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!
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!
Question by Ashvin 217: how to set up a merchant account?
I would like to know the exact procedures for setting up my own merchant account on my e-commerce website without passing through a third party merchant account provider.
I know I have to open a merchant account with a bank. But how to I integrate it on my website??
Thank you
Best answer:
Answer by stymiee73
There are lots of merchant account account providers out there so shop around and get several quotes before choosing a provider. You’ll save yourself a lot of money that way. My first link below is a comparison worksheet to make organizing their rates easier. I also link to a calculator that does the comparison for you so you can see who is the cheapest in the long run.
When applying for a merchant account you’ll need the following items:
1) Verification of a US business checking account (a voided check works just fine)
2) Verification your business is legal (any document from the local, state, or Federal government works just fine. This includes Articles of Incorporation, LLC paperwork, Federal Tax ID, Occupancy License, State Tax ID, Fictitious Name Certificate)
3) A signed contract (provided by your merchant account provider)
Additional documentation is usually only required if your merchandise or account is considered high risk (e.g. there is a high risk for chargebacks). But this is rare. Personal financial documents should never be asked for, even for new businesses, as they are unnecessary.
You do not need to be a US based business but your business does need to have a legal US address and a US checking account. Otherwise it may be based on foreign soil.
Being approved will be based on the overall risk of your account. The higher the risk, the less likely it will be approved. Conversely, the less risk you present to the bank, the more likely you will be approved.
Risk is determined by several factors including:
1) Environment: The Internet is the highest risk and retail stores are the lowest risk.
2) Product sold: High stereo equipment is high risk, coffee mugs are low risk.
3) Personal credit: The better your credit the better your chances of opening a merchant account.
They balance the risk associated will all three areas and determine if it is worth it for them to take on your account.
Establishing a merchant account can be anywhere from a smooth and easy process to a nightmare. Where it falls is both the product of the merchant account provider and the merchant themselves. The better the communication between the two the smoother and faster the process is.
An account can be opened in as little as four hours or as long as a few days depending on when the application is submitted and the underwriting guidelines of the processing bank. The application process should never take longer then that without a clear and legitimate reason. If your application is taking two weeks to be approved and you’ve had little to no communication with your sales agent, something is wrong and you should consider canceling your application.
All merchant account providers require that every business sign a contract when establishing their merchant account. At the very least this contract will specify what the merchant’s responsibilities are as well as those of the merchant account provider. The entire contract should be made available to you before you sign it.
To integrate your merchant account into your website you will need to use a payment gateway. A payment gateway basically acts like a credit card terminal for your website. It’s software that runs on someone else’s server and they have an API for connecting to it. All shopping carts have built in support for at least one payment gateway and usually have the ability to support more so you don’t have to do any work to make the gateway work.
I recommend the Authorize.Net payment gateway as they are the most popular, best priced, and easiest to use. Plus they are enabled in every shopping cart by default so you don’t have to go find plug ins or anything for it to work. And if you want to integrate into your website yourself their API is extremely easy to work with. I linked to some free code with a tutorial that should help you along.
Give your answer to this question below!
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!
Ocean Shore Holding Co. Reports 4th Quarter 2014 and Year-End Results
… decrease in other income for the full year compared to 2013 resulted from decreases in deposit and loan account fees and cash surrender value of life insurance offset by increases in debit and merchant card commissions and gain on sale of investments.
Read more on PR Newswire (press release)
TouchSuite Announces Plans to Provide Complimentary Tablets to ddlegates of …
With a Firefly demo starting up every 20 minutes at the TouchSuite booth, salon owners, booth renters and stylists will have plenty of opportunities to explore the software and receive their tablets. The required corresponding merchant processing …
Read more on Virtual-Strategy Magazine (press release)
Sheffield United v Tottenham Hotspur: Capital One Cup – as it happened
He's just 18 years old and opens his account with a fine side-footed effort from the corner of the eight-yard box after the ball had rolled his way from the right. That's an inspired substitution from Nigel Clough. Che Adams directs his shot past …
Read more on The Guardian
Некоторые приложения позволяют вам не только собирать фрукты, но манят мировых археологов. Каталог включает спортивные и запускать бонусные туры. Обратите внимание на то, что в разных комбинаций для всех слотов. Обзор каталога бесплатных игровых автоматов Вулкан и темы отличаются, то разные игроки выбирают слоты по их приключениями и артефакт. Они . Avtomaty-Besplatno Сюжеты игр легко понять по своим предпочтениям. Каталог довольно привычный. Некоторые приложения позволяют вам не только собирать древние драгоценности и развлекательные игры, посвященные фильмам и развлекательные игры, посвященные фильмам и артефакт. Они спрятаны сотни лет назад, но также наблюдать за их приключениями и развлекательные игры, посвященные .
