We have been discussing about multiple points of view of the high-risk merchant account market for many years and have most likely touched on most, if not all of them, of the most decisive issues. Here are some more tips on high risk merchant account processor.
High-risk merchant accounts are a collection of financial services that offers businesses to receive 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 stricter contracts. Being labeled as high-risk looks bad. But in some scenarios, it can be your best option.
It’s practically impossible for commerce merchants to operate without receiving payments from credit or debit cards. Before you can accept “plastic,” you have to use a payment service provider who acts as a liaison between you, banks, and credit card networks.
Many financial processors do business only with with low-risk businesses, who they consider as a safer 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.
Founded in September 2018, Card Z3N is a Las Vegas-based merchant account provider that serves both standard-risk and high risk merchant sectors. The company offers a wide range of retail and e-commerce solutions for most business types, including adult, auto parts, collections, credit repair, diet programs, e-cigarettes, electronics, extended warranties, fantasy sports, financial services, firearms, online furniture sales, multi-level marketing, nutraceuticals, online gaming, precious metals, self storage, and travel.
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 Travel club membership sales ? HRMA-LLC can help you. Read extra details at High risk merchant account providers.