How Merchants can Avoid Chargebacks
Chargebacks are designed to be anti-merchants with most banks preferring to refund the customer first and asking questions later, really. The merchants (thousands of them) usually end up having to pay extra in the form of chargeback processing fee and the difference in exchange rates in case of online merchants dealing with different currencies. This post discusses 10 steps that can help merchants avoid chargebacks. Rad on!
Continue Reading →Understanding Chargebacks
If you use a low/high risk merchant account or intend to use one in near future, it’s important that you understand what chargebacks are and the underlying causes. While this post is certainly not a comprehensive guide on the subject, it sure expounds the essential wisdom that can come really handy for merchants, especially those operating in the online space. Read on!
Continue Reading →5 Ways to Save on Credit Card Processing
Running an online business these days becomes utterly impossible without being able to accept payments through credit cards. Credit card processing fees can really munch on a major chunk of profits of a business (it can seriously dent profit margins of a small business). If you are a small business looking to save on the credit card processing, you’ve landed on the right page. Read on!
Continue Reading →Do you need a second high risk merchant account?
With growing popularity of high risk merchant accounts, many businesses have become overly aggressive. They are now investing in multiple high risk merchant accounts for added security, but, they are forgetting that we live in a relatively small world, where having multiple payment processors can eventually mean more paper work and more manipulation of funds.
Continue Reading →What kinds of businesses require a High Risk Merchant Account?
The degree of risk involved in processing payments received from customers varies considerably from one merchant to the other. You’re classified as low-risk or high risk merchant (HRM) depending upon the financial risk an acquirer or a payment processor (a banking institution, for example) is exposed to. Read on to find out if you’re an HRM and therefore, require a high risk merchant account.
Continue Reading →How I Can Choose Best High Risk Merchant Account Services
A higher approval rating is not the only factor that you should consider when choosing a high risk merchant account service provider. There’s more! Customer service, less surcharge, smooth application process and quick check processing are few parameters that you need to take a good look at. Read on to learn more!
Continue Reading →5 Points to Consider When Selecting the Best Merchant Account for Your High Risk Business
If you are a business which intends to accept credit cards or debit cards from you customers, you will need a merchant account no matter what kind of a business you are. Established under an agreement between the card acceptor and the acquirer (financial institution), the Merchant Account is created for the settlement of payment of the transaction by card.
Continue Reading →Multiple High Risk Merchant Accounts – What’s the Catch?
Multiple High Risk Merchant Accounts – What’s the Catch? On the surface, it may appear as if having multiple accounts for high risk payment processing is going to cost you more. Everyone tends to look at it that way. The fact of the matter, however, is that multiple accounts can actually help you cut processing […]
Continue Reading →Managing Your High Risk Merchant Accounts
Managing Your High Risk Merchant Accounts There is nothing better than opening a high risk merchant account for businesses operating in high risk environments. It solves the purpose for such risk prone institutions and their dealers for a long term. However, the real ordeal begins after opening one such account. High risk merchant accounts are […]
Continue Reading →How to Open a High Risk Merchant Account
How to Open a High Risk Merchant Account Opening and maintenance of specialized accounts is now hassle-free. Businesses dealing in travel and cruise, e-commerce, forex, casino, business process outsourcing telemarketing etc. are considered to be working at extreme risks and they’re the ones who can benefit from such solutions. Why rely on High Risk Merchant […]
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