When opening a merchant account you are doing several things for you and your business. Not only will you be able to process credit cards twenty four hours a day, (if you have that type of online business), but you get many benefits from the merchant servicer as well.
As soon as you have been approved you begin reaping the rewards that you didn’t have otherwise. You now have access to a worldwide market and cost effective Ecommerce solutions. You are now protected from credit card scams and have fraud protection. You also, of course, have high risk credit card processing services. But this is a given, since you just opened a high risk merchant account.
It’s not the twilight zone
Although, it may feel like you just entered into another universe, because of all the new things that you get to learn. Like the Online Reporting Facility for any difficulties or your new SSL Encrypted Servers. You have a highly sophisticated infrastructure to work with as well as a safe and simple API Structure. Your Gateway for processing cards is safe and secure, and you have many options to choose from.
Do you want
Do you want to just process credit/debit cards or do you want to add ACH check payment options? Also known as Electronic Check, it will give your customers an added payment option that they don’t normally have. Options are always good for customers as well. They enjoy knowing that they have more than what they expected.
If you are going to be a worldwide market for your services, you will also have the option of multi-currency. You really can’t sell world-wide without it. So aren’t you the lucky devil. You just stepped into so many things to consider and it does not end there.
All major things
Of course, you get to accept all major credit cards from the entire planet and then all those currencies are adjusted to pay you in the money that you accept where you live. How convenient is that? It also may cost a small fee, but don’t let that set you back.
You also get to have bank wire options, direct debit options and ELV. ELV is an electronic payment method used in Germany. They call it Elektronisches Lastschrift Verfahren. That’s why you get to have your currency modified to go into your bank in your countries money. So many options to choose from, can you believe it?
So many benefits
By applying and getting accepted into a high risk merchant account, you simply step into a whole new world of benefits. The merchant account servicer has you covered. Whether it’s from the processing of the accounts and cards, or helping you get your cash into your bank account, they have the benefits ready for you to enjoy. You only need to follow a few rules and take care of your customers. It really isn’t that hard to do, and it helps everyone in the process.