We have been writing about multiple properties of the high-risk merchant account industry for many months and have almost sure touched on most, if not all of them, of the most decisive problems. Here are some more guides on high risk merchant account processor.
High-risk merchant accounts are a group of financial services that allow companies 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 limited options in processors, plus higher fees and harsh contracts. Being considered as high-risk sounds terrible. But in some cases, it can be your best option.
It’s practically not possible for eCommerce merchants to operate without having enabled as payment type the credit or debit cards. Before you can take “plastic,” you need a payment processor who acts as a liaison between you, banks, and credit card networks.
Many financial service providers 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 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 : With flexible multi-currency accounts, Durango Merchant Services works with both US and international merchants. The company has earned high marks for its outstanding customer service and customized pricing plans.
Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for most general business types as well as domestic high risk merchants. The company’s products and services include point-of-sale solutions (with specific packages for the restaurant, salon, professional service, and contractor sectors), online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, merchant cash advance, and offshore merchant accounts. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to new merchants who require them. The company has received exclusively positive feedback on public forums, with most reviewers singling out the company’s customer service for praise.
We did transactions on 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 Travel club membership sales ? HRMA-LLC can help you. See extra details on High risk merchant processing.