We have been discussing about multiple properties of the high-risk merchant account market for years and have probably reached on most, if not all, of the most decisive problems. Here are some more guides on high risk credit card processing.
High-risk merchant accounts are a subset of financial services that offers businesses to receive card payments from customers. 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 reduced options in processors, plus raised fees and harsh contracts. Being labeled as high-risk sounds terrible. But in some cases, it can be your only option.
It’s practically impossible for eCommerce merchants to operate without receiving payments from credit or debit cards. Before you can take “plastic,” you have to use a payment processor who acts as a link between you, banks, and credit card networks.
A lot of financial processors do business exclusively with low-risk merchants, who they consider as a low risk investment. That means businesses considered high-risk will have a very poorr selection of potential payment services 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 : Focusing primarily on high-risk e-commerce businesses, eMerchantBroker claims they approve 99% of all account applications. The company has a positive reputation for transparent customer service and reliable support.
Founded in September 2018, Card Z3N is a Las Vegas-based merchant account provider that serves both standard-risk and high risk merchant sectors. The company offers a wide range of retail and e-commerce solutions for most business types, including adult, auto parts, collections, credit repair, diet programs, e-cigarettes, electronics, extended warranties, fantasy sports, financial services, firearms, online furniture sales, multi-level marketing, nutraceuticals, online gaming, precious metals, self storage, and travel.
We used 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 huge experience in the business, fast customer support and low fees.
Do you have a business related to Loan consolidation companies ? HRMA-LLC can help you. See extra details at High risk merchant account services.