If your business is associated with a degree of risk, you need to obtain a high risk merchant account. This means you need to apply for a certain type of business bank account from a reputable high risk merchant processor. Let’s dig deeper into the topic and see who can help you with secure and low cost merchant processing services.
High Risk Credit Card Processing
A high risk merchant account is a payment processing account that businesses in the high risk field need to acquire if they want to accept payments online.
Merchants operating online very often get rejected by banks even though they lack poor credit scores and bad reputations, and have the necessary revenue streams. The reason why banks shy away from them is that these merchants lack bricks-and-mortar businesses or don’t have enough assets.
Banks put these merchants into the high risk category because of the risks associated with this type of businesses. What if they disappear or go bankrupt before without paying back their debts.
When it comes to the high risk classification, merchants may get it because of the average transaction volume, industry type, typical chargeback rate, fulfillment timeframes, or due to subscription-style payments. Any of these factors will put your business into the high risk category.
High Risk Merchant Accounts From eMerchantBroker.com
If you’re running a speculative business as banks like to call it, you should find a respectable credit card processing company that guarantees speedy, secure, and cheap transactions. That’s where eMerchantBroker.com steps in. EMB’s professional team offers safe and low cost payment processing for online businesses and offshore merchants around the globe.
EMB is offering cutting-edge services designed for high risk credit card processing. With EMB, you can enjoy the most advanced software/hardware and solutions that are most relevant to your customers’ purchasing wants and needs.
One of the main reasons why merchants choose to work with eMerchantBroker.com is that EMB is always there when the customers need it most. eMerchantBroker.com is a BBB Accredited Business and carries an A+ rating.
To sum up, mainstream providers of merchant services and high street banks tab some businesses as high risk. This could be for more than one reason such as offshore operation, high-fraud sector, a higher level of chargebacks, and more.