Before a Telemarketer Chooses a High Risk Merchant Account

Choosing a high risk merchant account is a tricky process. While it may look straightforward at first, as say is the case with a normal account, a high risk merchant account is not the same. The nature of your business may require certain exclusive functionalities that the account offers. Additionally, high risk merchant accounts should be able to deal with the business type they handle.

Choosing the correct telemarketing merchant service can be tedious, but here are some factors you should consider while choosing one:

Expansion – Your merchant account should provide the opportunity for the business to expand. As part of this, the account should support multiple currencies and should have business acceptance in most countries around the world.

Chargebacks – One of the key issues that any business that takes payments online faces is related to the charge backs. Ideally, your merchant account should be lenient in its chargebacks policy. Telemarketing merchants can be susceptible to a great number of chargebacks. There should be comfortable upper limit on the number of chargebacks you may have to deal with.

Cards – Needless to say, as you intend to deal with multiple currencies, your merchant should be able to process all credit card types.

Interface and security – The processing gateway is often definitive of the complete user-experience. It is therefore imperative that your merchant has a gateway which is simple and quick. You don’t want your customers discouraged from going through the payment process. Additionally, your merchant gateway should have a sound security framework in place and a regular customer helpline.