We have been discussing about various points of view of the high-risk merchant account industry for many years and have probably touched on most, if not all of them, of the most deciding issues. Here are some more guides on high risk credit card processing.
High-risk merchant accounts are a collection of finance services that enable businesses to receive 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 raised fees and harsh contracts. Being named as high-risk looks bad. But in some cases, it can be your best option.
It’s practically impossible for commerce merchants to do their business without receiving payments from credit or debit cards. Before you can accept “plastic,” you have to use a payment service provider who acts as a link between you, banks, and credit card networks.
Many financial service providers do business only with with low-risk merchants, who they see as a safer investment. That means businesses considered high-risk will have a limited 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 : Soar Payments provides excellent customer service along with a good selection of pre-planned service packages. The company strives to be transparent in its costs, providing simplified, “no-haggle” pricing.
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 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 large experience in the field, fast customer support and low fees.
Do you have a business related to High risk ach processing ? HRMA-LLC can help you. See extra details on High risk credit card processing.