Getting a merchant account and secure card processing services for a high-risk business— like those that offer trials before a sale—is not easy, especially if you go searching in the wrong places. Conventional banks will naturally reject you. But you stand a chance with modern high-risk merchant account providers like eMerchantBroker.com. The nature of such businesses, plus a few other factors to be discussed below, are the reasons most financial service providers won’t give you company a chance.
What are the Risk factors for trial offers
With trial offers, the first visible risk is that; phony customers may enjoy the service or product over the testing period then leave without a purchase only to come back with a different identity for a second free trial. So the merchant is vulnerable at all times.
Next, recurring services or product deliveries is a common characteristic of firms that offer free trials. And with recurring billing, you have to worry about chargeback levels. A customer who fails to send a contract cancellation notice may claim payments even after you’ve started offering the service. And if your policies are weak, you’ll suffer multiple chargebacks because credit card companies favor customers.
Banks, on the other hand, like to work with less risky industries. If your business threatens to compromise their finances in any way—even if it is legit, reputable and has good credit—then they won’t write you.
Where Do You Look When Banks Reject You
It’s simple. You can get a trial offer merchant account from online high-risk service providers like emerchantBroker.com. We accept risky retailers that banks won’t take.
The good thing, our application and underwriting process is not as complex and time-consuming as with traditional service providers. What’s more, merchants who run perfectly legal firms and meet our few requirements can apply online and get approved in just 24 hours.
What more can you get from EMB?
- Stress-free application and quick feedback.
- Lowest rates & service fees.
- High security to protect sensitive customer data.
- Ready-to-use hardware and software.
- Frequent software and hardware upgrades.
- 24/7 customer care.
- Ability to offer multiple payment methods including checks, ACH or echecks.
At EMB we focus on making things work for risky business. We also offer several other financial products high-risk business need to do well.