Tag Archives:risk
High Risk & Low Risk Merchat Services

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!

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!

Boom time for e-commerce in India; but customers face heightened risk of fraud

Boom time for e-commerce in India; but customers face heightened risk of fraud
NEW DELHI: As more Indians step up to make online payments, there is a proliferation of payment gateways and mobile wallets, many of which are facing the risk of being misused by unscrupulous merchants. Payment service providers like Citrus Pay and …
Read more on Economic Times

Digital River and Klarna form online payments alliance
As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers' credit card and online bank transfer payments through Digital River's international payment gateway. In 2013, Digital River processed more …
Read more on Finextra

Japanese Exchange BitFlyer Raises 6k in Growth Funding
As well as allowing people to buy and sell bitcoin, bitFlyer partnered with GMO Payment Gateway to provide a bitcoin payment option to 48,000 online merchants in late September. Earlier the same month, the firm launched Japan's first bitcoin …
Read more on CoinDesk

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

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

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

Question by wicked_redhead3: Looking for a high risk payment processor (merchant account)?
I’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!

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)

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!