Whatever kind of business you have, you require reliable charge card processing at affordable rates. Unfortunately, you can find only a few high-risk credit card merchant account providers, and also fewer that provide reliable high risk credit card processors at affordable rates.
Simply because the charge card processing sector is the lowest margin, high volume industry whose primary fear is the chance of chargebacks. Certain categories of businesses have got a historically high chargeback rate, and furthermore, as credit card processing is such a small margin industry, merchant card account companies are forced to paint having a broad brush, and generally treat any business within a “high risk industry” as high-risk, no matter the individual businesses actual chargeback or regulatory risk. Consequently, if you’ve already applied for a credit card merchant account for your business that operates in the high-risk category, it’s quite likely that you’ve been rejected by way of a traditional low risk bank card processing company. Thankfully, however, there are a few good companies that specialize in heavy risk merchant accounts.
Domestic and Offshore Options
MerchantNegotiators works jointly with a variety of sponsor banks which provide both domestic and offshore heavy risk merchant accounts. Our partners and sponsor banks offers your business rich in risk merchant services for domestic and international businesses.
Domestic High-Risk Credit Card Merchant Account Requirements:
UK or US based company entity.
UK or US based company representative.
UK or US checking account
Business operations may be based globally, including in India
Offshore High-Risk Processing Account Requirements:
Minimum $15,000 USD monthly in sales
Online or MOTO transactions only (no card present swipe)
Company might be based anywhere including India
No US or UK representative required
Pricing & Contract Terms
If you are searching for the dangerous merchant card account, the first thing you’ll notice is that you have significantly fewer options, and that those options range between slightly pricey to extremely expensive. If you’d want to better understand your choices give us a call via email us today for any free consultation to go about your very best alternatives for establishing a processing account for your high risk business. We’ll discuss the following:
Discount Rates including 1.95% to 12.00%
Authorization Rates ranging from: $.20 to $1.00
Fees Each Month: Rates including $5.00 each month to $249.00 each month
Other Contract Terms:
Rolling Reserve requirements starting from: % rolling reserve, to 25% rolling reserve
Holdback Periods: Requirements which range from 21 days, to 1 day.
Contract Length: Month to Month is available
No Application Fee
Direct funding with regular deposits (either daily or weekly depending on offshore v. onshore)
Through our partner’s sponsor banks, we can offer dangerous companies the next additional benefits:
On-site expert underwriting
Pricing Breakdowns: Overall Cheapest Pricing Quote Analysis
Multiple currency acceptance and deposits
Appropriate for most major gateways and shopping carts
Visa / MasterCard / American Express Acceptance
MOTO (phone / mail), eCommerce, and swipe accepted.
Compatibility with 50 processing gateways
Integration help with over 100 shopping carts
Chargeback prevention & avoidance
Online Gateways with chargeback prevention / screening
Varieties of High-Risk Businesses Accepted:
MerchantNegotiators, through its partners, provides merchant accounts for a wide array of high risk businesses. If you’re unclear whether your company falls in a high risk industry, it 81dexlpky be useful to first look at this listing of high risk businesses from the high risk provider. Generally, however, the category of high risk includes firms that match the following criteria:
Both startup businesses and existing businesses
Previously rejected or dropped by another processor
High chargeback or less-than-perfect credit merchants
Merchants with long lead times before delivery or large tickets
Merchants who appear on the TMF or Match List
Processing Minimums: $ Minimum for Domestic Accounts, $50,000 for Offshore Accounts
Domestic (US entity, US business representative, US checking account) and Offshore