It is an entrepreneur’s job to take risks. But every risk contains the potential for multiple outcomes,success and failure being the most extreme. With risk, like truth, the final outcome is usually to be found in the middle between extremes. An entrepreneur who understands this must be prepared to deal with banks and financial institutions that label clients who fall within that middle ground as “high-risk.”
The act of seeking and using business credit is an act of faith – one that is not always rewarded. A credit rating compromised by either mismanagement or bad luck can make businesses seem like unsafe bets for banks cautious about organizations they suspect might fold or go bankrupt before paying their debts. In these circumstances, entrepreneurs and business owners face the paradox of being penalized for their willingness to take risks with the possibility of mixed outcomes.
The penalties a business can suffer for its willingness to take chances is called the Risk Paradox.
A high-risk business faces unique challenges when it comes to obtaining financial services. The Risk Paradox is one that SecureGlobalPay understands and is prepared to navigate with clients. Communication is key to this process. Each client has a story to tell – a quest for success that balances risk against the expectation of reward. Clients seeking a relationship with SecureGlobalPay and our flagship financial services will receive a fair and complete hearing.
Businesses with less-than-perfect credit or a history of bankruptcy deserve the same consideration as any other. Whether you are a start-up with no credit history, a merchant that has amassed chargebacks or one whose bank services have been terminated for some reason, SecureGlobalPay offers a business framework and customized pricing structure that will fit your budget while positioning you to begin reclaiming the credit standing you deserve.
Certain businesses are more prone to the Risk Paradox than others, but the businesses that face the greatest risk also hold potential for the greatest reward. SecureGlobalPay understands the Risk Paradox inherent in different types of organizations. Our experience and adaptability enables us to offer a variety of services to businesses across the spectrum of industry.
SecureGlobalPay enables merchants – even ones with a poor credit history – to reach clients and reap the benefit of their patronage. From point-of-sale solutions to high-volume, ACH and instant check processing, SecureGlobalPay ensures all operational needs are met and provides client support services 24-hours per day, 7 days per week.
Every business deserves equal access to customers in the global market. SecureGlobalPay is your ally in processing credit card transactions worldwide. Your location, your credit history, the size of your staff or the nature of your market are no obstacle for SGP, and neither is your industry. In addition to those businesses more traditionally associated with the online environment, SGP provides solutions for merchants in such emerging fields as adult entertainment, e-gaming, eBooks and the nutraceutical industry.
SecureGlobalPay understands that, like an economy that is strengthened by successful businesses, successful businesses are strengthened by credit. Credit is a tangible symbol of the faith placed in a business by clients and financial institutions, and so poor or no credit automatically flags fledgling or troubled businesses as high-risk. Turning businesses from high-risk prospects to success stories means confronting the Risk Paradox. Let SGP help you navigate.
SecureGlobalPay recognizes the reasons why certain businesses and industries are considered high-risk. By pairing your story – your “account” – with an understanding of the Risk Paradox, we develop strategies that enable you to access the market.
Businesses with poor credit or a history of chargebacks (charges disputed by the cardholder for a number or different reasons that can not get resolved internally between merchant and customer) face higher processing fees as well as a greater likelihood of having their ability to process credit card payments suspended or reserved. If getting penalized by a willingness to take risks characterizes one side of the Risk Paradox, then an inability to access the market via merchant financial services represents the other.
An understanding merchant services provider with a willingness to customize both strategy and pricing to suit your needs represents the best solution to continued growth and eventual success. Let SecureGlobalPay be your guide.