Tag Archives:high
High Risk & Low Risk Merchat Services

Are travel agencies considered high risk?

Question by avery: Are travel agencies considered high risk?
If so, what are the reasons? does it mean that it’s also risky to book flights with them?

Best answer:

Answer by Sophie
they tend to overcharge, and are not so trustworthy when it comes to saving you $ $ $ .

Give your answer to this question below!

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!

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)

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!

Lastest High Risk Merchant Account News

Guardian Data Systems Named Second Best High Risk Processing Agency by
The independent authority on merchant services, topcreditcardprocessors.com, has named Guardian Data Systems the 2nd best high risk processing service for May 2014. Guardian Data Systems was selected due to their effective performance in the …
Read more on PR Web (press release)

Porn Proceeds too Hot to Handle for Banks
In addition to possible reputational risk, these businesses are at high risk for chargebacks, explained Stephen Brudner, managing director of Merchant Services Consulting Group, a company offering payment-processing for high-risk businesses, including …
Read more on Wall Street Journal (blog)

Is Obama Really Forcing Banks to Close Porn Stars' Accounts? No, Says Chase
Last month, porn star Teagan Presley told Vice that JPMorgan Chase & Co. closed her account because the bank considered her "high-risk." Then, on Wednesday, porn director David Lord told the Daily Beast that Chase sent him a letter notifying him that …
Read more on Mother Jones

Lastest High Risk Merchant Account News

Foreigners continue buying local government debt despite risks
Last month foreign investors, who account for nearly 40% of the domestic market, bought R8.7bn of local bonds following May's purchases of R7bn, Barclays Africa South African strategist Michael Keenan said on Friday. Investors were taking advantage of …
Read more on BDlive

Bank Mutual Corporation Reports 35% Increase In Net Income For The Second
This improvement resulted in a decline in the portion of Bank Mutual's allowance for loan loss that is determined primarily by internal risk ratings and the level of loans within each rating. General economic, employment, and real … Deposit-related …
Read more on MarketWatch

ProPay® Launches TSYS Guardian CyberShieldSM in Partnership with
“While many businesses are challenged with determining whether or not an online transaction, account login or other activity is fraudulent, The Network provides TSYS Guardian CyberShield the capability to identify high-risk transactions in real time …
Read more on MarketWatch

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)

Lastest High Risk Merchant Account News

Finding Out Whom to Trust When You Do Business Together
But he didn't warn me about the risks I might face in driving a 22-year old car with 144,000 miles on it to a very hot location during the summer, though I knew of a few other people who had driven cars over 200,000 miles. But the … Then the …
Read more on Huffington Post

Investors Turn More Positive on the Outlook for Global Equities Markets
TOKYO, PLANTATION, Fla. and HONG KONG, Oct. 7, 2014 (GLOBE NEWSWIRE) — TradeStation, a Monex Group company (Monex Group, Inc. is listed on the first section of the Tokyo Stock Exchange, code: 8698), today announced results of the "Monex …
Read more on GlobeNewswire (press release)

Why Breached Retailers Get Hit Again
"Anyone in a franchised environment, which SuperValu is, cannot be totally sure that all the risk has been squeezed out of the system, as if that is even possible," says Gray Taylor, executive director of Conexxus, a technology consortium dedicated to …
Read more on BankInfoSecurity.com