The phrase high-risk is a scary prefix for most business owners seeking a merchant account. It often means tougher-than-usual terms and higher fees than low-risk accounts. Banks won’t onboard any business category that poses a high financial and reputational risk. So, in a nutshell, underwriters will consider your business risky if they notice something they don’t like about it. This...
Starting a business venture is as challenging as it is exciting. To keep up with the latest customer trends, your business needs exceptional payment processing services that offer multiple payment options. You also need capital to put your plans in motion and get started off on the right foot. But what do you do if you discover your business is...
Are you a high-risk merchant facing challenges with opening a merchant account? No worries. Below, you can find all the necessary information about high risk merchant accounts and their benefits. So, let’s start. High Risk Merchant Accounts Businesses associated with higher rates of chargebacks and fraud are considered high risk. These are the basic reasons accompanied with other high risk...
Many merchants are unsure of whether American Express is the right card network to explore for catering U.S. and Canadian buyers. Some prefer other options because of pricing. Others don’t know if it’s a good option for a high-risk business. To find out more about AMEX for high risk payment processing and discover an exceptionally high risk processor, go through...
An excellent idea, good entrepreneurship skills and a strong financial backing just don’t complete the equation. One must be a big risk taker to want to venture into a high-risk business. To excel at high risk payment processing, you must identify and mitigate the risk factors plaguing your specific industry. Failure to do so can mean trouble, both legally and...
The jewelry and watch market is expected to grow to a $408 billion industry by the end of 2019. This outgrowth has been stimulated by the growing prevalence of online stores. It is estimated that online sales for the global jewelry industry will comprise 25% of total retail sales by 2020. With this growing trend, it is no wonder that...
Running a small business is difficult enough without being told your business is considered “high risk”. This categorization makes it incredibly challenging to operate smoothly, secure business funding and partner with a reputable, fair payment processor. Even if you are able to find a processor willing to work with you, you will be charged higher rates and receive other undesirable...
High-Risk merchants need a reliable and reputable high risk credit card processing provider. As a new merchant, you have just discovered that your particular industry has been deemed high risk by traditional credit card processors. As a result, you are struggling to secure a traditional credit processor because they refuse to take on any client that falls into the “high-risk...
A gold and precious metals merchant account is necessary for your payment processing needs. When it comes to precious metals, they are considered highly valuable because they are rare to find. Each year, only a minimum amount is produced and therefore their scarcity is the reason for such a high value. One of the most popular metals in the world...
Do you feel confused about signing a personal guarantee with a merchant services provider? What about high risk merchant accounts? Where can you get reliable merchant processing services or business funding for your risky business to overcome financial challenges? No worries. This article will explain what a personal guarantee is and help you come up with the right merchant services...
