We have been writing about various points of view of the high-risk merchant account industry for a very long time and have almost sure reached on most, if not all, of the most decisive issues. Here are some more advices on high risk merchant processing.
High-risk merchant accounts are a subset of finance services that allow companies to accept 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 harsh contracts. Being named as high-risk sounds bad. But in some cases, it can be your best option.
It’s practically not possible for online shopping merchants to operate without receiving payments from credit or debit cards. Before you can accept “plastic,” you need a payment processor who acts as a link between you, banks, and credit card networks.
Lots of financial service providers do business exclusively with low-risk businesses, who they see as a safer investment. That means businesses considered high-risk will have a very poorr 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 : CardMax Payments offers flexible accounts, easy set-up, and competitive pricing. Relationships with more than 30 domestic and international banking providers help CardMax provide exceptional service and support.
eMerchantBroker.com is a Los Angeles-based credit card processor that primarily serves high risk e-commerce business types. The company’s high risk processing services include chargeback dispute resolution, an online payment gateway, ACH processing, merchant cash advance, and MOTO processing options. eMerchantBroker.com has maintained a low complaint rate since our first review of the company and appears to offer custom pricing plans depending on each business’s type and processing history.
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 large experience in the business, fast customer support and low fees.
Do you have a business related to Student loan doc prep merchants ? HRMA-LLC can help you. Read extra info at High risk merchant accounts.