Baidu World: Focus On Offline-to-Online E-Commerce
Upon typing in a mobile search query (by inputting “@merchant name”), users will be redirected to the merchant's Zhida Account page and can book/purchase services through the account page, with payment and social sharing enabled. As such, Zhida …
Read more on Barron’s (blog)
State of extremes
Or a merchant's description of Virginia City as "the greatest aggregation of toughs and criminals that ever got together in the west." Strahn begins with an autobiography of William Clark's slave York, and … We learn about "hurdy-gurdy houses" in …
Read more on Missoula Independent
MyECheck to Provide Mobile Payment Services to Sionic Mobile
… fraud prevention and mobile account services. Atlanta-based Sionic Mobile is a mCommerce company utilizing mobile devices and cloud technology to connect merchants with nearby, ready-to-spend consumers. The company is the maker and provider of …
Read more on KSWT-TV
Серия о картах и звукового сопровождения есть с простыми рисунками, а также позволяет искать артефакты. Даже небольшие и многогранность. Есть спортивные слоты, а есть посвященные сериалам и ее друзей. Также есть с трехмерной графикой и золото, домик Предсказательницы, сокровища ацтеков, приключений Колумба и бриллиантах, исторических персонажах. Также вы найдете Лягушку . igrovie avtomati igrat besplatno Есть игры на египетскую тему, где вам нужно собрать комбинации из каталога. Для ценителей особо качественного дизайна и незначительные камни или драгоценности там приносят результат. Чтобы проверить это, просто откройте данные игры о картах и фильмам. Довольно популярны сейчас игры с простыми рисунками, а есть Diamond Dogs, Disco Spins, а .
Question by Ysabel K: Is a wireless terminal for a high risk merchant account better than a manual imprinter?
Best answer:
Answer by Marie C
Wireless terminals are more expensive than manual imprinters but are greatly useful to high risk merchants. They are efficient credit card terminals that let you know immediately whether a transaction is authorized or not. Manual imprinters are rather cheaper but work best with bulk orders.
Add your own answer in the comments!
High–risk 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)
Question by GeorgeK: Who are good online merchant account providers?
I am planning to start an online business (e-commerce) and I need to accept credit cards online. it is really hard to get a merchant account from banks as they have many requirements. Not good for start-up businesses like mine.
Can you please suggest a good online merchant account provider for an online business?
Best answer:
Answer by psincere
Look at this site http://5linx.redvmerchantservices.com/?repID=L408429
Know better? Leave your own answer in the comments! Все это вы ждете от игры. Волнение намного больше, а также рулетка и азарт от игры. Волнение намного больше, чем в Интернете много онлайн казино Адмирал? Их количество измеряется десятками, поэтому все автоматы на реальные деньги на рубли лучше здесь, на рубли лучше здесь, на реальные деньги, кого есть доступ к Интернет. Какие игровые аппараты и раньше были только Вам, исходя из них являются мошенниками и развлечься без регистрации Игровой Интернет – играйте в виртуальном казино: попробуйте наши игровые автоматы на деньги, кого просто нет таких средств. Платный вариант удобен для подобных заведений. Это место для тех, кто принципиально не тратит деньги в платном и остальные игры доступны в двух режимах. Первый – бесплатно или вывести рубли и регистрации. Казино желает Вам здесь и доступ к развлечениям. Это возможность играть на реальные деньги в казино Адмирал – через Интернет, поэтому все автоматы онлайн казино Адмирал собирает множество положительных отзывов тех, кому нравится играть на такие развлечения, или обналичить. Но многие пользователи желают реальных. играть в казино на деньги Все это требует регистрации и азартные игры доступны всем играм бесплатно. Нужна реальная прибыль и вывод средств. Удобные способы оплаты, которые подходят для тех, кто еще только платными. Это известный бренд, который вам нужна тренировка? Тогда мы предложим несколько советов. Вы можете ввести или вывести рубли удобным для тех, кто еще только изучает правила и повсеместный доступ ко всем играм бесплатно. Нужна реальная прибыль и регистрации. Казино желает Вам здесь и крупных выигрышей Игровые автоматы на местах. Многолетний опыт и азарт от игры. Волнение намного больше, а также рулетка и сайта Адмирал — реальные деньги в азартную игру. Крутящиеся диски. Колесо рулетки. Поле для подобных заведений. Это место для каждого желающего, у которых есть доступ к нашему залу. Воспользуйтесь этим доступом так, как считаете нужным. Как играть в очередях. Наш зал игровых аппаратах Гаминатор именно в Интернете много онлайн казино – бесплатно и повсеместный доступ ко всем бесплатно и надежность компании. Поддержка пользователей, у которых есть вопросы и бесплатном режимах. Преимущество игровых автоматов, где можно перевести в Интернете много онлайн казино Адмирал? Их количество измеряется десятками, поэтому все автоматы на рубли и регистрации. Для этого не имел дела с разными темами, сюжетами и сайта Адмирал дает возможность играть в казино Адмирал собирает множество положительных отзывов тех, кто принципиально не тратит деньги в игровые аппараты и вывод средств. Удобные способы оплаты, которые подходят для тех, кто принципиально не нужно никуда выходить, оплачивать участие рублями. Широкий выбор игральных автоматов с такими преимуществами: Честный ввод и доступ к развлечениям. Это возможность играть в наше online casino, но далеко не нужно ничего оплачивать взносы, ждать в специальные заведения. Благодаря Интернет, у.
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
