Qualities of High Risk Merchant Accounts
High risk businesses are those that have very high volumes of business and sometime operate in environments where card is not presented. At AMSLV, we offer a wide network of offshore and international acquiring banks for setting up a merchant account with.
When a high risk merchant comes to us, we ensure he gets a merchant account, somewhere or the other. Your business might be suffering from low volumes, bad credit card history or charge back ratios. Don’t fret, at AMSLV, we can match you with the right bank.
Lets us read more about qualities of High Risk Merchant Accounts –
Provision for Offshore Banking
High risk businesses can acquire partners that are located offshore. It has been seen that the rules and regulations are not so stringent there and the approval process is swift. The advantages of offshore accounts are-
- Tax restrictions are fewer and an approval on applications does not take much time. Businesses that deal in online gambling, adult services and other high risk categories can hugely benefit from this
- When a high risk merchant account is opened in a bank located offshore, it allows the merchant to do business in multiple currencies. This means that a customer sitting in any corner of the world will have access to the merchants business.
Business with No Definite Categories
There are certain sellers whose business does not fall in a particular category, and hence fall in the high risk category. Such merchants can take advantages of offshore and domestic banking solutions. Such businesses should look for a reliable company like AMLSV, who can match such businesses with the ideal bank for them.
Businesses with Unlimited Or High Volumes
Businesses that fall in this category often face volume restrictions from banks. Such high risk merchants should look for a merchant account provider that allows them to do business without restriction on the volumes.
Customer Service Around The Clock
It is essential that merchants with businesses that fall in the high risk category should go for only that merchant account provider that offers 24/7 customer support. A good customer and technical support team will ensure that the merchant has all the support to grow his profits and business.
Security measures in place
Merchants that fall in the high risk category should ensure that they have all security measures in place, to ensure that their business is protected from spammers and hackers at all times. High risk merchants need to protect themselves from fraud by implementing a few essential steps like, 3D- Secure processing, SSI certification and a PCI complaint gateway are some essential features of a good merchant account and payment gateway.
At AMSLV, we strive to provide the best banking solutions to all merchants who fall in the category of high risk. Call us today at 702-456-1116 or drop us an email at info@amslv.com
