Irrespective of what kind of company you have, you will need reliable charge card processing at affordable rates. Unfortunately, you will find only a few high-risk credit card merchant account providers, as well as fewer that supply reliable high risk payment processing at affordable rates.
This is because the bank card processing marketplace is a low margin, high volume industry whose primary fear is the risk of chargebacks. Certain types of businesses use a historically high chargeback rate, and since visa or mastercard processing is such a small margin industry, merchant account companies are forced to paint by using a broad brush, and customarily treat any business within a “high risk industry” as high-risk, irrespective of the individual businesses actual chargeback or regulatory risk. Consequently, if you’ve already requested a merchant account to your business that operates inside a high-risk category, it’s quite likely that you’ve been rejected by a traditional low risk credit card processing company. Thankfully, however, there are several good companies specializing in dangerous merchant accounts.
Domestic and Offshore Options
MerchantNegotiators works together a number of sponsor banks that provide both domestic and offshore dangerous merchant accounts. Our partners and sponsor banks can offer your small business rich in risk merchant services for domestic and international businesses.
Domestic High-Risk Processing Account Requirements:
UK or US based company entity.
UK or US based company representative.
UK or US checking account
Business operations can be based globally, including in India
Offshore High-Risk Merchant Account Requirements:
Minimum $15,000 USD per month in sales
Online or MOTO transactions only (no card present swipe)
Company can be based anywhere including India
No US or UK representative required
Pricing & Contract Terms
If you are looking for any high risk processing account, the very first thing you’ll notice is that there are significantly fewer options, and this those options range from slightly pricey to expensive. If you’d like to better understand your options give us a call via email us today for any free consultation to talk about the best selections for establishing a merchant card account for the heavy risk business. We’ll discuss the following:
Discount Rates which range from 1.95% to 12.00%
Authorization Rates starting from: $.20 to $1.00
Monthly Fees: Rates ranging from $5.00 per month to $249.00 a month
Other Contract Terms:
Rolling Reserve requirements including: % rolling reserve, to 25% rolling reserve
Holdback Periods: Requirements which range from 21 days, to 1 day.
Contract Length: Month to Month is offered
No Application Fee
Direct funding with regular deposits (either daily or weekly depending on offshore v. onshore)
Through our partner’s sponsor banks, we are able to offer high risk companies these additional benefits:
In-house 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
Types of High-Risk Businesses Accepted:
MerchantNegotiators, through its partners, offers merchant makes up about a wide array of high risk businesses. If you’re not sure whether your organization falls in to a heavy risk industry, it 81dexlpky be useful to first check out this listing of dangerous businesses from the dangerous provider. In general, however, the course of heavy risk includes businesses 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 show up 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