Tag Archives:Merchant
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!

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!

Q&A: Who are good online merchant account providers?

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.

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!

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!

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!

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!

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

Credit Card Merchant Accounts?

Question by DMG: Credit Card Merchant Accounts?
I recently submitted an application for a business credit card merchant account. It is an existing business with an existing merchant account with another company. This new provider wants me to give them my social security number even though the company has its own EIN/tax ID. Why would they want my social? Does this open me up to financial liabilities of the company? I know if they hard pull my credit information, this has a negative impact on my personal credit rating. The other option is to jump through hoops of sending several years tax returns and months of bank statements. What is the best course of action?
We have been in business for almost 7 years so it is not from lack of history.
This is not for a business credit card, it is for a merchant account to process credit cards.

Best answer:

Answer by RIP LUCY
Just give them your social. Sounds like they will approve your application, based upon your credit. One inquiry isn’t that harmfull and this way is way easier.

Know better? Leave your own answer in the comments!

Is a wireless terminal for a high risk merchant account better than a manual imprinter?

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!