When processors assess your companyâs level of risk, they do so based on a combination of your companyâs specific risk factors and your industryâs general level of risk. Read about how we helped one satisfied client eliminate their processing reserves altogether. For e-commerce retailers, this means finding a merchant account provider that makes it easy to process online payments while providing a seamless online experience to customers. PCI -DSS Compliance; Fraud Protection; Chargeback Management; Industries. However, we are not one of those providers. At SwipeSum, our mission every day is to save you stress, time, and money so you can keep your focus where it belongs: on continuing to grow your business. High Risk Processing Industries. If all or many of your transactions are conducted without a credit card being present (e.g. As Iâve written before, the payment processing industry is in many ways a convoluted mess. $0 application fee, 24-hour account approval, & free setup. How to Sell Your Services with Recurring Payments May 15, 2018. In many ways, companies that know theyâre operating in a high-risk industry are better off, because they expect to face more scrutiny and steeper costs from the outset. Interchange and assessments don’t change much (or sometimes at all) for high-risk businesses, but the processor’s markup is often higher. Global Card Payment brings over 20 years of front-line experience in the High-Risk Merchant Account processing industry to connect your business to the best processing solutions and acquiring banks. High Risk Processing Most rate structures found in the high risk processing industry are often excessively high and confusing. Merchant Payments Acceptance Corp, LLC 2020 All rights reserved Paykings.com 2011-2020. Documentation Needed for a High-Risk Merchant Account. There are several customers who are using ACH Payment Processing for online payment although they are not … The banking institutions always prefer working with merchants that offer the product and services at lower ticket size. Specialized processing for specialized industries. Adult Merchant Account Solutions; Airline Merchant Account; Bad Credit Merchant Account; Merchant Account Business Opportunity; CBD Merchant Account; Collection Agency Merchant Account; Continuity Merchant Account; Cruise Line Merchant Account; Cryptocurrency Merchant Account; Dating Merchant Account; Debt Collection Merchant … It is important to submit all of the necessary paperwork in order to avoid delays in the decision making process. Echeck and ACH Processing; Solutions. That’s why we’ve spent the last 20+ years thoroughly testing every new merchant bank out there to understand which high-risk industries each bank best serves. Here are some of the most common reasons businesses are considered high risk: You might be on a TMF/ MATCH list or your industry type is known for high chargeback ratios. If youâve been operating under a given processing contract for a while, our team of experts can help your high-risk company find lower rates and slash its reserve requirements, saving you large amounts of money and hassle. Enterprise Retail Processing. We serve all industries with affordable Merchant Accounts but we work specially hard to help High Risk Merchants. … All Industries Welcome. A veteran of the payments industry, Michael and his brother Stephen have led Swipesum since its inception in 2016. Industries designated as high-risk include: Agriculture, forestry, fishing, and hunting. High Risk Payment Processing and Credit Card Processing Solutions For All Business Types.
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