Operation Choke Hold, the federal program that was originally set up to help eliminate fraudulent business activity is having a bigger effect on all businesses, but especially businesses labeled “high risk”. These businesses are getting the worst of this program; in fact, many have had their banking and processing accounts shut down, even if they are operating a legitimate business. This program means well, but it is damaging small businesses at an alarming rate. However, by choosing the right high-risk credit card processor, you can lessen your chances of being another victim of Operation Choke Hold.
Operation Choke Hold was enacted in 2013, and as of this writing has resulted in over 50 subpoenas related to illegal processing operations. These mainly come from high-risk companies, which do tend to have more than their fair share of fraudulent transactions. While it is up to the business owner to try and catch activity that looks suspicious, it is not always possible. Therefore, many of these companies that have been closed were not doing anything wrong. They were simply caught up in what the government thought would be a quick way to help eliminate fraudulent activities. While it seems that all high-risk merchants are doomed to eventually be caught up in this process, it can be avoided by choosing a good high-risk credit card processor.
These processors, such as eMerchantBroker.com (EMB) are leaders in the high-risk account industry. EMB knows what risks the risks involved with being a high-risk merchant, and they specialize in dealing with these risks. Traditional processors and banks may not be familiar with the potentially large number of chargebacks, or the high volume of transactions that a high-risk merchant can bring in. With EMB you are not charged more due to your higher risk, as you would be with other processors. You are also eligible for the latest terminals and technology, which is not always possible with a mainstream processor or bank. Above all, EMB can help protect your company from outside risks that can harm your business, such as Operation Choke Hold.
Being a high-risk merchant is hard enough, even without the risk of being shut down by Operation Choke Hold. However, in order to help keep your high-risk credit card processing on the right track, you will need the services of a high-risk credit card processor, such as EMB. With EMB, you can be assured that your company – and its transactions – are safe from interference.
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