First off, you don’t let PayPal and its antics get you down. They just have made some new rules and they don’t necessarily work for a lot of businesses. That is horrible for the customer in one way, and very lucky in others.
First off, you can get your (high-risk merchant account) somewhere else. Let’s go shopping! You need to type into the search engine, high-risk merchant account. Several places will come onto the screen and you just need to compare and, look to make sure they are in fact a real business. You don’t want a charlatan.
• You want a merchant account servicer that does high-risk accounts.
• You are looking for a service that has many options and is not afraid of a high-risk merchant. You and your business are likely NOT a high risk. The reason for that assignment is because of the high risk of refunds.
• The reason they panic over that— Merchant servicers are held responsible for any refunds that may be due to a customer and you don’t pay them. NOT something you should do. Take refunds very seriously.
• Once you have found who you want to work with, talk with their customer live chat. You can get all your questions answered, and before you sign up, you know what you are getting yourself into. Thieves don’t usually take the time to answer questions. They just want your money and they disappear.
Why would you use anyone else?
PayPal has been in business for a while, but so have a lot of the other services and since PayPal kicked you to the curb, it’s time to find someone else that will do you a better job.
Checking them out
Find some forums to look them up. See if Angie’s List has them listed. Between the two; a few clicks and you will know whether they do what they said. People are pretty honest on those forums. If there are more good comments than bad, you have a winner.
As a newbie
Even though you had a merchant account, you need to ask if you are going to have to have a trial period. That should be something you ask before you sign on the dotted line. It’s always good to have your ducks in a row before you leap into something. This is one of those times.
If you have to have a reserve account and a portion of your debit and credit transactions are put into that account, you need to know how much and for how long. It’s just another one of those ‘be prepared’ things.
If they drop kicked you
So sorry to hear that PayPal was so rude to you and now you need to sit down and find a new merchant account servicer. Remember, that if you’re after a high-risk merchant account we’re here to help.