Merchant Account Glossary Terms
How Much Does It Cost to Process Credit Cards?
| September 1, 2022
Partnering with a credit card processing company and payment services provider is a great option for growing your business and increasing revenues. However, when business owners first start thinking about accepting non-cash payments, the first question that comes to mind is, “how much does it cost to process credit cards?” What are the advatanges and
High-Risk Merchant Account | High-Risk Credit Card Processing
| November 17, 2021
A high-risk merchant account is an account that is vulnerable to fraud and chargebacks. Payment processing companies arrive at this conclusion after looking at a number of factors which include the nature of business and financial history. A business that requires a high-risk merchant account and high-risk credit card processing service attracts plenty of risks.
Benefits of High-Risk Merchant Accounts
| November 15, 2021
Many startups and small businesses will probably never hear of the term “high-risk merchant account” until their enterprises have been categorized as such. It can be confusing at first, and in some cases, it could feel like an unfair judgment against the products you offer, the services you provide, your business, or yourself. This is
High-Risk Merchant Account Authorize Net
| November 10, 2021
Digital payments are on the rise with online payment platforms such as Paypal and Stripe seeing a massive increase in customer usage. However, according to research, most consumers still prefer traditional card services as their payment service provider. Even with online purchases dominating today’s marketplace, savvy entrepreneurs with hard-to-place business types use a high-risk merchant
High-Risk Merchant Account Credit Card Transactions
| November 3, 2021
A high-risk merchant account refers to a payment processing account for enterprises deemed to be of high risk by financial institutions. High-risk businesses are more prone to fraud, refunds, and chargebacks and hence come with the requirement to pay higher fees for merchant services. Additionally, finding reliable high-risk merchant account credit card transactions services can
High-Risk Merchant Account Approval
| November 1, 2021
A high-risk merchant account is a merchant account provided to a business that a payment service provider perceives to be at a greater risk of chargebacks and fraud. Payment processors make this decision based on several factors. These include the nature of the business, its location, and its financial history. If you require a high-risk
How Much is 40 Basis Points | Calculating Bps
| September 22, 2021
Accepting credit card payments for your business comes as a cost. How much is 40 basis points? Read below and we’ll help you understand what you are paying in Bps processing fees when being charged interchange plus pricing for your merchant services. Pricing for merchant services can seem confusing. Merchants need to realize that getting
High Risk Merchant Account Providers | What to Know
| September 13, 2021
A merchant account is needed for businesses to accept and process card payments. However, businesses that are deemed high risk are not allowed to open traditional merchant accounts. High-Risk merchant account providers specialize in the approval of higher risk business types and high risk category merchants. High risk industries require a different approach when it
Basis Points Conversion for Credit Card Processing Rates
| September 6, 2021
Business owners have many things to worry about when it comes to successfully running a business. However, accepting credit card payments while truly understanding the costs associated with merchant services in general should be of significant importance. Learn how the basis points conversion calculation helps determine the actual percentage rate paid when accepting payments for
High-Risk Merchant Account Instant Approval: Is It Possible?
| August 20, 2021
When it comes to picking a payment processing provider, do not be swayed by claims that they can open your high risk merchant account instantly. A high-risk eCommerce merchant account instant approval does not exist. If you are looking to accept high-risk credit card payments, you will need to practice some patience as the amount