We have been discussing about various properties of the high-risk merchant account business for many months and have most likely touched on most, if not all, of the most decisive issues. Here are some more advices on high risk merchant services.
High-risk merchant accounts are a subset of finance services that enable firms to receive card payments from customers. 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 strong binding contracts. Being labeled as high-risk looks bad. But in some scenarios, it can be your only option.
It’s practically not possible for online shopping merchants to operate without receiving payments from credit or debit cards. Before you can accept “plastic,” you need a payment service provider who acts as a liaison between you, banks, and credit card networks.
Lots of financial service providers do business only with with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a very poorr selection of potential payment services 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 : Soar Payments provides excellent customer service along with a good selection of pre-planned service packages. The company strives to be transparent in its costs, providing simplified, “no-haggle” pricing.
Payline Data is one of the best overall credit card processors on the market for retail businesses because of their competitive pricing that can scale for small and large businesses. They provide resources select high risk businesses as well. Payline has a shorter list of busineses it is willing to work with than most other processors on our list. For Payline, they are willing to work with companies that deal with: Adult Products, Adult Video, E-Cigarettes, Firearms, Gadget Repair, House Rental companies, Information Marketing (Real Estate Based and Tech Support/PC Support, Nutraceuticals, Tour companies, Travel, Used Cell Phones and Other Technology, and Vaporizers.
We used 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 vast experience in the field, fast customer support and low fees.
Do you have a business related to Telemarking call center industry ? HRMA-LLC can help you. See more details on High risk merchant account processor.