A financial institution labels a business “high risk” for a number of reasons, including its industry, potential legalities, and its risk for chargebacks and financial problems. This is problematic because it impacts a business’ ability to borrow money and obtain merchant accounts, which are required if a business wants to accept and process credit card
Top-notch customer service is a cornerstone to any successful business. Without strong customer service, you will lose existing customers, fail to attract new customers, and deal with other negative blows to your business. Like online merchants need to be able to handle customers’ problems with orders, refunds, or service issues, those who process credit card
Today, there’s a range of options available to most customers via the Internet. If you have poor customer service, this won’t let you succeed. What’s important for customer success? How can you get approved for high risk credit card processing without challenges? This article will tell you about this. High Risk Credit Card Processing and
If you’re an online business seeking to boost your online presence and gain more customers, you may have considered signing up for a high-risk merchant account. And that’s with good reason: there are lots of great benefits to this type of account. Let’s look at those benefits a little more closely. Most often, businesses who
Is your business considered high risk? Have you already been turned down by many credit card processors? What’s the way out? How can you get approved for payment processing? Read this article and you’ll get answers to all your questions. When Your Business is Labeled as High Risk Many small businesses and startups have innovative
eMerchantbroker.com specializes in the high risk industry and provides exceptional high risk payment processing services to merchants of any type and size. EMB is focused on offering high risk merchant accounts to hard-to-approve merchants and is voted the #1 high risk processor in the US. Founded in 2011, emerchantbroker.com has helped thousands of high risk
In July, Part 2 of the Faster Payments Task Force Final Report was released. This report estimates that real-time payments could – and should – be on the payments scene by 2020. The industry seemed to then settle in after analyzing the report. However, the Federal Reserve jumped in in September with its own comments
Every business strives to keep its customers as happy and satisfied as possible. In today’s digital world, part of that means giving them the chance to choose the payment option they want when purchasing a product or service. But, although ordinary businesses may have no problem accessing cashless payment processing solutions, high-risk merchants are hardly
Businesses that produce high volumes of electronic transactions per month may find it difficult to get a perfect merchant account that meets all their business’ needs. This is because successful approval of all merchant account applications depends on predetermined processing limits which establish the monthly processing volume cap. Processing limits are often defined by; Your
Who is a High Risk Merchant? Any merchant who has one or more of the following characteristics is considered high risk: irregular high-ticket sales a record of high chargebacks Falls in an industry that major banks are not willing to support, or Any other highly regulated industry. Note that this high risk merchant account classification
