We have been talking about diverse aspects of the high-risk merchant account industry for many months and have almost sure 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 subset of finance services that offers 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 reduced choices in processors, plus raised fees and harsh contracts. Being named as high-risk looks terrible. But in some cases, it can be your only option.
It’s virtually not possible for commerce merchants to do their business without accepting credit or debit cards. Before you can take “plastic,” you need a payment service provider who acts as a liaison between you, banks, and credit card networks.
Lots of financial processors do business only with 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 : Instabill offers PCI compliant solutions–including online payment gateways–and a global reach. They work with all major credit card schemes and their solution supports international currencies, including British pounds, euros, and more.
Payline Data is one of the best overall credit card processors on the market for retail businesses because of their competitive pricing that can scale for small and large businesses. They provide resources select high risk businesses as well. Payline has a shorter list of busineses it is willing to work with than most other processors on our list. For Payline, they are willing to work with companies that deal with: Adult Products, Adult Video, E-Cigarettes, Firearms, Gadget Repair, House Rental companies, Information Marketing (Real Estate Based and Tech Support/PC Support, Nutraceuticals, Tour companies, Travel, Used Cell Phones and Other Technology, and Vaporizers.
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 vast experience in the field, fast customer support and low fees.
Do you have a business related to Debt consolidation industries ? HRMA-LLC can help you. See more info on High risk merchant account processing.