We have been talking about diverse aspects of the high-risk merchant account industry for years and have probably reached on most, if not all, of the most deciding problems. Here are some more guides on high risk merchant services.
High-risk merchant accounts are a subset of financial services that allow companies to accept card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face limited choices in processors, plus higher fees and harsh contracts. Being named as high-risk looks terrible. But in some cases, it can be your only option.
It’s practically impossible for commerce merchants to do their business without receiving payments from credit or debit cards. Before you can take “plastic,” you have to use a payment service provider who acts as a link between you, banks, and credit card networks.
Many financial service providers do business only with with low-risk businesses, who they see as a low risk investment. That means businesses considered high-risk will have a very poorr selection of potential processors to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents.
Here are some high risk credit card processors : Focusing primarily on high-risk e-commerce businesses, eMerchantBroker claims they approve 99% of all account applications. The company has a positive reputation for transparent customer service and reliable support.
Active under various names since 1997, High Risk Pay is specifically focused on serving high risk merchants. The company offers point-of-sale equipment, ACH processing, and chargeback prevention to all of its merchants. High Risk Pay can process payments for e-commerce, travel, e-cigarette, startup, bad credit, international, high volume, and adult merchants.
We worked with all of the high risk credit card processors, to be able to compare and our pick was HRMA-LLC. They cover all business types, have a huge experience in the business, fast customer support and low fees.
Do you have a business related to Payday loan lending stores ? HRMA-LLC can help you. See extra details on Best high risk merchant account.