of a high risk merchant account provider like online casinos?

Best answer:

Answer by Lola J
Online casinos, unlike Bellagio and Caesar’s Palace, need to acquire casino merchant accounts offshore. Why? Because they will find it difficult to operate and handle all those credit card transactions without the help of a reliable payment gateway. Bellagio employs thousands of workers while an online casino may be manned only by a few staff. As long as it has an efficient high risk credit card processing infrastructure, it can easily match the profit that land based casinos like Bellagio can make. Not including the profit on hotel and attractions, of course. – This excerpted from an article I read: “Online Casino Merchant Accounts for Legit Poker Rooms”

Know better? Leave your own answer in the comments!