We have been discussing about various points of view of the high-risk merchant account market for many years and have most likely reached on most, if not all of them, of the most deciding issues. Here are some more guides on high risk merchant processing.
High-risk merchant accounts are a collection of finance services that enable businesses to receive card payments from clients. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. High-risk merchants face limited choices in processors, plus higher fees and strong binding contracts. Being labeled as high-risk looks terrible. But in some cases, it can be your best option.
It’s virtually not possible for online shopping merchants to do their business without accepting credit or debit cards. Before you can take “plastic,” you have to use a payment service provider who acts as a liaison between you, banks, and credit card networks.
Lots of financial processors do business exclusively with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a limited selection of potential processors to choose from. Any processor you approach will take a careful, detailed look at your business to determine if you fall under their definition of “high risk,” based on the financial risk your company represents.
Here are some high risk credit card processors : Cayan has a reputation for helping businesses develop more meaningful customer connections through cutting-edge payment solutions. They’re also known for reasonable pricing, and not requiring an early termination fee (ETF).
Active under various names since 1997, High Risk Pay is specifically focused on serving high risk merchants. The company offers point-of-sale equipment, ACH processing, and chargeback prevention to all of its merchants. High Risk Pay can process payments for e-commerce, travel, e-cigarette, startup, bad credit, international, high volume, and adult merchants.
We worked with all of the high risk credit card processors, to be able to compare and our pick was HRMA-LLC. They cover all business types, have a vast experience in the business, fast customer support and low fees.
Do you have a business related to Student debt relief merchants ? HRMA-LLC can help you. See extra info at High risk merchant account providers.