Do multiple Applications hurt my chances of Approval? In a previous essay, we discussed the benefits of applying for and maintaining multiple merchant accounts. Multiple MID’s provide business owners with several advantages when it comes to payment processing. Having multiple merchant accounts can be the difference between successfully running an online high-risk business or absolute
The ability to process payments is fundamental to any business. Merchants who are unable to process payments do not remain in business long. The ability to process payments online requires a live merchant account and a payment gateway. Merchant accounts can be difficult to obtain and can be suddenly closed down for a variety of
Successfully operating your online business depends on a number of factors. Chief among these is an online merchant account. This is an essential component to accepting credit card and debit card payments online. Additionally, you must also be prepared to accept a variety of alternate payment methods, including gift cards, e-Checks and Crypto based payments.
The Benefits of Utilizing Multiple Merchant Accounts One of the many challenges facing business owners accepting credit card payments today are fees. Any credit card transaction made with an online or retail business today will involve some sort of percentage rate, transaction fee and/or monthly fee. Such fees can come from various sources. These usually
What is a high risk merchant account? The very term itself – “high risk merchant” – is paradoxical because risk is at the very heart of business. The only reason businesses exist today is because at some point in the past, someone, somewhere, took a risk. And so, businesses are established in this way. But
High Risk Merchants in America Running any sort of business involves risk. Entrepreneurs know this. It is a fact of life for a High Risk Merchant in America. At every stage of the game, entrepreneurs often dare taking occasional risks in service of their vision. The act of taking a business from the concept stage
A High Risk Merchant Account is often difficult to obtain. Many of our clients are surprised to learn that their business is deemed high risk. There are many reasons why a business may be categorized as high risk. Most of it has to do with a bank’s underwriting guidelines. Each bank when considering whether or
High Ticket Merchant Accounts have High Ticket Sales. These businesses specialize in offering expensive, luxury products or services to their client base. They typically charge high prices for their products and services. Merchant Accounts that accept credit and debit cards for high dollar amounts and tend to have large transactions sizes are usually deemed as
Every business owner hopes for a high volume of business. But with success comes a whole new set of problems if you are not careful. Accepting a higher volume of credit card & debit card sales is fantastic. However, a higher volume of transactions means a greater risk of fraudulent transactions, chargebacks and friendly fraud.
If you are processing an unusually large number of transactions per month, or your transactions consist of large ticket items, you may want to consider a high volume merchant account. A high volume merchant account allows the expansion of your business to be limitless. You will be able to process an extremely large amount of