Lets Understand The US High Risk Merchant Account Services .pdf
Original filename: Lets Understand The US High Risk Merchant Account Services.pdf
Title: Lets Understand The US High Risk Merchant Account Services
Author: Merchant Account
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Merchant Stronghold is the #1 High Risk Merchant
INTRODUCTION ABOUT HIGH
RISK MERCHANT ACCOUNT
When Business is established and applies for a
payment gateway at the Bank, they get approved
or disapproved from the risk departments
considering the business to be high risk business or
Low risk business. There are few reasons why any
business can be considered as a high risk business.
SOME OF THE RISK FACTORS THAN MAKE
A BUSINESS HIGH RISK ARE AS FOLLOW :
You have lost your previous merchant account due to high
Questionable sales and marketing tactics
Potential legal and financial liability
Your credit is really bad.
An industry is known for excessive chargebacks or fraud
Trial continuity business
Previous credit card processing is not good enough
You’ve been branded as a terminated merchant (TMF).
Lets Understand The High Risk merchant
It is important to note, that this high risk merchant account
categorization is based on your business’ industry, regardless
of your individual businesses’ track record. Additionally, the
high risk category includes businesses who have been
dropped by a previous credit card processor, businesses that
are on the MATCH or TMF list, companies whose owners
have bad personal credit or low credit scores, or businesses
who are based outside the US.
Common High Risk
While any business with bad personal or business credit
scores, a high chargeback history, a startup, or high
frequency or high average tickets can be considered high risk
on an individual basis, the majority of high risk businesses
are labeled as such by the industry they operate in.
Some examples of high risk
Financial Aid Consulting
Fine & Cosmetic Jewelry
+1 (888) 622 - 6875
+1 (844) 465 - 4723
10300 49th Street N Suite 427
Clearwater, Florida 33762