What Makes a Merchant Account “Risky”?
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 has a set of guidelines…
Read MoreAre You a High Risk Merchant?
What Makes a Business Risky? Every day, banks turn down online merchants that have excellent credit scores, good reputations, and solid revenue streams because they don’t have bricks-and-mortar businesses or enough assets. Banks classify these companies as high-risk merchants because there is a greater chance that these businesses disappear or go bankrupt before they pay back their…
Read MoreObtaining an Educational Seminar Merchant Account
Speedy technological changes and advancements and overall shorter product life cycles have altered the skills that employees and managers need. To stay in front of these changes, workers need to sharpen their skills and gain new ones by attending educational seminars, like business coaching and management training sessions and workshops. As more businesses have accepted…
Read MoreHow to Create a Budget for Your Small Business
Learning to manage a budget for your small business is no easy task. Oftentimes a small business does not receive a fixed income. Instead they must deal with the monthly income fluctuations that are oftentimes seasonal. Most small businesses refer to these income peaks and valleys as “feast or famine.” The unpredictability of income may…
Read MoreHigh Risk Processing for Multi-Level Marketing
In the 1980s and 1990s, the direct selling industry soared with multilevel marketing (MLM) companies selling everything from cosmetics to kitchen tools to lingerie. MLM is when an individual becomes a product distributor and gets paid a commission on the sales made by other distributors he or she recruits. Before the internet, MLM marketers hosted…
Read MoreOnline Firearms Sales Merchant Account
On average, more than 3.4 million rifles, shotguns, revolvers, and pistols are produced each year, according to a May 2017 report by the Statistic Brain Research Institute. The gun and ammunition manufacturing industry brings in annual revenues of $11 billion and 32% of U.S. households own guns. Though there is no doubt that online firearm sales…
Read MoreHigh Risk Merchant Accounts for Online Electronics Business Merchant Account
According to the think tank, Pew Research Center, 46% of smartphone owners said, “they couldn’t live without” it, according to the Pew Research Center. Not surprising since smartphones are the only way some people tap in to the internet, using it for everything from making reservations and applying to jobs to checking out social media to…
Read MoreGetting a VoIP and Telecommunications Merchant Account
In 2018, the mobile Voice over International Protocol (VoIP) market was predicted to reach $16.5 billion in Europe and $9 billion in the United States, according to Statista. The market is projected to continue to soar through 2024, when it is to reach $46.5 billion in Europe and $23.5 billion in the U.S. Voice over International…
Read MoreAdult Merchant Accounts
Frequently asked questions about adult merchant accounts: How to get an adult merchant account? Why not use an online payment system instead of credit cards? Are all types of adult businesses accepted? What are the application requirements? What to expect during an adult merchant application review? What happens after approval? Ways to get a credit…
Read MoreGetting a High-Ticket Merchant Account
No matter what people are buying, they are often looking for best deal, making selling expensive or luxury items and services a competitive business. Selling these products and services online is even more difficult. When a business is selling items that start in the hundreds of dollars and can top out in the thousands, any…
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