Merchant Account Glossary Terms
High-Risk Merchant Account Providers – Specialize in Approvals
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
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?
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
High-Risk Merchant Processing Accounts for Businesses
All business ventures come with an amount of risk; but some businesses pose a bigger risk than others. SecureGlobalPay high-risk merchant processing specializes in the approvals of high-risk category merchant types with high chargeback ratios. Businesses that pose a higher risk than others are usually businesses associated with a high percentage rate of chargebacks and
High-Risk Payment Processors – Factors to Consider
High-risk payment processors are those top-shelf acquirers that process payments for merchants that have a higher risk of chargebacks, fraud, and other potential problems. High-risk merchant payment processing is a specialized niche and working with seasoned professionals is always a merchant’s best chance of approval. High-risk payment processors primarily focus on high-risk high volume merchant
Credit Card Processing | How to Calculate Basis Points
Occasionally, a lot of effort must be put into negotiating with a credit card processor if you are looking for the best overall deal. Price should never be the most important factor. However, understanding the units of measure used to determine what you pay is of utmost importance. Learn how to calculate basis points and
How to Calculate Bps With Interchange Plus Pricing
Understanding how pricing and payment processing works in the credit card industry can be very confusing. Learn how to convert basis points to a percentage rate and properly calculate bps when reviewing your merchant pricing. For business owners who have no on how idea on how to calculate basis points into a percentage rate, it
Credit Card Brand Fees & Credit Card Fees
Processing credit card transactions for your online business involves overcoming numerous obstacles. You must maintain good records, provide solid customer service and be prepared to deal with the challenges posed by fraud, theft and chargebacks. You must also be able to understand your payment processing fees. Understand payment processing fees in general and the difference
Chargeback Protection: How to Prevent Disputes
Each transaction involves a certain amount of risk. Purchasers often risk dissatisfaction or disappointment upon receiving a product or service. And merchants always risk the possibility of a customer dispute or fraud. Learn the fine art of Chargeback Protection and How to Prevent Disputes. This risk is not always dependent upon the type of business
How Much are High-Risk Merchant Account Fees?
Many businesses may seem totally safe and uncomplicated to you and me. However, some of these business types can often be considered high-risk by sponsoring banks and credit card processing companies. A better understanding of high-risk merchant account fees when entering into a merchant agreement will go a long way. High-risk merchant account fees and