Tag Archives:high
High Risk & Low Risk Merchat Services

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.

What do you think? Answer 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!

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 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!

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)

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

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

Aida Greenbury: Leading the line
Greenbury takes this leadership seriously and is calling on other companies to follow its lead and the industry as a whole, including printers and paper merchants, to examine their whole supply chain and reject any supplier that relies even slightly on …
Read more on ProPrint

Optimal Payments shares jump on acquisitions
The two deals combined will increase Optimal Payments' handling of merchant transaction and reduce the company's reliance on online gambling. The majority of the company's Ebitda in the past year comes from the NETELLER online gambling product.
Read more on Telegraph.co.uk

Why being an Australian startup sucks
I've wanted to write this piece for a while now, after bootstrapping in Australia for over five years we're finally getting traction. It's been a long hard slog, we've failed at almost 8 ideas and taken absolutely no funding. Maybe that's another story …
Read more on StartupSmart

Anyone knows what’s a high volume merchant account is?

Question by sean: Anyone knows what’s a high volume merchant account is?
It is considered a high risk account? If so, why? Your ideas will be truly helpful for my essay. Peace out!

Best answer:

Answer by shawnda
Hi sean!

A high volume merchant account is an account that allows you to have unlimited volume processing in a month. This applies to volume transactions not lower than $ 10,000. It is considered high risk mainly because of the fast and above than normal amounts coming in. Money-laundering issues come in. But, always, give the benefit of the doubt.

Add your own answer in the comments! Вы можете узнать цены фруктов могут отличаться. Некоторые развлечения связаны с трехмерной графикой. Практически все из них содержат дополнительные настройки, чтобы пользователям было удобнее играть. Для управления используются кнопки. Игровые схемы часто отличаются, перед началом следует хотя бы бегло просмотреть правила. Это позволит более эффективно выбирать настройки . играть онлайн бесплатно автоматы Есть также много слотов, где надо собирать фрукты, но также особо качественные приложения с трехмерной графикой. Практически все из них содержат дополнительные настройки, чтобы пользователям было удобнее играть. Для управления используются кнопки. Игровые схемы часто отличаются, то разные игроки выбирают слоты по своим предпочтениям. Каталог довольно привычный. .